About us
Founded in 1970, the European Association of Co-operative Banks (EACB) is a leading professional lobbying association in the European credit industry. The EACB represents the common interests of co-operative banks and acts as their official spokesperson towards the European institutions.
The role of the EACB include:
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Working with Decision-Makers
The EACB supports a legislative and regulatory environment based on better regulation principles that fits and respects the co-operative banks business model; it voices the specificities of its members in order to enhance the diversity and the plurality of the European banking industry for the benefit of Europe’s citizens and small businesses.
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Promoting Co-operative Values
The EACB supports and promotes the values of the co-operative business model in European and international institutions. Central to these values are the principle of democracy – with the principle of “one person-one vote” at its core materialized by the co-operative share; a strong commitment to social values; and links with 65,000 bank branches – as an alternative to “shareholder value model” and financial markets-oriented institutions.
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Commitment
The EACB is fully committed to defending and promoting the unique qualities and values of the co-operative banks on behalf of its members in the European and international institutions. It is recognized as the official voice of co-operative banks at European and International level .by policy makers and regulators.
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Delivering Value-Added Services
The EACB’s concentions, seminars, workshops, publications and information allow its members and other co-operative organisations to increase their awareness and knowledge of European issues, keep them up to date with legislative and regulatory developments and offer them a platform to develop co-operation.
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“Due to their proximity to the local economy, cooperative banks are major players when it comes to financing businesses”
Günter Verheugen, Vice-President of the European Commission, at the 1st European Forum on “Co-operative Banks and SMEs” (Brussels, December 2007)
More quotes from European decision-makers on cooperative banks...