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Bank of Cyprus to acquire cdbBank successfully

PRIVATEOct 13, 2026

Acquiring Company

Bank of Cyprus

Acquired Company

cdbBank

NicosiaFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBanking

Description

Bank of Cyprus is set to complete its acquisition of cdbBank following the successful implementation of a voluntary retirement scheme. This acquisition will see around 50 to 60 employees from cdbBank joining Bank of Cyprus. The transfer is expected to finalize with official announcements anticipated before the end of October 2026, pending regulatory approvals. The banks aim for a smooth transition for customers to continue using their existing services.

Company Information

Company

Bank of Cyprus

About

Bank of Cyprus is a leading financial institution that offers a wide range of banking and financial services. The bank has made significant strides in expanding its business, including notable acquisitions and innovations in digital offerings. Its commitment to supporting customers and the Cypriot economy is at the forefront of its operations. The bank aims to provide sustainable returns and create value for its shareholders.

Fundz sees it the moment Bank of Cyprus makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Frequently asked

Who acquired cdbBank?

cdbBank was acquired by Bank of Cyprus. The deal was reported on October 13, 2026. Bank of Cyprus is a leading financial institution that offers a wide range of banking and financial services. Bank of Cyprus is privately held and operates in Financial Services.

When did Bank of Cyprus acquire cdbBank?

Bank of Cyprus's acquisition of cdbBank was reported on October 13, 2026. Bank of Cyprus is set to complete its acquisition of cdbBank following the successful implementation of a voluntary retirement scheme. This acquisition will see around 50 to 60 employees from cdbBank joining Bank of Cyprus. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does cdbBank do?

cdbBank is a licensed bank operating within the European Union, providing various banking and financial services. The bank has been a notable player in the Cypriot banking sector, focusing on customer-centric banking solutions. It is privately held, operating in Financial Services, and is based in Nicosia.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.