297:'s Arbitral Tribunal called on Cypriot banking authorities to abstain from taking any measures that would destroy irrevocably the business of FBME Cyprus pending completion of arbitration. The request for Interim Measures had been filed by Ayoub-Farid Michel Saab and Fadi Michel Saab, owners of the bank and claimants in the dispute against the Republic of Cyprus. FBME Bank said this confirmed Procedural Order No. 1 by inviting the Republic of Cyprus to refrain from proceeding to the sale or the resolution of FBME Bank before the end of this arbitration and put Cypriot financial authorities under obligation to notify any further measure regarding FBME Cyprus 30 days in advance, and that Cyprus could no longer act in isolation and put all interested parties before a fait accompli. Further, FBME, the Arbitral Tribunal, and Messrs. Saab, owners would be in a position to react before a decision was final, and have an opportunity to take all measures and legal actions that they deemed appropriate.
1335:
542:
1327:
1293:
991:
502:
485:
468:
451:
427:
410:
526:
303:
After the deposit guarantee scheme was activated for customers with accounts in Cyprus, the bank's staff in Cyprus started a strike. In June 2016, staff agreed to assist with the administration of the deposit guarantee scheme and customers start receiving their money up to €100,000. There are in 2016
257:
In 2003, Federal Bank of the Middle East terminated its banking presence in the Cayman
Islands and established its parent company and operational headquarters in Tanzania. At the same time, its Cyprus operations became a branch of Federal Bank of the Middle East,
290:. The Central Bank of Cyprus took over management of the bank and appointed Mr. Dinos Christofides as administrator, who was later replaced by Andrew Andronicou and thereafter Andronicou was replaced by Chris Iacovides.
317:
On May 5, 2017, the Bank of
Tanzania discontinued all banking operations of FBME Bank Ltd, revoked its banking business license, placed it under liquidation and appointed the Deposit Insurance Board as a liquidator.
311:
265:
In 2005 the
Federal Bank of the Middle East Changed its name to FBME Bank. FBME Card Services Limited (FBMECS) was incorporated in 2002 and in 2004/5 took over the Card Services operations of FBME Bank.
809:"FBI investigates Russian-linked Cyprus bank accused of money laundering: Request for financial information may be connected to inquiries into possible conspiracy between Trump and Kremlin"
1433:
347:
for financial information about FBME, specifically into information that the bank was used by wealthy
Russians with political connections accused by the US government of
356:
1281:
250:
and its banking presence in Cyprus was transformed to that of a branch of the Cayman
Islands entity. Since 1993 it had maintained a Representative Office in
1504:
979:
808:
1617:
752:
675:
366:
A court order to liquidate the Cyprus branch of FBME Bank Ltd. was presented on June 29th 2023 by Judge Y. Kyriakidou of the
Nicosia District Court.
726:
1402:
840:
589:
1591:
1234:
1119:
1089:
1259:
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1021:
275:
106:
957:
778:
246:
as a subsidiary of the
Federal Bank of Lebanon SAL. In 1986 Federal Bank of the Middle East changed its country of incorporation to the
230:
4.4 trillion (US$ 2.716 billion), with shareholders' equity of approximately TSh 291 billion (US$ 179.63 million).
1669:
1612:
1104:
1622:
1274:
294:
207:. It offered commercial banking services and products to corporate and individual clients. Its traditional banking lines included
1638:
1216:
891:
27:
1481:
972:
328:
1570:
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1534:
1412:
1392:
1387:
650:
1555:
1461:
1397:
1377:
1267:
1134:
1099:
1084:
208:
1643:
1407:
1471:
1026:
965:
1664:
1560:
1226:
1124:
995:
560:
1565:
1438:
1129:
756:
632:
1382:
782:
555:
676:"Cyprus Weekly as quoted in In Cyprus.com: ICC asks Cyprus not to take further FBME measures (22 May 2015)"
1586:
1190:
1185:
1114:
701:
679:
344:
1466:
1453:
1326:
1200:
1064:
1059:
730:
1514:
1443:
1239:
1211:
1054:
1016:
593:
300:
On
December 21, 2015, the Central Bank of Cyprus revoked the branch license of FBME bank in Cyprus.
