European Association of Co-operative Banks
Encyclopedia
The European Association of Co-operative Banks (EACB) is the supranational body for co-operative banks
, with member national governing bodies in 23 countries and an associate member in Switzerland.
The mission of the EACB is to represent and promote the interests of its members and co-operative banks in general. It lobbies the European institutions and informs its members of relevant European initiatives susceptible of impacting the banking sector. It also develops common positions (in the form of 'position papers') on European policy issues.http://www.eurocoopbanks.coop/default.aspx?nav=3.13
in France, with the most assets; and OP-Pohjola Group
in Finland with the highest market share in the union. http://www.eurocoopbanks.coop/default.aspx?nav=2.11.392
Cooperative banking
Cooperative banking is retail and commercial banking organized on a cooperative basis. Cooperative banking institutions take deposits and lend money in most parts of the world....
, with member national governing bodies in 23 countries and an associate member in Switzerland.
The mission of the EACB is to represent and promote the interests of its members and co-operative banks in general. It lobbies the European institutions and informs its members of relevant European initiatives susceptible of impacting the banking sector. It also develops common positions (in the form of 'position papers') on European policy issues.http://www.eurocoopbanks.coop/default.aspx?nav=3.13
Overview
The EACB covers 45.5 million members and its member institutions serve 139.4 million customers in more than 62,000 branches. Supported by 700,000 employees, EACB members hold a market share of around 14% in the European Union http://www.eurocoopbanks.coop/default.aspx?nav=2.11.392.Leading members
The largest members of the association are Deutsche Zentralgenossenschaftbank in Germany, which leads in most categories of size;Crédit AgricoleCrédit Agricole
Crédit Agricole S.A. is the largest retail banking group in France, second largest in Europe and the eighth largest in the world by Tier 1 capital according to The Banker magazine. It is also part of the CAC 40 stock market index....
in France, with the most assets; and OP-Pohjola Group
OP-Pohjola Group
OP-Pohjola Group comprises 229 independent member co-operative banks and the Group's statutory central institution, OP Bank Group Central Co-operative.The subsidiaries of the OP Bank Group Central Co-operative and their products include:...
in Finland with the highest market share in the union. http://www.eurocoopbanks.coop/default.aspx?nav=2.11.392
Relationship with the co-operative movement
The organisation is the financial representative of Co-operatives Europe http://coopseurope.coop/spip.php?rubrique18, and by extension its international counterpart the ICA. International Co-operative AllianceInternational Co-operative Alliance
The International Co-operative Alliance is a non-governmental co-operative federation or, more precisely, a co-operative union representing co-operatives and the co-operative movement worldwide. It was founded in 1895. The ICA maintains the internationally recognised definition of a co-operative...