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The Cooperative Central Bank (CCB) was founded in Cyprus in 1937 and is engaged in the provision of a wide range of retail, commercial banking and insurance services. CCB is regulated by the Central Bank of Cyprus and supervised by the ECB. The Republic of Cyprus is the major shareholder with a 77,34% ownership, followed by the Recapitalisation Fund with 21,88% ownership and the Cooperative Holding Company with 0,78% ownership, representing its Cooperative members. CCB is participating in international cooperative organizations and is associated with cooperative movements across the world. CCB has the largest branch network and number of ATMs in Cyprus and is a market leader in domestic deposits. It currently employs 2.668 persons. As at 31December 2016, CCB’s capital adequacy ratio stood at 15,42%, total equity amounted to €1,2 bn and total assets amounted to €14,1 bn.