1417:
1361:
1297:
1049:
570:
1311:
1180:
1139:
1079:
1044:
865:
336:
242:, as the Federal Bank of Lebanon SAL. In 1982 Federal Bank of the Middle East was established in
227:
167:
141:
51:
1529:
1155:
816:
565:
153:
119:
1509:
1316:
1250:
348:
308:
216:
753:"Only logical verdicts in FBME Bank court cases - Legal Floris LLC | Legal Floris LLC"
1519:
1334:
283:
204:
149:
137:
37:
1476:
1160:
1074:
332:
247:
133:
895:
1658:
1170:
441:
360:
212:
145:
69:
952:
1175:
1109:
547:
340:
323:
1069:
636:
129:
654:
537:
175:
820:
1011:
287:
26:
802:
800:
304:
numerous court cases ongoing. The verdicts show a sense of predictability.
727:"Response to the FBME Bank Ltd. White Paper - Legal Floris | Legal Floris"
1356:
1292:
1165:
990:
501:
496:
484:
479:
467:
462:
458:
450:
445:
417:
259:
223:
111:
93:
73:
416:
Limassol Branch - Omiros & Araouzos Tower, 25 Olympion Street, 3035
1607:
1524:
1094:
400:
379:
239:
1351:
525:
520:
516:
492:
475:
426:
421:
409:
404:
314:
which in effect cut off the bank from the
American financial system.
279:
251:
243:
89:
85:
359:
into FBME was connected to a flow of illegal
Russian funds into the
1539:
375:
219:
and international card services. FBME serviced clients worldwide.
161:
916:
702:"Gold News Cyprus: FBME says ICC decision positive (22 May 2015)"
515:
Moscow Representative Office - 7/11, 3rd Lusinovsky Lane, 119049
1036:
1003:
47:
1263:
961:
614:
222:
As of September 2013, FBME was the largest commercial bank in
1333:
1325:
841:"Banned Over Terror Clients, FBME Has Added Woe: U.S. Probe"
282:, of facilitating financial transactions for multinational
399:
Nicosia Branch - 90 Archbishop Makarios III Avenue, 1077
382:
bankers Ayoub-Farid M Saab (50%) and Fady M Saab (50%).
945:
807:
Kirchgaessner, Stephanie; Farolfi, Sara (2017-12-24).
779:"Tanzania Bank Seeks to Avoid Being Cut Off From U.S."
335:
investigation (into possible connections between the
1631:
1600:
1579:
1548:
1495:
1452:
1426:
1370:
1344:
1304:
1225:
1199:
1148:
1035:
1002:
184:
174:
159:
125:
99:
79:
65:
57:
43:
33:
226:, with a total asset base valued at approximately
189:
474:Arusha Branch - 47 Old Moshi/Haile Selasie Road,
307:In April 2017, the bank appealed a ruling from a
170:4.4 trillion (US$ 2.716 billion) (Q3:2013)
1275:
973:
211:, multi-currency account, credit facilities,
8:
19:
615:"Business Times - News for business owners"
390:The bank maintains the following branches:
339:and the 2016 U.S. presidential campaign of
1282:
1268:
1260:
980:
966:
958:
278:accused FBME, which operates primarily in
25:
18:
633:"Supreme Court clears path for FBME sale"
581:
1592:Southern African Development Community
1235:Tanzania Agricultural Development Bank
729:. www.legalfloris.com. Archived from
7:
1487:Julius Nyerere International Airport
777:Rubenfeld, Samuel (April 18, 2017).
