Decree by the Resolution Authority

Monday, 21 July 2014

The Central Bank of Cyprus (CBC) announces that the Resolution Authority has tonight issued a Decree, under the powers conferred to it by section 2A of the Resolution of Credit and Other Institutions Law, 2013 - 2014, which places the branch of FBME Bank Ltd in Cyprus under resolution.

The Decree’s purpose is to sell the operations of the branch with the aim of protecting FBME depositors.

Decree (in Greek).