CDB Bank

What CDB Bank does

CDB Bank (legal name Cyprus Development Bank Public Company Ltd, trading as cdbbank) is a Cyprus-domiciled public limited company founded in 1963 and headquartered at Alpha House, 50 Arch. Makarios III Avenue, Nicosia. It operates as a niche full-service financial institution with two physical business centers (Nicosia and Limassol), dedicated International Corporate Banking (ICB) centers in both cities, an eBanking platform accessible 24/7, a phone-banking channel, and an API developer portal at developer.cdb.com.cy. It also holds a CySEC Cyprus Investment Firm license through wholly-owned subsidiary cdbGlobalCapital, enabling regulated investment banking services including flotation, capital raising, M&A advisory, and brokerage.

The bank serves five principal client segments: large corporates (tailored medium/long-term business financing of 3-12 years), SMEs and startups (including a dedicated startup financing product with 30% applicant contribution and 24-month grace period), international corporate clients (companies registered in Cyprus or abroad and foreign individuals), personal banking customers (current accounts, savings, debit cards), and institutional investors (custody and depositary services for Alternative Investment Funds in Cyprus). Product breadth spans business premises loans (€300K-€1.5M), green energy financing, overdrafts, trade finance instruments (bank guarantees, documentary credits, bills for collection), treasury services (FX trading, forward exchange contracts, market risk hedging), SEPA Instant Transfers (10-second settlement 24/7/365), and structured retail deposits (CDB FlexiQuarter, CDB Flexi, Quarter Escalator). Technology architecture is anchored on ISO20022-compliant bulk payments (pain.001.001.09), Soft Token / Hard Token multi-factor authentication, and integration with JCC for merchant POS settlement.

Revenue is generated through a mix of interest income on loans (medium/long-term business loans, overdrafts, short-term financing, business premises loans), deposit spread income, account and service fees, debit card subscription fees (€10 Classic, €60/€80 Platinum), international transfer and FX fees, trade finance fees, custody/depositary services, and corporate finance advisory fees via cdbGlobalCapital. The go-to-market model is relationship-led, with dedicated Client Relationship Officers assigned per client and distributed through physical branches, ICB centers, eBanking, phone banking, and direct enterprise engagement. In March 2026 the bank announced an agreement with Bank of Cyprus for the sale of a specific portfolio of performing loans, deposits and certain other assets and liabilities, signaling active portfolio reshaping.

Name

CDB Bank

Legal name

Cyprus Development Bank Public Company Ltd

Website

https://cdb.com.cy

Company type

Public

Founded year

1963

Operating status

Operating

Headcount range

51–100 employees

Short description

CDB Bank (Cyprus Development Bank Public Company Ltd) is a Cyprus-domiciled niche financial institution founded in 1963, providing corporate, SME, startup, international, personal and institutional banking services, plus CySEC-licensed investment banking via its cdbGlobalCapital subsidiary.

Ownership category

akta.pro rank

Headquarters

HQ city

Nicosia

HQ country

Cyprus

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income on Loans: Interest earned on medium and long-term business loans, short-term financing, overdrafts, and business premises loans. Interest rates calculated based on market conditions, risk, security, and facility duration.
2. Deposit Spread Income: Income generated from spread between interest paid on deposits and interest earned on lending. Fixed-term deposits, broken days deposits, and special deposit products.
3. Account and Service Fees: Monthly account maintenance, eStatement services, and various banking service charges. eStatement available free of charge.
4. Card Fees and Commissions: Annual subscription fees for Mastercard Classic Debit (€10) and Platinum Debit (€60 for individuals, €80 for businesses). Also renewal fees and PIN re-issue fees.
5. International Transfer Fees: Fees for international transfers and currency exchange services. Favorable pricing on international transfers for account holders.
6. Trade Finance Fees: Bank guarantees, documentary credits, and bills for collection services generating fee income.
7. Custody and Depositary Services: Safekeeping and oversight services for private equity, real estate, and other Alternative Investment Funds (AIFs) in Cyprus.
8. Corporate Finance Advisory: Through subsidiary cdbGlobalCapital - flotation services, capital raising, M&A advisory, and specialized finance services.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

CDB Bank (Cyprus Development Bank Public Company Ltd) provides corporate banking, international corporate banking, and personal banking services. Its product set includes lending and deposits, trade finance, treasury services, debit cards, and wealth management, delivered to corporate, SME, startup, institutional, and individual clients with operations primarily in Cyprus and international reach through ICB centers.