276:Financial Crimes Enforcement Network
16:Former international commercial bank
590:"Members of The Board of Directors"
457:Zanzibar Branch - 19-1 Kisiwandui,
1556:Dar es Salaam Stock Exchange (DSE)
1378:Tanzania Mercantile Exchange (TMX)
14:
1623:Tanzania Atomic Energy Commission
295:International Chamber of Commerce
1639:East African Railway Master Plan
1291:
1027:National Microfinance Bank (NMB)
989:
866:"FBME Bank Liquidation Approved"
540:
524:
500:
483:
466:
449:
425:
408:
327:reported that the United States
238:The bank was founded in 1952 in
329:Federal Bureau of Investigation
1022:National Bank of Commerce(NBC)
491:Mwanza Branch - Station Road,
440:Main Branch at Samora Avenue,
209:international payment services
1:
1217:Tanzania Women's Bank Limited
1454:Transport and infrastructure
357:Russia-related investigation
215:, forex trading facilities,
1644:Mtwara Development Corridor
378:of FBME Bank were owned by
1686:
1323:
1670:Banks established in 1953
1248:
1135:People's Bank of Zanzibar
561:List of banks in Tanzania
355:further reports that the
24:
1439:Tanzania Ports Authority
1251:Central Bank of Tanzania
1240:Tanzania Investment Bank
1130:Mkombozi Commercial Bank
870:/www.bankliquidation.eu
783:The Wall Street Journal
651:"FBME Bank latest news"
556:List of banks in Cyprus
333:Robert S. Mueller III's
107:Ayoub-Farid Michel Saab
1587:East African Community
1338:
1331:
1201:Financial institutions
1186:United Bank for Africa
345:Central Bank of Cyprus
321:On December 24, 2017,
1618:Petroleum Development
1371:Industry and business
1337:
1329:
1115:I&M Bank Tanzania
1060:Akiba Commercial Bank
331:– in connection with
203:was an international
1212:Tanzania Postal Bank
1100:Equity Bank Tanzania
363:real estate market.
1549:Finance and banking
1434:Chamber of Commerce
1427:Government agencies
1298:Economy of Tanzania
1191:United Bank Limited
1149:Major foreign banks
1085:DCB Commercial Bank
1065:Amana Bank Tanzania
1050:AccessBank Tanzania
892:"FBME Bank Profile"
706:www.goldnews.com.cy
571:Economy of Tanzania
21:
1571:Telecommunications
1339:
1332:
1312:Tanzanian shilling
1181:Standard Chartered
1140:Mwanga Hakika Bank
1110:Habib African Bank
1090:Diamond Trust Bank
1080:NCBA Bank Tanzania
1045:Absa Bank Tanzania
343:) – had asked the
337:Russian government
286:organizations and
180:FBME Card Services
142:investment banking
52:Financial services
1652:
1651:
1257:
1256:
996:Banks of Tanzania
733:on 12 August 2016
566:Economy of Cyprus
293:In May 2015, the
198:
197:
154:wealth management
138:corporate banking
120:Managing Director
1677:
1665:Banks of Lebanon
1357:Zanzibar Economy
1330:Flag of Tanzania
1317:Bank of Tanzania
1296:
1295:
1284:
1277:
1270:
1261:
1227:Development bank
1095:Ecobank Tanzania
1037:Commercial banks
994:
993:
982:
975:
968:
959:
949:
948:
946:Official website
932:
931:
929:
927:
913:
907:
906:
904:
903:
894:. Archived from
888:
882:
881:
879:
877:
862:
856:
855:
853:
852:
837:
831:
830:
828:
827:
804:
795:
794:
792:
790:
774:
768:
767:
765:
764:
755:. Archived from
749:
743:
742:
740:
738:
723:
717:
716:
714:
712:
698:
692:
691:
689:
687:
678:. Archived from
672:
666:
665:
663:
662:
653:. Archived from
647:
641:
640:
639:. 8 August 2014.
629:
623:
622:
611:
605:
604:
602:
601:
592:. Archived from
586:
550:
545:
544:
543:
529:
528:
505:
504:
488:
487:
471:
470:
454:
453:
430:
429:
413:
412:
349:money laundering
309:Washington, D.C.
