European co-operative banks expanded membership, consolidated their domestic market shares and accelerated their loan and deposit growth in 2019, according to a report by Anca Voinea appearing in Coop News.
According to a new report from the European Association of Co-operative Banks (EACB), the banks had a steady membership growth of 1.3% in 2019, to almost 86 million.
Written by Professor Hans Groeneveld of Tilburg University, the paper presents consolidated financial indicators of 18 co-operative banking groups in 13 European countries.
According to the paper, co-operative banks have entered the global health and economic crisis caused by Covid-19 in 2020 with solid capital buffers. The report found that key banking ratios did not differ significantly between co-operative banking groups and the entire banking sector in 2019.