FBME depositors in limbo as Tanzanian official remains uncooperative

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FBME depositors in limbo as Tanzanian official...
 © BusinessMail 2017
By Stelios Orphanides

As the verdict of the Nicosia district court on whether it will allow the appointment of a liquidator at FBME Bank is expected over the next weeks or months, the fate of depositors’ money continuous to hang in the balance almost a year after the Central Bank of Cyprus triggered the guarantee scheme.

So far, the Central Bank of Cyprus has satisfied claims of up to 700 FBME customers and disbursed up to €100,000 to each, with the overall amount ranging between €60m and €70m, a source with knowledge of the situation said. The total number of applications received...


FBME depositors in limbo as Tanzanian official remains uncooperative


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