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CYPRUS: FBME card services suspends business activity

07 August, 2014

Due to current developments FBME Card Services has announced that it has taken the decision to suspend business activity with immediate effect. It will not close but will remain suspended while it pursues legal matters and takes the necessary measures to remedy the current situation.
This situation has been forced on the business due to the disruption caused to the Cyprus branch of FBME Bank Limited, and in particular the disruption to payments out of this branch since the appointment of the Special Administrator by the Central Bank of Cyprus.
FBME Card Services sends its sincere apologies to all its customers and merchants in the Republic of Cyprus. More information will be made available in due course.