7 November 2014

Credit where credit is due: the Central Bank of Cyprus has granted an extension to the license of FBME Card Services thereby increasing the chances of an eventual resumption of the Company’s business. So, our thanks go to the Central Bank, who responded to Card Services’ application for the extension. The Company remains suspended but while the licenses are still current, there is a chance that once the restrictions are lifted a resumption of business can be made.

It is important that this is done for the good of the market and for the reputation of the authorities.