Cooperative Banking in Europe Today: Conclusions
This chapter summarises the main trends that have affected cooperative banks from the beginning of the crisis, in particular as concerns tightening regulation, structural low return on traditional banking services and increasing digitalisation. While underlying the necessity to restore profitability as a fundamental prerequisite to sustain their way of doing banking, a few elements are also discussed in the light of further adapting the cooperative banks’ business models. In this respect, it is argued that a structured discussion should be launched as concerns the possibility to (1) rethink the concept of proximity, (2) embrace the policy movement supporting sustainability, (3) improve the way the cooperative difference in banking is communicated and (4) seize the possibilities of digitalisation and not leave the lead to fintech.
KeywordsCooperative banks evolution Proximity Sustainability Cooperative difference Cooperative banking brands Fintech
- Ayadi, R., De Groen, P. W., Sassi, I., Mathlouthi, W., Rey, H., & Aubry, O. (2016). Banking Business Models Monitor 2015 Europe.Google Scholar
- Ayadi, R., Llewellyn, D., Schmidt, R. H., Arbak, E., & De Groen, P. W. (2010). Investigating Diversity in the Banking Sector in Europe: Key Developments, Performance and Role of Cooperative Banks. CEPS Paperbacks.Google Scholar
- Bolton, P., Freixas, X., Gambacorta, L., & Mistrulli, P. E. (2013). Relationship and Transaction Lending in a Crisis. BIS Working Papers, No. 417.Google Scholar
- De Ory, J.-N., Serres, A., & Jaegger, M. (2012). Comment Résister à l’Effet de Normalisation des Banques Coopératives? La Revue des Sciences de Gestion, 258, 69–82.Google Scholar
- Richez-Battesti, N., & Leseul, G. (2016). Cooperative Banks in France: Emergence, Mutations and Issues. In S. Karofolas (Ed.), Credit Cooperative Institutions in European Countries. New York: Springer.Google Scholar