Financial and Banking News


New Interest in Cyprus OBUs 

After some three months of relative inactivity, MEES understands that there has been fresh interest expressed by foreign banks in offshore banking licenses in Cyprus. Later this month the twelfth OBU license will be granted to Societe Bancaire Arabe, a Beirut-based bank whose principal shareholders already have substantial business interests in Limassol. An application is shortly expected from Banque Nationale...