217:internet banking
194:
191:
164:
134:consumer banking
116:Fadi Michel Saab
29:
22:
1685:
1684:
1680:
1679:
1678:
1676:
1675:
1674:
1655:
1654:
1653:
1648:
1627:
1596:
1580:Economic blocks
1575:
1544:
1491:
1448:
1422:
1366:
1340:
1321:
1300:
1290:
1288:
1258:
1253:
1244:
1221:
1195:
1144:
1105:GTBank Tanzania
1031:
998:
988:
986:
944:
943:
940:
935:
925:
923:
917:"FBME homepage"
915:
914:
910:
901:
899:
890:
889:
885:
875:
873:
872:. June 30, 2023
864:
863:
859:
850:
848:
839:
838:
834:
825:
823:
806:
805:
798:
788:
786:
776:
775:
771:
762:
760:
751:
750:
746:
736:
734:
725:
724:
720:
710:
708:
700:
699:
695:
685:
683:
682:on 4 March 2016
674:
673:
669:
660:
658:
649:
648:
644:
631:
630:
626:
613:
612:
608:
599:
597:
588:
587:
583:
579:
546:
541:
539:
536:
523:
499:
482:
465:
448:
424:
407:
388:
372:
284:organised crime
272:
236:
205:commercial bank
188:
160:
150:private banking
118:
114:
110:
102:
92:
88:
82:
38:Private Company
17:
12:
11:
5:
1683:
1681:
1673:
1672:
1667:
1657:
1656:
1650:
1649:
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1568:
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1558:
1552:
1550:
1546:
1545:
1543:
1542:
1537:
1532:
1527:
1522:
1517:
1512:
1507:
1501:
1499:
1497:Communications
1493:
1492:
1490:
1489:
1484:
1479:
1477:TAZARA Railway
1474:
1469:
1464:
1458:
1456:
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1272:
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1255:
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1243:
1242:
1237:
1231:
1229:
1223:
1222:
1220:
1219:
1214:
1209:
1208:Maendeleo Bank
1205:
1203:
1197:
1196:
1194:
1193:
1188:
1183:
1178:
1173:
1168:
1163:
1161:Bank of Africa
1158:
1152:
1150:
1146:
1145:
1143:
1142:
1137:
1132:
1127:
1122:
1117:
1112:
1107:
1102:
1097:
1092:
1087:
1082:
1077:
1075:Bank of Baroda
1072:
1067:
1062:
1057:
1052:
1047:
1041:
1039:
1033:
1032:
1030:
1029:
1024:
1019:
1014:
1008:
1006:
1004:Big four Banks
1000:
999:
987:
985:
984:
977:
970:
962:
956:
955:
953:Trade articles
950:
939:
938:External links
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832:
796:
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642:
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619:Business Times
606:
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489:
472:
455:
437:
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414:
396:
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387:
386:Branch network
384:
374:The shares of
371:
368:
271:
268:
248:Cayman Islands
235:
232:
196:
195:
186:
182:
181:
178:
172:
171:
165:
157:
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146:mortgage loans
127:
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1202:
1198:
1192:
1189:
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1179:
1177:
1174:
1172:
1171:Bank of India
1169:
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1038:
1034:
1028:
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1007:
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1001:
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992:
983:
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971:
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964:
963:
960:
954:
951:
947:
942:
941:
937:
922:
918:
912:
909:
898:on 2014-02-22
897:
893:
887:
884:
871:
867:
861:
858:
846:
845:Bloomberg.com
842:
836:
833:
822:
818:
814:
810:
803:
801:
797:
785:
784:
780:
773:
770:
759:on 2016-10-10
758:
754:
748:
745:
732:
728:
722:
719:
707:
703:
697:
694:
681:
677:
671:
668:
657:on 2015-02-17
656:
652:
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643:
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634:
628:
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616:
610:
607:
596:on 2014-02-22
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442:Dar es Salaam
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312:federal court
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213:trade finance
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851:2017-12-24
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661:2015-02-17
600:2014-02-17
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1413:Companies
1017:Exim Bank
1012:CRDB Bank
821:0261-3077
789:April 23,
686:31 August
370:Ownership
353:Bloomberg
288:Hezbollah
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201:FBME Bank
168:TSh
20:FBME BANK
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1444:Taxation
1305:Currency
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380:Lebanese
361:New York
260:Tanzania
224:Tanzania
126:Products
112:Chairman
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1608:TANESCO
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1345:History
737:29 July
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185:Website
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1472:Rail
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