European Association of Co-operative Banks
The European Association of Co-operative Banks (EACB) is an international non-profit association which was founded in 1970 and is based in Brussels. As the voice of co-operative banks in Europe and at an international level, it is a leading trade association in the financial sector, representing 28 national associations and their member banks.
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.
The EACB covers 50 million members and its member institutions serve 181 million customers in more than 65,000 branches. Supported by 777,500 employees, EACB members hold a market share of around 20% in the European Union. The EACB has 18 full member countries and 5 associate member countries which are carefully selected and must be co-operative banks within their own region that are supervised by an oversight within their own country.
Relationship with the co-operative movement
The organisation is the financial representative of Co-operatives Europe, and by extension its international counterpart the International Co-operative Alliance.
- "European Association of Co-operative Banks". Retrieved 9 May 2012.