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WEEKLY NEWSLETTER
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Cyprus
Index
The cooperative movement was established in Cyprus
during the
period of British rule to better the economic conditions
of farmers
and villagers. As of 1987, there were 257 active
cooperative
societies in the "TRNC." Most villages and towns had
cooperative
credit unions that provided savings and loan services for
members.
Loans were made both in cash and in kind (items needed for
farming)
to assist cooperative society members. One of the banks
operating
in the "TRNC" was the cooperative societies' own bank, the
Turkish
Cypriot Cooperative Central Bank. The government oversaw
the
activities of the societies through the Office of the
Registrar of
Cooperative Societies.
Data as of January 1991
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