22 October 2014
FBME Limited has renewed its commitment to fight all efforts by the Central Bank of Cyprus to expropriate and sell the Cyprus branch of its Bank.
The holding company issued a statement following the first day (21 October) of the scheduled hearing of its interim application by the District Court of Nicosia to disallow a sale of its branch. The hearing continues.
20 October 2014
The Cyprus branch of FBME Bank reopened this morning on the return to the office of the branch Administrator, appointed by the Central Bank of Cyprus. As we reported, the branch was prevented from conducting business during the course of last week on the instructions of the Administrator while he went on leave.
13 October 2014
Dinos Christofides, the Administrator of the Cyprus branch of FBME Bank, appointed by the Cyprus Central Bank under its inappropriate Resolution Decree, will be away from 13 to 20 October 2014, and has left instructions that no cheques are to be issued during this time. In other words, he hasn’t appointed a deputy to do his self-appointed task of approving each and every payment. Presumably, his abnormal service will resume on 20 October.
10 October 2014
Thousands of computers all over the world are accessing the fbmeltd.com website, as shown by the latest statistics of use. A large number of people in North America in particular are finding the site and returning regularly for updates. Many others in the EU and CIS are also avid followers, as well as thousands in Cyprus. In total, since the site was launched in early August there have been 425,000 individual hits on the site from 79 countries.