appears to have a close connection with its subject . it may require cleanup to comply with wikipedia s content policies particularly neutral point of view . please discuss further on the talk page . august 2014 learn how and when to remove this template message fbme bank type private company industry banking financial services founded 1953 headquarters dar es salaam tanzania area served cyprus russia tanzania key people a f m saab chairman f m saab managing director 1 products credit cards consumer banking corporate banking investment banking mortgage loans private banking wealth management total assets us 2.716 billion tzs 4.4 trillion q3 2013 subsidiaries fbme card services website www.fbme.com fbme bank was an international commercial bank . it offered commercial banking services and products to corporate and individual clients . its traditional banking lines included international payment services multi currency account credit facilities trade finance forex trading facilities internet banking and international card services . fbme services clients worldwide . contents 1 overview 2 history 3 ownership 4 branch network 5 see also 6 references 7 external links overview edit as of september 2013 update fbme is the largest commercial bank in tanzania with a total asset base valued at approximately us 2.716 billion tzs 4.4 trillion with shareholders equity of approximately us 179.63 million tzs 291 billion . 2 history edit the bank was founded in 1952 in lebanon as the federal bank of lebanon sal . in 1982 federal bank of the middle east was established in cyprus 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 cayman islands and its banking presence in cyprus was transformed to that of a branch of the cayman islands entity . since 1993 it has maintained a representative office in moscow . in 2003 as part of its strategic planning 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 tanzania . 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 . in 2014 the financial crimes enforcement network fincen a bureau of the united states department of the treasury which collects financial transactional data and information in order to combat domestic and international money laundering terrorist financing and other financial crimes accused fbme which operates primarily in cyprus of facilitating financial transactions for multinational organised crime organizations and hezbollah . 3 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 the latter replaced by chris iacovides . 4 better source needed in may 2015 the international chamber of commerce 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 band and claimants in the dispute against the republic of cyprus . 5 fbme bank said this confirms 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 puts cypriot financial authorities under obligation to notify any further measure regarding fbme cyprus 30 days in advance and that cyprus can no longer act in isolation and put all interested parties before a fait accompli . further fbme the arbitral tribunal and that messrs. saab owners will be in a position to react before a decision is final and have an opportunity to take all measures and legal actions that they deem appropriate . 6 the 21st of december 2015 the central bank of cyprus revoked the branch license of fbme bank in cyprus . 7 after the deposit guarantee scheme was activated for customers with accounts in cyprus the banks 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 euro . there are in 2016 numerous court cases ongoing . the verdicts show a sense of predictability . ownership edit the shares of stock of fbme bank are owned by ayoub farid m saab 50 % and fady m saab 50 % . 8 branch network edit the bank maintains the following branches 9 cyprus nicosia branch 90 archbishop makarios iii avenue 1077 nicosia cyprus limassol branch omiros & araouzos tower 25 olympion street 3035 limassol cyprus tanzania main branch at samora avenue dar es salaam tanzania zanzibar branch 19 1 kisiwandui zanzibar tanzania arusha branch 47 old moshi haile selasie road arusha tanzania mwanza branch station road mwanza tanzania russia moscow representative office 7 11 3rd lusinovsky lane 119049 moscow russia see also edit list of banks in tanzania list of banks in cyprus economy of tanzania economy of cyprus references edit members of the board of directors tanzania banks total assets fell in third quarter supreme court clears path for fbme sale . cyprus mail . 8 august 2014 . fbme bank latest news cyprus weekly as quoted in in cyprus.com icc asks cyprus not to take further fbme measures 22 may 2015 gold news cyprus fbme says icc decision positive 22 may 2015 response to the fbme bank ltd. white paper legal floris legal floris . www.legalfloris.com . retrieved 29 july 2016 . fbme bank profile branches of fbme external links edit website of fbme trade articles v t e banks of tanzania big four banks crdb bank exim bank national bank of commerce nbc national microfinance bank nmb commercial banks accessbank advans bank akiba commercial bank amana bank azania bank bank m bank of baroda barclays bank tanzania commercial bank of africa dar es salaam community bank diamond trust bank ecobank equity bank first national bank tanzania fbme bank habib african bank i & m bank icb bank kenya commercial bank mkombozi commercial bank nic bank people s bank of zanzibar major foreign banks bancabc bank of africa citibank bank of india stanbic bank standard chartered united bank for africa united bank limited financial institutions maendeleo bank tanzania postal bank tanzania women s bank limited development bank tanzania agricultural development bank tanzania investment bank central bank of tanzania v t e economy of tanzania currency tanzanian shilling bank of tanzania history ujamaa zanzibar economy poverty industry and business agriculture coffee cashew sisal mining companies tourism government agencies tanzania portal chamber of commerce tanzania ports authority taxation transport and infrastructure airports roads rail tazara railway dart julius nyerere international airport communications ttcl vodacom tigo airtel halotel sasatel seacom eassy finance and banking dar es salaam stock exchange dse banking microfinance telecommunications economic blocks east african community southern african development community energy tanesco power plants petroleum development tanzania atomic energy commission future east african railway master plan mtwara development corridor retrieved from https en.wikipedia.org w index.php title fbme bank & oldid 743456902 categories banks of lebanonbanks established in 1953hidden categories wikipedia articles with possible conflicts of interest from august 2014articles containing potentially dated statements from september 2013all articles containing potentially dated statementsall articles lacking reliable referencesarticles lacking reliable references from february 2015 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