GLS bank

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The head office of the German GLS Bank in Bochum, Germany in March 2007
The head office of the German GLS Bank in Bochum, Germany in March 2007

The GLS Bank (full name GLS Gemeinschaftsbank eG) is a German bank that was founded in 1974 as an anthroposophical initiative. It was the first bank in Germany that operated with an ethical philosophy.[1] According to GLS Bank, its focus is on cultural, social and ecological initiatives, initiated by people, and not anonymous interests seeking capital or maximum profit. The name stands for Gemeinschaftsbank für Leihen und Schenken which translates as Community bank for loans and gifts.

The bank is based in Bochum, Germany. As of November 2006, the bank's total balance was 645 million Euros.[1]

[edit] References

  1. ^ a b GLS Gemeinschaftsbank, summary by International Association of Investors in the Social Economy, December 2006. Summary report

[edit] External links

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