EACB

European Association of Co-operative Banks

Legal status	International non-profit association
Headquarters	Brussels
Official language	English, French, German
Secretary General	Hervé Guider
Key people	G. HOFMANN,, President
Staff	12
Website	www.eacb.coop
Formerly called	Association of Co-operative Savings and Credit Institutions of the E.E.C

The European Association of Co-operative Banks (EACB) (GEBC in French), is the leading trade association for the co-operative banking sector with 28 member institutions and co-operative banks located in 23 countries worldwide. As the representative of the world’s largest cooperative banking cluster, the EACB is the voice of 4,050 small, regional and large member banks at European and international levels.

As an international non-profit Association based in Brussels, the EACB is recognised as a key interlocutor for cooperative banks by the regulators and supervisors at EU and International levels. The EACB works together with more than 200 experts from its member organisations. The association represents, promotes and defends the values of the co-operative banking model in Europe and on the global stage.

The EACB has the largest and most comprehensive policy resources for co-operative banks worldwide. These resources as well as important data on the co-operative banking sector are freely available on the EACB website.

Co-operative banks serve 210 million customers

Co-operative banks are mutual and private banks, owned by their 79 million members

Co-operative banks share common values and foster local growth and entrepreneurship through their 4,050 regional and local banks,59,000 branches

Co-operative banks employ 749,000 individuals nationally

Co-operative banks manage more than €7 trillion in banking assets

Co-operative banks safeguard €3,5 trillion in deposits

Co-operative banks extend more than €3,9 trillion in loans

Following an initiative launched by Mr. Johannes TEICHERT, a first meeting with representatives of the European Commission was held in December 1969 with the aim to create a representative body for credit co-operatives of the 6 EU-member states. Hence the Association of Co-operative Savings and Credit Institutions of the E.E.C. was officially created on October 1, 1970. The first statutes of the Association were signed at the end of 1971 by the following founding members:

The EACB is a European non-profit association, located and registered in Belgium. It is headed by a President and regulated by the Board and the Executive Committee. The General Manager, Mr. Hervé Guider leads the Secretariat based in Brussels.

The EACB supports the code of conduct on lobbying of the European Commission and is registered in the EU transparency register book (Transparency Book Register 4172526951-19).

The President is elected for 2 years with a mandate, which may be renewed once. He chairs the Board and the Executive Committee. The Board meets 3 to 4 times a year and defines the general policy. The Executive Committee is composed of 39 appointed Members, who endorse recommendations put forward by the Working Groups members. They meet three times a year. The activities of the EACB are articulated around Working Groups and Taskforces, covering topics from banking legislation to customer policy, CSR and Social Affairs.

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Wikipedia