About cdbbank
Corporate Governance
cdbbank acknowledges the need for compliance with the Corporate Governance Code of the Cyprus Stock Exchange 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.
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 Members | |
Name | Position |
| Mr. George Loizou | Chairman |
| Mr. Neoclis Nicolaou | Member |
| Mr. Andreas Loizou | Member |
| Mr. Menelaos Shacolas | Member |
Nominations and Remuneration Committee
At cdbbank, our Nominations and Remuneration 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.
Nominations and Remuneration Committee Members | |
Name | Position |
| Mr. Kyriacos Christofi | Chairman |
| Mr. Neoclis Nicolaou | Member |
| Mrs. Andri Georghiou | Member |
| Mr. George Loizou | Member |
| Mr. Menelaos Shacolas | 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 |
| Mr. Andreas Loizou | Chairman |
| Mr. George Pavlides | Member |
Policies | |
| Whistle Blowing Policy | Visit |
| Fitness and Probity Policy | Visit |
| Conflict of Interest Policy | Visit |
| Anti-Bribery Policy | Visit |
Pillar 1 Calculations | |
| Review of Pillar 1 Calculations - Report 31st July 2017 - file format 'PDF' (165 Kb) | Open |
Annual Reports
| Annual Report 2017 (English) - file format 'PDF' (7MB) | Open |
Pillar 3 Disclosures
| Pillar 3 Disclosures - Year Ended 31 Dec 2017 - file format 'PDF' (1.3 Mb) | Open |
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CONTACT INFORMATION
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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