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What is Ethical Banking? Global Banking Alliance for a Securities

Eleven of the major ethical and sustainable bank in the world have created a partnership to build a positive alternative to a global financial crisis. The eleven banks, assets totaling over 10 billion dollars and serve more than seven million customers in 20 countries around the world, have reached an agreement during a special meeting in the Netherlands between 2 and 4 March.

a Global Alliance with Bank Securities (Global Alliance for Banking on Values) was presented publicly last March 3 during an event at the headquarters of Triodos Bank in Zeist, the Netherlands, which was attended by Princess Maxima of the Netherlands, former member of the Advisory Group of the United Nations Financera Sectors Inclusive, and Achim Steiner, Executive Director of the United Nations Environment Programme.
a Global Alliance Bank Securities has been with the bank founded by Bangladeshi BRAC Bank - part of BRAC Group, the largest institution microcredit in the world, the U.S. cooperative bank ShoreBank and Triodos Bank, the European benchmark in sustainable and ethical bank. The remaining members are microcredit institutions and banks and credit unions dedicated to responsible financing. They will join the bank soon Kenyan microcredit K-Rep Bank, who could not attend the launch.

In his opening speech, Peter Blom, CEO of Triodos Bank, said: "Banks that have signed this partnership continue to grow profitably and addressing the financial crisis. These organizations started a banking business model that combines financial returns with social and environmental performance when it was unfashionable to do so. There is no single answer to the international financial crisis, but many. The heads of the eleven states gathered here have much to contribute to the international financial system. Together we are an extraordinary force for change, "said Blom.

The new partners plan to develop new lines of work, build organizations that fit better with the idea of \u200b\u200ba long-term sustainable development and new forms of ownership and economic cooperation. The partners believe that this new alliance is born at a particularly propitious, given the financial crisis and its profound and lasting influence throughout the world.

According to Fazle Hasan Abed, president of BRAC, "there is increasing economic dependence between countries and others, no matter where in the world in which we live. To address the problems we face, we need global action. We that these eleven banks have the potential to introduce innovative improvements in the financial world and start giving long-term solutions for communities and sectors unattended by traditional banks. "

"We will promote responsible finance, putting our experience to existing banks and helping to develop new ones," said Mary Houghton, president of ShoreBank Corporation. "We will spearhead the debate on the model banks that we believe can inspire profound changes in the financial industry dominance. Not only do we talk about change, we will work together to achieve it. Establishing the Alliance is of great importance to the need for a more sustainable economy. "

Banks of the alliance.

Alternative Bank ABS, Switzerland: www.abs.ch.

Banca Popolare Etica, Italy: www.bancaetica. com.

Banex, Success Bank, Nicaragua: www.banex.com.

BRAC Bank, BRAC Microfinance Programme, Bangladesh: www.brac.net and www.bracbank.com.

GLS Bank, Germany: www.
gls.de.
Merkur Bank, Denmark: www.merkurbank.dk.

Mibanco Microenterprise Bank, Peru: www.mibanco.com.pe.

New Resource Bank, the United States: www.newresourcebank.com.

ShoreBank Corporation, USA: www.shorebankcorp.com.

Triodos Bank, Netherlands, Belgium, Britain and Spain: www.triodos.com.

XacBank, Mongolia: www.xacbank.com.

requirements to be met by each entity to participate in the Global Alliance for a Bank with Values \u200b\u200bare:.

- be an independent bank and credit card, aimed at retail customers.

- managing a balance sheet total at least $ 100 million.

- and most significant: be directed to implement responsible lending and consider an approach to banking that reconciles economic efficiency with social and environmental performance.

For more information please contact:.
Sonia Felipe Larios. Communications Officer
.
Tel 91 788 60 17 / / 669 794 531.
E-mail: sonia.felipe @ triodos.es.
www.triodos.es. Europa Press Communication
: 91 359 26 00.

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