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heading | value |
---|---|
Identifier | 170 |
Name | Cyprus Turkish Co-operative Central Bank Ltd. (KoopBank) |
Description | The co-operative movement in Cyprus was introduced at the beginning of the 20th century and the first co-operative society was founded in 1909. In 1937 the Co-operative Central Bank was founded. Its purpose was to provide credit for those member societies that are in need, through self-financing within the co-operative movement. According to the Constitution of Cyprus and the Treaty of Establishment enacted in 1959 when Cyprus acquired its independence, both the Cyprus Co-operative Central Bank and the co-operative movement ont he island were split in two separate parts, as Turkish and Greek Cypriot. Today, at the center of the co-operative credit system of hte Turkish Republic of Northern Cyprus is the Cyprus Turkish Co-operative Central Bank Ltd. (Koopbank), which was established in 1959 as a tertiary co-operative society. members of the bank are the co-operative societies, which are obliged by the co-operative law to deposit their liquid funds with the bank. Today, Koopbank provides the following services: It acts as the central banker to the local co-operative societies by giving loans to those societies in need and accepting deposits from those with surplus funds. |
Organisational Structure | Cooperative |
Primary Activity | Financial Services |
Activities | |
Street Address | 49 Mahmut Pasa Street Lefkosa (Nicosia) |
Locality | Via Mersin 10 |
Region | |
Postcode | |
Country ID | CY |
Territory ID | CY |
Website | http://www.koopbank.com |
Phone | |
Companies House Number | |
Qualifiers | |
Membership Type | Consumer/Users |
Latitude | 0 |
Longitude | 0 |
Geo Container | |
Geo Container Latitude | |
Geo Container Longitude |
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