The Women's Coop Bank, a non-profit organization, started its function in January 2001 in Larnaca under the jurisdiction of the Ministry of Commerce, Industry, and Tourism. The board members represent all districts and are banking experts, business owners, and academics, all offering their services on a voluntary basis.
The Women's Coop Bank is particularly sensitive towards enhancing women's entrepreneurial activity. Therefore, it is in the process of designing programs tailored on women entrepreneurs' needs in cooperation with the government and in the framework of European programs.