Cyprus Development Bank

The Cyprus Development Bank (CDB) is a key financial institution in Cyprus. Established in 1963, it aims to support the economic growth of the island. The bank provides various financial services, including loans and investment opportunities.

History and Purpose

The Cyprus Development Bank was founded to promote development projects. It focuses on sectors like tourism, manufacturing, and services. Over the years, the bank has played a crucial role in the economic development of Cyprus.

Services Offered

The bank offers a range of services to businesses and individuals. These include loans for small and medium-sized enterprises (SMEs), investment banking, and advisory services. The Cyprus Development Bank also provides funding for infrastructure projects.

Impact on Cyprus Economy

The Cyprus Development Bank has significantly contributed to the growth of the local economy. By providing financial support, it helps businesses expand and create jobs. The bank's initiatives have led to increased investment in various sectors, boosting the overall economic health of Cyprus.

How to Access Services

Businesses and individuals can access the bank's services by visiting its branches or website. The application process for loans and other services is straightforward. The Cyprus Development Bank aims to make financial resources accessible to all eligible applicants.