Product overview

CDB Bank (Cyprus Development Bank Public Company Ltd) operates as a full-service financial institution offering an integrated banking platform across three core divisions: Corporate Banking, International Corporate Banking (ICB), and Personal Banking. The Corporate Banking division provides specialized financing solutions (medium/long-term loans, overdrafts, business premises loans, green energy solutions, startup financing), current and deposit accounts, payment services (SEPA transfers, direct debits), trade finance (bank guarantees, documentary credits, bills for collection), treasury services (FX trading, forward contracts, market risk solutions), wealth management, and debit cards. International Corporate Banking extends these services to international clients with 24/7 online access. Personal Banking delivers consumer-focused versions of these products. Notable named products include Business Premises Loan (€300K-€1.5M), Green Energy Solutions, Startup Financing, and special deposit products (CDB FlexiQuarter, CDB Flexi, Quarter Escalator). The bank operates through its subsidiary cdbGlobalCapital for investment banking and corporate advisory services, supported by digital channels including eBanking and IBAN Validator tools.

Differentiator

Problem solved

Functional benefit

Brands

• cdbGlobalCapital: Investment services subsidiary offering corporate finance services including flotation, capital raising, M&A advisory, and financial consultancy services. Licensed by CySEC.

Products and services

• Corporate Banking
• International Corporate Banking
• Personal Banking
• Lending Products
• Deposits
• Trade Finance
• Treasury Services
• Debit Cards
• Wealth Management

Quantifiable outcome

• SEPA Instant Transfers credit recipient's account within 10 seconds
• +1 more outcomes

Segments8 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• JCC (Payment Systems)coreTechnology or IntegrationJCC provides POS (Point of Sale) device integration services for cdbbank merchant clients. Through this partnership, merchants can connect their POS devices to their cdbbank current and/or overdraft accounts, enabling instant access to funds from card payments.
• Cyprus Securities and Exchange Commission (CySEC)coreOtherscdbGlobalCapital, the investment banking subsidiary, is licensed by CySEC as a Cyprus Investment Firm (CIF) to offer the full range of corporate finance services including flotation, capital raising, M&A advisory, and brokerage.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Others

• Hellenic Development Bank (HDB): Greek national development bank offering project financing, SME loans, and infrastructure advisory — directly comparable to CDB's original 1963 mission as Cyprus's first project financing institution and its current green energy / startup financing products. Useful analogue for a development-finance-led commercial banking model.

Regional players

• Société Générale Cyprus: Cyprus branch of French banking group Société Générale, serving corporate and institutional clients with trade finance, FX, and treasury products. Comparable to CDB's ICB division on cross-border banking for international corporate clients in Cyprus.

Direct peers

• Bank of Cyprus: The largest commercial bank in Cyprus, serving retail, SME, corporate, and international clients with a comparable full-service product suite including loans, deposits, trade finance, and wealth management. CDB and Bank of Cyprus directly compete across most segments and just signed a portfolio sale transaction, making them a direct comparator.
• RCB Bank (Russian Commercial Bank): Cyprus-licensed commercial bank historically focused on international corporate clients, HNW individuals, and wealth management. Closely parallels CDB's International Corporate Banking division and HNW segment with multi-currency accounts, custody, and cross-border payment services.
• AstroBank: A smaller Cyprus-licensed commercial bank focused on SME lending, business banking, and niche segments. Closely comparable to CDB in scale, niche market positioning, and concentration on relationship-based corporate banking in Cyprus.
• Hellenic Bank: The second largest commercial bank in Cyprus, providing retail, SME, and corporate banking products including project financing, mortgages, trade finance, and treasury services. Operates with similar relationship-led model and competes head-to-head with CDB for SME and corporate clients in the domestic market.

Broad incumbents

• Eurobank Cyprus: Subsidiary of Greek Eurobank, providing full-service retail, SME, and corporate banking in Cyprus. Overlaps with CDB on corporate and SME segments but draws on the larger Eurobank group's funding, digital platforms, and product breadth.
• Alpha Bank Cyprus: Subsidiary of Greek Alpha Bank, offering retail, SME, and corporate banking in Cyprus. Comparable product set (current accounts, loans, trade finance, FX) but operates as part of a much larger Greek parent with broader regional reach and deeper balance sheet than CDB.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/cdb_bank

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CDB Bank