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About cdbbank


Shareholding Structure


% of shares
7Q Invest AIF V.C.I.C. PLC I Multi Opportunities 15.44%
7Q Holdings Ltd 2.75%
7Q Financial Services Ltd 1.80%
Path Holdings Ltd 17.53%
Constantinos Shiacolas 15.09%
Delphis Investments Ltd 12.96%
8Safe International Ltd 9.90%
Intergaz Ltd 8.78%
Loramina Trading Ltd 6.80%
Leon Investment SARL 4.86%
Leonidas Ioannou 3.49%
Sylvia Malgorzata Constantinou 0.22%
Argyro Nicolaou 0.20%
Panikos  Katsouris 0.11%
Antonios Yerolemou 0.07%



Management Body


Christodoulos Patsalides

Chairman, Non-Executive


Andreas Hadjikyrou

Vice Chairman, Non-Executive


Avgoustinos Papathomas

Senior Independent, Non-Executive


Stalo Koumidou



Konstantinos Mitropoulos



Christodoulos Plastiras



Dimitrios P. Sioufas



Loucas Marangos

Chief Executive Officer


Stella Avraam

Executive Member


Maria Agathokleous


Legal Advisers

Chryssafinis & Polyviou



Deloitte Limited


Registered Office

50 Arch. Makarios III Avenue Alpha House 1065, Nicosia CYPRUS


Organizational Structure 


General Management

Loucas Marangos, 

Chief Executive Officer

Born in 1971.  He was appointed as CEO and Member of the Management Body of the Bank in July 2021.  He has a strong financial markets experience and in-depth knowledge of local and overseas financial markets.  Prior to his appointment at the Bank, from 2009 to 2020 he was the CEO of TFI Markets Ltd.  He has also worked in the Corporate Banking Division of Bank of Cyprus and from 2000 to 2009 he has served as Associate Director Risk Manager of TFI Public Co. Ltd.  He holds a BSc in Accounting and Finance from London School of Economics and an MBA from Imperial College London.

George Spyrides,  General Manager Banking

George joined the Bank in 1986 and served the Bank from different positions throughout his career. He joined the Bank as Chief Accountant, was later involved in the establishment of cdbbank Russia where he served as Vice President for three years when he moved back to Headquarters and served as Manager of the Recoveries Department, Group Internal Auditor and then Group Risk Manager.  He is currently the General Manager of Banking. He is a qualified accountant with the Institute of Chartered Accountants in England and Wales and holds a B.Sc. degree in Economics & Accountancy from City University, London. 

Stella Avraam,

Group Chief Financial Oficer

Born in 1965.  She is an experienced banking professional having served in the banking sector for more than 25 years in various positions within the Finance Division setting.  She served as Acting CEO from December 2020 to July 2021.  She is a Member of the Bank’s Management Body and serves as the CFO since October 2016, while previously she was the Chief Accountant since January 2009.  She also serves at the Board of Directors of a number of subsidiaries of the Group. She is a qualified Accountant and a member of the Association of Chartered Certified Accountants and the Institute of Certified Public Accountants of Cyprus.  She also holds an MBA from the Cyprus International Institute of Management.






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.