27 August 2014

FBME Limited co-owner, Fadi M Saab, has sent a letter to employees of FBME Bank on behalf of himself and co-owner Ayoub-Farid M Saab. The letter thanks staff for their loyalty and expresses empathy with them in this time of extreme frustration.

It goes on to explain the four-pronged strategy being employed to tackle the difficulties which the bank is currently facing: addressing the concerns of the US authorities through the forensic investigation; employing legal recourse to combat the actions of the Cyprus Central Bank; lobbying to get transaction processing unfrozen, and planning for the future of the bank.

To see the letter, click here