The Global Alliance for Banking on Values (GABV) is an organization of independent values-based banks.

Structure

The GABV consists of over 60 member banks,

credit unions A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision ...

and

microfinance Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings ...

institutions, from a total of 44 countries, serving more than 60 million customers. The group has 16 supporting partners, and in 2021 reported holding more than US$200 billion of annual

revenue In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover. Some companies receive reven ...

assets. Its headquarters are in

Amsterdam Amsterdam ( , , , lit. ''The Dam on the River Amstel'') is the Capital of the Netherlands, capital and Municipalities of the Netherlands, most populous city of the Netherlands, with The Hague being the seat of government. It has a population ...

, Netherlands.

History

The GABV was founded in 2009. Its founding members were

Triodos Bank Triodos Bank N.V. is an ethical bank based in the Netherlands with branches in Belgium, Germany, United Kingdom and Spain. It was founded in 1980. Triodos Bank finances companies which it believes add cultural value and benefit to both people a ...

ShoreBank ShoreBank was a community development bank founded and headquartered in Chicago. At the time of its closing it was the oldest and largest such institution, and in 2008 had $2.6 billion in assets. It was owned by ShoreBank Corporation, a regulated ...

BRAC Bank BRAC Bank is a private commercial bank in Bangladesh, operated by the BRAC development organisation, focused on Small and Medium Enterprises (SME). The bank has its head office in Dhaka, Bangladesh. It has 187 branches, 18 Premium Banking lounges ...

, Mibanco Peru, Alternative Bank Switzerland,

Merkur Bank MERKUR PRIVATBANK KGaA is an owner-managed listed German private bank with headquarters in Munich. History In 1959 Zanwel Horowicz as well as Motek and Hela Horowicz founded Merkur Bank Horowicz KG in Munich, which at that time was mainly limite ...

, GLS Bank, Banca Etica Adriatica,

New Resource Bank New Resource Bank is a San Francisco, California-based bank which is a part of Amalgamated Bank. The bank is insured by the Federal Deposit Insurance Corporation and offers commercial loan and deposit products, specializing in renewable and alter ...

and

XacBank XacBank (Mongolian: ХасБанк) is a Mongolia, Mongolian Bank, banking and Financial institution, financial services company headquartered in Ulaanbaatar. XacBank was founded in 2001 following the Mergers and acquisitions, merger of Goviin Ekh ...

. In 2010, the company had its first annual meeting in Bangladesh. The 2011 Lima Declaration demanded that value-based banks be recognized through appropriate regulation and not be adversely impacted by regulations intended to address issues related to mainstream banks. 2013 resulted in the first International Banking on Values Day, the creation of the Europe and North America regional chapters, as well as the Berlin Declaration. In 2014, the GABV's scorecard, a set of common impact metrics, which allows banks to report their social impact of a bank through a harmonised method, was launched. The ninth summit was held in

Kathmandu , pushpin_map = Nepal Bagmati Province#Nepal#Asia , coordinates = , subdivision_type = Country , subdivision_name = , subdivision_type1 = Province , subdivision_name1 = Bagmati Prov ...

, Nepal in 2017. This meeting concluded with the Kathmandu Declaration, a commitment to a long-term positive social impact towards renewing the whole banking system. In November 2022, BRAC Bank hosted the group's 13th in-person summit, in

Dhaka Dhaka ( or ; bn, ঢাকা, Ḍhākā, ), formerly known as Dacca, is the capital and largest city of Bangladesh, as well as the world's largest Bengali-speaking city. It is the eighth largest and sixth most densely populated city ...

, Bangladesh.

Notable members

* Alternative Bank Switzerland *

Amalgamated Bank Amalgamated Bank () is an American financial institution. It is the largest union-owned bank and one of the only unionized banks in the United States. Amalgamated Bank is currently majority-owned by Workers United, an SEIU Affiliate. Founded on ...

Bank Australia Bank Australia is an Australian customer-owned bank based in Collingwood, Victoria. The organisation can trace its origins back to 1957, when the CSIRO Co-operative Credit Society was formed. Over succeeding years, mergers among 72 other cred ...

Bank Muamalat Bank Muamalat Indonesia (BMI) is a commercial bank in Indonesia operating on the principles of Islamic banking. The bank was founded in 1991, based on the initiative of the Indonesian Council of Ulamas (MUI) and under the auspices of the Govern ...

Beneficial State Bank Beneficial State Bank (formerly One PacificCoast Bank, FSB; and OneCalifornia Bank) is an Oakland, California-based community development bank. The bank was founded in 2007 by billionaire philanthropist and former Presidential candidate Tom St ...

BRAC Bank Limited BRAC Bank is a private commercial bank in Bangladesh, operated by the BRAC development organisation, focused on Small and Medium Enterprises (SME). The bank has its head office in Dhaka, Bangladesh. It has 187 branches, 18 Premium Banking lounges ...

* Centenary Bank *

Cultura Sparebank Cultura Sparebank, branded as Cultura Bank, is a Norwegian savings bank in the ethical banking movement that uses its assets on ethical investments. The bank has offices in Oslo and has total assets of NOK 657 million (2014). Cultura's roots da ...

Ecology Building Society Ecology Building Society is a building society in the United Kingdom. It was established in 1981, is based in West Yorkshire, and has over 10,000 open accounts. The Ecology is a member of the Building Societies Association. The purpose of the ...

ESAF Small Finance Bank ESAF Small Finance Bank (formerly known as ESAF Microfinance and Investments Pvt. Ltd.) is an Indian small finance bank providing banking services and small loans to the underbanked. It was founded as a small finance bank in March 2017. ESAF Mi ...

* GLS Bank * Kindred Credit Union * Lift Above Poverty Organization *

MagNet Bank MagNet Bank (), known as the HBW Express Savings Co-operative () until 2010, is the only community bank in Hungary that practises ethical banking. It is owned by Hungarian citizens. MagNet Bank has a network of 12 branches along its center in the ...

National Cooperative Bank The National Cooperative Bank is a congressionally chartered cooperative bank in the United States created by the National Consumer Cooperative Bank Act of 1978 (Pub.L. 95-351). National Cooperative offers banking products and services to cooperat ...

SDB bank SDB bank, formerly Sanasa Development Bank, is a Sri Lankan bank serving the co-operative sector, founded in 1997. This bank has opened 94 branches in Sri Lanka. In 1997 SDB Bank was granted the status of Licensed Specialized Bank by the Central B ...

Southern Bancorp Southern Bancorp is a community development financial institution headquartered in Arkadelphia, Arkansas. It was founded in 1986 as Southern Development Bancorporation, and is often referred to simply as "Southern". With 43 locations, the orga ...

Unity Trust Bank Unity Trust Bank plc provides specialist banking services to trade unions, charities and other organisations that operate in the not-for-profit sector in the United Kingdom and, since December 2015, its remit has expanded to include profit-with-pu ...

Vancity Vancouver City Savings Credit Union, commonly referred to as Vancity, is a member-owned financial co-operative headquartered in Vancouver, British Columbia, Canada. By asset size, Vancity is the largest community credit union in Canada , with i ...

* Vdk bank * Verity Credit Union

References

{{reflist

External links

Official Website
*

Structure

History

Notable members

See also

References

External links