31 October 2015
FBME Bank Limited has initiated plans to migrate deposits held at its Cyprus branch to its head office in Tanzania, in this way opening access for depositors to their funds. This follows a situation where depositors have had their access restricted to a paltry EUR 1,000 a week and in some cases have experienced what is effectively a bar on their accounts on the orders of the Central Bank of Cyprus (CBC), which took control of FBME’s Cyprus Branch in July 2014.
6 October 2015
Head office employees of FBME Card Services have moved to the newly-constructed FBME building on Georgiou Griva Digeni in Nicosia, becoming the first part of FBME to have done so. Formerly, Card Services occupied premises on Archbishop Makarios III Avenue.
16 September 2015
In its Award signed on 10 September 2015, an Arbitral Tribunal of the International Chamber of Commerce (ICC) in Paris decided it has jurisdiction over the claims by the owners of FBME Limited (the Claimants) against the Republic of Cyprus (the Respondents) regarding the Lebanese-Cyprus Treaty governing the protection of investor rights.
28 August 2015
On 27 August, the United States District Court for the District of Columbia granted a preliminary injunction against FinCEN and other US Defendants to prevent the Final Rule from taking effect until the Court enters a final judgment on the merits, as requested by FBME Limited and FBME Bank Limited. Further information is available on the District Court’s order by clicking here.
27 July 2015
FBME Limited has studied the final rule of the Financial Crimes Enforcement Network (FinCEN), released on 23 July 2015, and has issued the following statement:
24 July 2015
FBME Limited announces that it rejects the Final Rule made public yesterday, 23 July 2015, by the Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury. This Final Rule fails to give appropriate weight to the evidence of forensic investigations and reports, and makes allegations which FBME Limited says are unwarranted.
19 July 2015
Special feature: the dark Anniversary of the CBC’s Resolution decree.
FBME has marked the First Anniversary of the disastrous decisions that launched the Fiasco of Resolution against FBME’s Cyprus branch by taking full-page announcements in newspapers in the Republic. Due to a virtual paralysis of decision-making on the part of the Central Bank of Cyprus (CBC), it has become necessary to set out to the general public what has occurred. The announcement ends on a positive note, however, by pointing the route to a practical way to reduce the harm and reverse past actions. Click here for a copy of the announcement.
July 12, 2015
In an effort to keep our international customers updated we are providing below a translation of an article that appeared today in the well-known local newspaper “Politis”.
11 July 2015
Yesterday afternoon the Central Bank of Cyprus (CBC) issued a statement to the media in Cyprus attempting to justify its actions against FBME Bank’s Cyprus branch a year ago, on 21 July, and its subsequent stranglehold which has imperilled the Republic and its taxpayers, financial stability in the banking sector, the livelihoods of customers and employees, and the reputation of the CBC itself.
10 July 2015
FBME LIMITED (FBME), AS THE HOLDING COMPANY OF FBME BANK LIMITED, RESPONDS TO THE ANNOUNCEMENT BELOW OF THE CENTRAL BANK OF CYPRUS (CBC) AS RESOLUTION AUTHORITY: WE HAVE SET OUT IN SECTIONS A TRANSLATION OF THE CBC STATEMENT RELEASED ON 10 JULY 2015. FBME’S RESPONSE IS GIVEN IN ITALICS AFTER EACH SECTION.
