The Centre for European Policy Studies (CEPS) launched on 4th December at the European Parliament the Banking Business Models Monitor 2014 for Europe (BBMM), a joint publication by CEPS, the International Research Centre on Financial Co-operatives and the International Observatory on Co-operatives at HEC Montreal. For the full Press Release, please click on READ MORE.
The EACB welcomes the results of this publication, which proves once again that co-operative banks have provided a liquidity and stability anchor to the real economy throughout the financial crisis.
The Monitor highlights how the co-operative banking sector has performed relatively well compared to savings and commercial banks. In particular, the sector has continued to suffer less during the financial crisis and the early stages of the economic crisis, to be more resilient to external shocks and to lend to the real economy.
For the further information and the full document, please follow this link.