The ADFIAP Board, in its 70th Meeting in Manila, has accepted the offers to host the 34th and 35th ADFIAP Annual Meetings of the Turkish Republic of Northern Cyprus Development Bank (TRNCDB) and the Development Bank of Turkey (DBT) in 2011 and 2012, respectively.

As earlier announced, the 33rd ADFIAP Annual Meetings will be hosted by the Business Development Bank of Canada (BDC) on May 10-12, 2010 in Vancouver, Canada.

TRNCDB was established in 1992 with the aim of providing low cost finance to selected sectors in accordance with the development plan of the government of the Turkish Republic of Northern Cyprus. By providing financing to private enterprises, the TRNCDB supplies vital support for the country’s economic development and it is the primary channel for low-cost, medium and long-term loans to selected sectors such as industry, tourism, health and education.

DBT was established in 1975 as a development and investment bank under the name of State Industrial and Workers’ Investment Bank to foster private industry and generate domestic capital with the objective of financing and rehabilitating the worker-owned companies. In 1989, Tourism Bank has merged with DBT to ensure efficient use of resources and to provide low-cost medium and long-term loans to private enterprises in industry and tourism.

DBT has been supporting environmentally-conscious projects and contributing to the development of environmental protection policies which are indispensable component of sustainable growth and development. In 2008, DBT has started working to get an ISO 14001 environmental management system (EMS). Today, DBT is a leading institution for development and sustainable growth.