Monthly Archives: June 2021

Statement Regarding Tanzanian Parliament Speech

21 June, 2021

“We are aware of a recent statement made in the Tanzanian Parliament by a Senior Member of the Parliament, regarding the continued failure of the Bank of Tanzania & the Tanzanian Deposit Insurance Board to provide access to deposits held at FBME Bank Limited since it was placed in Administration.

FBME Bank was fully liquid and solvent when placed in Administration, both in Cyprus and Tanzania.

We would like to express our disappointment that depositors and former members of staff continue to receive no support from the Bank of Tanzania and that a number of depositors have sadly passed away since FBME was placed in Administration, without receiving the funds they held at the bank – This is a tragedy!

We the Saabs continue to stand ready to assist in remedying the situation for depositors, staff, and creditors.”