European Association of Co-operative Banks
From Wikipedia, the free 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 insitutions 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.[1]
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[edit] Overview
The EACB covers 45.5 billion members and supplies 139.4bn people in more than 62,000 branches. Supported by 700,000 employees, EACB members hold a market share of around 14% in the European Union[2].
[edit] Leading members
The largest members of the association are Deutsche Zentralgenossenschaftbank in Germany, which leads in most categories of size;Credit Agricole in France, with the most assets; and OP-Pohjola Group in Finland with the highest market share in the union. [3]
[edit] Relationship with the co-operative movement
The organisation is the financial representative of Co-operatives Europe[4], and by extension its international counterpart the ICA. International Co-operative Alliance
[edit] External links
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