FBME Bank
Encyclopedia
FBME Bank is an international commercial bank. It offers commercial banking services and products to corporate and individual clients. Its traditional banking lines include international payment services, multi-currency accounts, credit facilities, trade finance, FOREX trading facilities, internet banking and international card services solutions. FBME services clients worldwide.
History
- The bank was founded in 1952 in Lebanon, as the Federal Bank of Lebanon SAL.
- In 1982 Federal Bank of the Middle East Ltd was established in Cyprus as a subsidiary of the Federal Bank of Lebanon SAL.
- In 1986 Federal Bank of the Middle East Ltd 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 Ltd 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 Ltd, Tanzania.
- In 2005 the Federal Bank of the Middle East Ltd changed its name to FBME Bank Ltd.
- FBME Card Services Limited (FBMECS) was incorporated in 2002 and in 2004/5 took over the Card Services operations of FBME Bank Ltd.
Subsidiaries
FBME Card Services Ltd- Activities: Providing a full range of payment services.
- Location: Cyprus
Ownership
FBME Bank Ltd is a private bank owned in equal proportions by Messrs Ayoub-Farid M. Saab and Fadi M. Saab.Branch Network
The bank maintains presence in the following locations:- Dar es Salaam Branch - Dar es SalaamDar es SalaamDar es Salaam , formerly Mzizima, is the largest city in Tanzania. It is also the country's richest city and a regionally important economic centre. Dar es Salaam is actually an administrative province within Tanzania, and consists of three local government areas or administrative districts: ...
, TanzaniaTanzaniaThe United Republic of Tanzania is a country in East Africa bordered by Kenya and Uganda to the north, Rwanda, Burundi, and the Democratic Republic of the Congo to the west, and Zambia, Malawi, and Mozambique to the south. The country's eastern borders lie on the Indian Ocean.Tanzania is a state...
- Zanzibar Branch - ZanzibarZanzibarZanzibar ,Persian: زنگبار, from suffix bār: "coast" and Zangi: "bruin" ; is a semi-autonomous part of Tanzania, in East Africa. It comprises the Zanzibar Archipelago in the Indian Ocean, off the coast of the mainland, and consists of numerous small islands and two large ones: Unguja , and Pemba...
, TanzaniaTanzaniaThe United Republic of Tanzania is a country in East Africa bordered by Kenya and Uganda to the north, Rwanda, Burundi, and the Democratic Republic of the Congo to the west, and Zambia, Malawi, and Mozambique to the south. The country's eastern borders lie on the Indian Ocean.Tanzania is a state...
- Arusha Branch - ArushaArushaArusha is a city in northern Tanzania. It is the capital of the Arusha Region, which claims a population of 1,288,088, including 281,608 for the Arusha District . Arusha is surrounded by some of Africa's most famous landscapes and national parks...
, TanzaniaTanzaniaThe United Republic of Tanzania is a country in East Africa bordered by Kenya and Uganda to the north, Rwanda, Burundi, and the Democratic Republic of the Congo to the west, and Zambia, Malawi, and Mozambique to the south. The country's eastern borders lie on the Indian Ocean.Tanzania is a state...
- Mwanza Branch - MwanzaMwanzaMwanza is a mid-sized port city on the southern shores of Lake Victoria in northwestern Tanzania. With an urban population of 1.2 million and a metropolitan population of 2 million, it is Tanzania's second largest city, following Dar es Salaam and ahead of other major Tanzanian cities of Arusha,...
, TanzaniaTanzaniaThe United Republic of Tanzania is a country in East Africa bordered by Kenya and Uganda to the north, Rwanda, Burundi, and the Democratic Republic of the Congo to the west, and Zambia, Malawi, and Mozambique to the south. The country's eastern borders lie on the Indian Ocean.Tanzania is a state...
- Nicosia Branch - NicosiaNicosiaNicosia from , known locally as Lefkosia , is the capital and largest city in Cyprus, as well as its main business center. Nicosia is the only divided capital in the world, with the southern and the northern portions divided by a Green Line...
, CyprusCyprusCyprus , officially the Republic of Cyprus , is a Eurasian island country, member of the European Union, in the Eastern Mediterranean, east of Greece, south of Turkey, west of Syria and north of Egypt. It is the third largest island in the Mediterranean Sea.The earliest known human activity on the...
- Limassol Branch - LimassolLimassolLimassol is the second-largest city in Cyprus, with a population of 228,000 . It is the largest city in geographical size, and the biggest municipality on the island. The city is located on Akrotiri Bay, on the island's southern coast and it is the capital of Limassol District.Limassol is the...
, CyprusCyprusCyprus , officially the Republic of Cyprus , is a Eurasian island country, member of the European Union, in the Eastern Mediterranean, east of Greece, south of Turkey, west of Syria and north of Egypt. It is the third largest island in the Mediterranean Sea.The earliest known human activity on the...
- The bank also maintains a Moscow Representative Office - MoscowMoscowMoscow is the capital, the most populous city, and the most populous federal subject of Russia. The city is a major political, economic, cultural, scientific, religious, financial, educational, and transportation centre of Russia and the continent...
, RussiaRussiaRussia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
Affiliates
- Federal Bank of Lebanon SAL, Lebanon. *http://www.fbl.com.lb
- Trade Finance Bank Ltd, Russia. *http://www.tfbank.ru
Awards & Recognitions
- FBME receives USD and EUR Straight Through Processing (STP) Excellence Award for 2009 from Deutsche Bank. It is the fourth consecutive year that FBME has been awarded from Deutsche Bank for the exceptional quality of its USD payment messages.
- In 2009 FBMECS as an entire company was certified in accordance with the ISO/IEC 27001:2005 International Standard: the first of its kind in Cyprus.
- FBMECS has been awarded the Gold Medal in the Pride in Print Awards 2009 for our Infinite Card in the category for Specialty Products and Processes.
External links
- Website of FBME
- Website of Federal Bank of Lebanon
- Website of Trade Finance Bank
- Website of Bank of Tanzania
- List of Commercial Banks Operating In Tanzania
See also
- Bank of TanzaniaBank of TanzaniaThe Bank of Tanzania is the central bank of the United Republic of Tanzania. It is responsible for issuing the national currency, the Tanzanian shilling....
- List of banks in Tanzania
- List of banks in Africa
- Economy of TanzaniaEconomy of Tanzania- History :Significant measures have been taken to liberalize the Tanzanian economy along market lines and encourage both foreign and domestic private investment. Beginning in 1986, the Government of Tanzania embarked on an adjustment program to dismantle socialist economic controls and encourage...