Court Defers Decision

23 August 2014

Hearings on FBME objections to a possible sale of its Cyprus branch, due for 22 August, have been deferred by the Cyprus Supreme Court to 15 September. The Central Bank of Cyprus has undertaken to make no move on this matter in the meantime.

In effect, the deferment has the effect of providing more time for the completion of the investigation being carried out by forensic accountants.