After the events of 1963 this mixed population Savings Bank transferred its headquarters and activities to the Turkish quarter of Mouttalos.

An application by 64 founding members was submitted on the 19.8.1963 and on the 13.9.1963 the Firm was registered by the -then -Greek Registrar of Co-operative Societies as follows:

Article 8 of the Co-operative Societies Laws (Chapt. 114 and of Law 28) 59)

Registration number 23/63

Regarding the application number 23/63 of the year 1963 in the district of Pafos.

Through the present I confirm that the Firm under the name GREEK CO-OPERATIVE SAVINGS BANK OF PAFOS LTD. and its regulations have been duly registered today under me in the "Register of Companies" in accordance to the Provisions of the Co-operative Societies Laws (Chapt. 114 and 28)59 Law) and the Co-operative Societies Statutes.
ADMINISTERED with my own signature in Nicosia, on the 13th day of the month September of the year 1963.

The Greek Co-operative Savings Bank of Pafos Ltd. is the only one in Cyprus that carries the name GREEK and its establishment in that tumultuous period of the modern history of Cyprus did -indeed -cover the huge void created in 1963.

The first General Assembly of the Greek Co-operative Savings Bank occurred on the 12.10.1963 and the first Trusteeship elected was consisted of the following:

Diogenes Papadopoulos was appointed as the first Secretary of the Savings Bank with a salary of 2 pounds per month and Kostas Michael took his position in the Trusteeship.

After 1964 Kosta Michael was replaced -due to his death -by Stefanos Maratheftis and in 1965 Nikos Geros replaced Christodoulos Konstantinou who withdrew.
The results presented by the Greek Savings Bank of Pafos in the first years of its operation was desperately poor, indicative of the weaknesses and the many hardships that it confronted. For the sake of history these records are displayed beneath:

Andreas Tsappis took over as the new Secretary in May 1967, replacing Diogenes Papadopoulos who withdrew, with a salary of 3 Cyprus Pounds per month and the Savings Bank shared housing with a bookstore which he himself kept and shared with radiologist Polykarpos Nikolaides.

During the decade of 1970 the course of the Savings Bank was ascending and after a decline in the 1980 period, due to the known problems that the Co-operative Movement encountered, the development of its operation and its progress were rapid and swift.

TODAY
Today the Greek Co-operative Savings Bank of Pafos Ltd. is the largest Co-operative credit Foundation of the district of Pafos and is one of the largest of Cyprus with a turnover that exceeds 60 million pounds, with savings of 55 million pounds, share and reserve capital of 4 million pounds, realty estimated to worth 2.5 million pounds, five department offices, personnel of 30 persons, and 8.000 members.

The Greek Co-operative Savings Bank of Pafos has evolved to a modern financial foundation, connected to Co-operative Computer Company with the most accomplished computerization systems that operate today in Cyprus and with a unique friendly attitude, simplicity and effectiveness, offering a complete spectrum of products and services that cover the multiple needs of its member and non-member clients -and of the wider public of the city and district of Pafos.