8.14pm GMT

People enter a branch of Laiki Bank in Nicosia after the reopening of the bank today. Photograph: Marios Lolos/Xinhua Press/Corbis

Time for a closing summary.

• Cyprus's banks have reopened for the first time in 12 days. Fears of a bank run proved unfounded, thanks to capital controls which limit people to withdrawing just €300. (photos here)

• Branches opened as planned at 10am GMT or noon local time, closing six hours later after giving people their first change to use many banking services since Cyprus agreed a bailout on 16 March (follow the action from here onwards)

• Although the queues were caim, Cypriots showed their anger and fears over the crisis which grips their country (interviews here..... and here)

• But journalists outnumbered customers at some branches during the day, as Cyprus held its nerve (see here).

• President Anastasiades later thanked the people for showing 'maturity and collectedness'. He is taking a 25% pay cut in solidarity with the nation (details)

• The news helped to push shares higher in London and on Wall Street, where the S&P 500 ended the day at a record closing high (see here)

• In Cyprus, people were also adjusting to a new world of capital controls, which mean they can only take €1,000 in cash out of the country (more details here).

• The decree bringing capital controls into force says they would initially last a week...but tonight its foreign minister said that might be relaxed in a month. Economists fear it will be longer. (see here)

• New data showed that Cypriot bank deposits fell in February, before the bailout was announced -- with deposits from customers in other euro members down by 18% (see here).

Thanks all, and goodnight! GW