What is a Co-operative bank ?
The Co-operative Difference : Sustainability, Proximity, Governance
Co-operative banks are key actors in the European society. They provide access to finance at local level and are widespread even in remote areas of the continent. More than 68,000 outlets offer close and unique relationships with customers. The European co-operative movement also reflects the tradition of responsibility and social cohesion since their creation in the 19th Century. Their wide-ranging networks oftenmake them the main employers and taxpayers in their own regions. Co-operative banks employ approximately 860,000 people in Europe.
Emphasising the common good of society. Co-operative banks play a key role in local and regional development by reinvesting capital at the local level.
Members control their bank. Customers and members of co-operative banks are represented in the bank’s governance structure.
Closest to the customers. Local co-operative banks usually have a good physical proximity, thanks to their dense networks of branches.
Trust is the key of the relationship between a bank and its customers. This means that their operations are set to serve the customers’ interests.
Solid adapting to changing circumstances. Co-operative institutions can adapt to changing circumstances and re-invent themselves more so than other banks.
Supporting and operating nearby. They naturally take initiatives, aiming to improve the clients’ environment and provide financial services.
What they says about us
Herman Van RompuyFormer President of the European Council
"Europe needs strong, solid and diverse financial institutions. They should provide credit and services to the small and medium-sized companies. Citizens need to regain trust in the stability of our financial institutions and in their ability to provide credit for their projects..."