Cyprus Development Bank
 |
|
| Public | |
| Industry | Finance |
| Founded | 1963 |
| Headquarters | Nicosia, Cyprus |
|
Area served
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Cyprus |
|
Key people
|
Kyriacos Papadopoulos (CEO), Kyriacos Christofi (Chairman) |
| Products | consumer banking, corporate banking, investment banking, mortgage loans, private banking, wealth management |
| Subsidiaries | Novasys Information Services Investment Bank of Kuban Enalion Environmental Management Centre Cdb Capital |
| Website | CDB Bank |
The Cyprus Development Bank (CDB), (Κυπριακή Τράπεζα Αναπτύξεως), was established in 1963 as a public company to promote economic development in Cyprus. Its main shareholders were the Republic of Cyprus and the European Investment Bank. It has been privatized in 2008.
In June 2007, the Government of Cyprus invited expressions of interest on Friday to dispose of its majority stake. CDB’s assets in 2007 stand at CYP £231 million. In 2008 the bank was fully privatized and no longer belongs to the Cypriot state.
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Wikipedia