THE EUROPEAN ASSOCIATION OF CO-OPERATIVE BANKS (EACB)

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THE EUROPEAN ASSOCIATION OF CO-OPERATIVE BANKS (EACB)

The Voice of Co-operative Banks

The European Association of Co-operative Banks (EACB) represents, promotes and defends the common interests of its 27 member institutions and of cooperative banks, with regard to banking as well as to co-operative legislation.

Founded in 1970, today the EACB is a leading professional lobbying association in the European banking industry. Co-operative banks play a major role in the financial and economic system.

They contribute widely to stability thanks to their anti-cyclical behaviour, they are driver of local and social growth with 4,050 locally operating banks and 58,000 outlets, they serve 210 million customers, mainly consumers, SMEs and communities.

Europe’s co-operative banks represent 81 million members and 749,000 employees and have an average market share of about 20%.

Missions & Statutes

Interest Representation

As the official spokesperson towards the European institutions, the EACB commits to provide a high quality, credible voice for our 4,200 member banks. The expertise and professionalism of its staff allows the EACB to make relevant contributions in European Parliament committees, in the consultations of the European Institutions, in EU expert panels and in other relevant hearings. This input supplies co-operative banks with a frame to best serve their members and clients at a local level.

Dedication to its Members

According to the EACB’s governance principles, each full member is given the same weight in the decision-making process, regardless of its size, country of origin or its financial contribution. Furthermore, our credo “Everything we do – Everything you know” ensures the commitment of our Secretariat to inform, consult, consider and respect all opinions and advices from the members. Finally, the EACB supports the code of conduct on lobbying and is registered in the EU lobby register.

Promotion of Co-operative Values

The EACB supports and promotes the values of the co-operative business model in European and international institutions, offering an alternative to the “shareholder value model” and the financial market-oriented institutions. Central to these values is the principle of democracy “One person - One vote”. The core values of this business model of Co-operative banks are; democracy -materialised by the co-operative share, a strong commitment to social values and the proximity offered by the network of more than 68,000 bank branches to its customers.

 See more at: http://www.eacb.coop

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