What the Rural Development is

An account for agriculture and stockbreeding subsidies, which you can use for all interbank subsidies, according to the CAP (Common Agricultural Policy) rural development framework and the decisions of the European Commission and the Ministry of Rural Development and Food.

Required steps

  • Visit a Bank of Chania branch

  • Collect your account form (with IBAN number) or photocopy of your savings account

  • Visit your local Union of Agricultural Cooperatives or the respective OPEKEPE (national agricultural administration) cooperative


The Rural Development account offers the following benefits:

  • Immediate and comprehensive customer support

  • Account credited promptly on the next day of valeur date

  • Returns from the first cent, free of charge, regardless of the number and amount of transactions

  • Floating interest rate, according to the interest rates set by the European Central Bank

  • Possibility to prepay OPEKEPE subsidy at 80%, with a floating interest rate, according to the Bank’s lending rates catalogue

In order to open an account at the Cooperative Bank of Chania, you will need the following documents:

  • ID or Passport

  • Recent income tax statement

  • A bill from a Public Utility Organization or any other document certifying your address

  • Certificate of employment in case you are employed

  • A current phone bill confirming your phone number


Where applicable, you may be asked to provide further and/or different documents. Please visit or contact any Βranch of the Cooperative Bank of Chania.