Cdbbank Cyprus deposits up 34%, loans up 26%; Opens Limassol branch

Cdbbank, formerly the Cyprus Development Bank that was privatised in 2008, opened its first branch in Limassol and its second islandwide last week, with executive chairman Rena Rouvitha Panou declaring that the bank will continue to enhance its retail services and its expansion plans with its Russian subsidiary moving to new premises in Krasnodar and the Global Capital financial services company continuing to offer investment and trading services. She said that deposits have grown by 34% and lending is up 26%.