European Federation of Ethical and Alternative Banks

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Description

"European Federation of Ethical and Alternative Banks (FEBEA) is comprised of 24 members across 11 European Union and 2 EFTA countries. They take on different legal forms (ethical banks, credit cooperatives, foundations) but they all share the same concern for transparency and for social and environmental benefits.

An ethical bank is a bank concerned with the social and environmental impacts of its investments and loans. Through their activity, credit unions and ethical banks promote social inclusion, sustainable development, the development of social economy and social entrepreneurship. Ethical finances put credit at the service of people and reinvest their profits in common objectives. They are deeply rooted in the territory in which they operate. Participation, transparency and social investment are the main principles of ethical banking." (http://www.transitsocialinnovation.eu/resource-hub/european-federation-of-ethical-and-alternative-banks-febea---spain)