cdbbank products, services and reviews

About cdbbank

cdbbank is a Cyprus-based institution operating under the legal name The Cyprus Development Bank Public Company Ltd and is licensed and supervised by the Central Bank of Cyprus. The bank focuses on corporate and international business banking rather than mass retail, offering business current accounts, time deposits, corporate lending (including working capital, term finance, trade finance), guarantees and letters of credit, cash management, international payments, and foreign exchange through its treasury. For individuals, it provides deposit accounts and relationship-led services but a comparatively narrow retail range. Distribution centers on a limited branch footprint (primarily Nicosia and Limassol), relationship managers, and e-banking; there is no extensive ATM network and card services may be more limited than at universal banks. Digital banking covers account monitoring and domestic/SEPA and cross-border transfers and uses strong customer authentication consistent with EU PSD2 requirements. Account opening follows EU AML/KYC standards; corporate and non-resident applicants should expect detailed documentation and onboarding timelines that vary with case complexity. Fees are set out in the published tariff, with charges for account maintenance, domestic and international transfers, cash services, trade instruments, and FX transactions; business pricing often depends on volume and service usage. Deposits are protected by the national Deposit Guarantee Scheme up to €100,000 per eligible depositor, per bank. Overall, the bank’s niche focus and limited physical infrastructure align with needs of internationally active businesses and professional clients seeking relationship-based services in Cyprus, while users requiring broad retail functionality or extensive self-service options may find the offering comparatively narrow.