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About cdbbank

Corporate Governance

cdbbank acknowledges the need for compliance with the Corporate Governance Directive of the Central Bank of Cyprus and strictly adheres to best practices on corporate governance.

A sound corporate governance policy is essential for maintaining the confidence of stakeholders and creating shareholder value.  At cdbbank, our Board of Directors provides leadership within a framework of prudent and effective controls.  These enable risk to be effectively assessed and managed.  For more information on the Bank’s internal control framework please refer to the latest Pillar III disclosures. These enable risk to be effectively assessed and managed.

 

Risk Management Committee

The Risk Management Committee advises the Management Body on the Group’s overall current and future risk appetite and strategy. It is responsible for the development of an internal risk management framework as well as an internal information security framework and their effective integration into the Bank’s decision-making process.

The Risk Management Committee also ensures that the Bank complies, at all times, with the risk management strategy, policies and regulations and that all risks are identified and appropriate measures are taken for their management.

The Members of the Risk Management Committee are appointed by the Management Body.

The Committee operates under the Terms of Reference as approved by the Management Body.

Risk Management Committee

Name
Position

Christodoulos Plastiras

Chairman

Andreas Hadjikyrou

Member

Stalo Koumidou

Member

Konstantinos Mitropoulos

Member

Demetris Sparsis

Member

 

Nomination and Remunerations Committee

At cdbbank, our Nomination and Remunerations Committee supports and advises the Board regarding Director and CEO development and succession planning. It annually assesses the knowledge, skills and experience of the Board members and recommends appropriate adjustments if applicable.

Nomination and Remunerations Committee Members

Name
Position

Konstantinos Mitropoulos

Chairman

Andreas Hadjikyrou

Member

Stalo Koumidou

Member

Christodoulos Patsalides

Member

Dimitrios P. Sioufas

Member

 

Audit Committee

The Audit Committee’s main duties and responsibilities are to monitor the financial reporting process and to monitor and assess the adequacy and effectiveness of the Group’s Internal Control System and Information Systems. The Audit Committee also oversees the integrity of financial reporting and ensures excellent transparency and communication.

The Audit Committee provides oversight of the Group’s Internal Audit and Compliance Functions.

The Members of the Audit Committee are appointed by the Management Body.

The Committee operates under the Audit Committee Charter as approved by the Management Body.

 

Audit Committee Members

Name
Position
Avgoustinos Papathomas Chairman
Christodoulos Plastiras Member
Dimitrios P. Sioufas Member
Demetris Sparsis Member

 

 

Policies

Whistle Blowing Policy Visit
Fitness and Probity Policy Visit
Conflict of Interest Policy Visit
Anti-Bribery Policy Visit

 

Annual Reports

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Interim Condensed Consolidated Financial Statements for the period ended 30.06.2023 Open

Pillar 3 Disclosures

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cdbbank currently operates two business centers, one in Nicosia and one in Limassol, facilitating quick and personalised service. Our Client Relationship Officers ensure that you receive high-quality service at all times and that all your banking needs are catered with professionalism and a personal approach.

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