From fbme.com (large bank in Cyprus): 16 Mar 13 2.00pm 17 March 2013 The authorities in Cyprus have announced the delay of a Parliamentary debate on the provi

From fbme.com (large bank in Cyprus): 16 Mar 13 2.00pm 17 March 2013 The authorities in Cyprus have announced the delay of a Parliamentary debate on the provisional agreement signed by European Union finance ministers for a bailout package for the Government of Cyprus. Though there is considerable media speculation on the detail, some of it no doubt unfounded, the Cyprus authorities have yet to confirm arrangements within the agreed package and the implications for the banking industry and its customers. These are under discussion at the present time.

 FBME Bank is in close contact with the authorities in Cyprus and is monitoring the situation with regard to Parliamentary and Regulatory Authority discussions. We will keep our customers informed as to developments and expect to update this statement each day in the coming period as soon as information becomes available. Please refer to our website www.fbme.com for the latest statement, which we expect to update during the course of Monday, 18 March 2013 and thereafter. At this moment, we wish to assure all our customers that the financial condition of FBME Bank is sound and depositors’ monies benefit from the strength of the Bank’s dynamic and well diversified Balance Sheet, which at all times meets European Capital Adequacy and Liquidity Standards. It continues to be the Bank’s intention to keep a very high liquidity and strong solvency position. If there is further information required please email pr@fbme.com