An Ethical Bank for Croatia

A New Model of Banking for the Solidarity Economy

[Editor's note: these two documents from Croatia's EBank (English translation) lay out an alternative type of financial institution for solidarity economy projects and enterprises.  While utilizing an ownership structure similar to a credit union (all customers are owners with voting rights), Ebank will offer loans on very different terms than a standard bank or credit union.  As the executive summary states:

For business customers, EBank will provide the cheapest possible financing without any aim to make interest rate profits. Instead, EBank will participate in the profit of its financed projects, and reinvest this profit into the expansion and improvement of it services.

EBank also looks to bring alternative economic tools and practices into their sevice mix: from alternative currencies and barter networks to crowdfunding and p2p lending.  Embedded below is an executive summary and broad overview of the plan for the bank, as well as a selection of slides from an presentation made in October of 2014.    EBank is set to launch in the second half of 2015.]


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