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espectively. The Famagusta branch was estabiished in 1972 and established a
University (EMU 25 ) sub branch in 1988. The Girne (Kyrenia) branch was
established in 1980. In 1978 a separate Foreign Banking Division was set up;
formerly foreign services (letters of credit for the Industriai and Commercial
Divisions etc.) were provided by the Nicosia Branch. In 1962 the CTCCB set up an
insurance agency which was established as an agent of the Seker Insurance Co. of
Istanbul.
The opérations of the 11 non-banking divisions have been subdivided into
commercial and industriai divisions, both directly managed by the CTCCB in
Nicosia. Of the commercial division the oldest is the Nicosia Cold Stores,
Foodstuffs & Supplies Department, which was established in 1960, just after the
séparation of the co-operative movement by ethnicity. Before 1974 the Nicosia Cold
Stores, Foodstuffs & Supplies Department had stores in Limassol and Famagusta.
After the move north, the Limassol stores were replaced by stores in Karaoglanoglu
(Ayios Yeorgios, near Kyrenia). This gave the CTCCB stores in the main urban
centres, the two seaports and the airport in the north. The main function of this
division of the CTCCB has been to import groceries and other products but
especially vital products: Sugar, Grain, Salt. Eti and the Supplies Department of the
CTCCB have been the only importers of sugar and grain (for the recent 26
proportions imported by the latter, see Table 4.2 below). As one of these state or
quasi-state importerà proportion has dropped, the other's has increased 27 . Whilst
sugar was still officially a restricted trade even in 1995, grain was de-restricted in
1990. Despite the nominai existence of a free market, the import and distribution of
grain was essentially still controlled by Eti and the CTCCB who, alone with the
state Grain Commission, controlied the entire grain supply of northern Cyprus in
25 Eastern Mediterranean University, Famagusta.
26 Earlier data was unavailable, (interview with Mr Cafer Arseven, op. cit.).
27 Interview with Mr Gulhan Alp, op. cit.
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