Giving another

meaning

to money

FEBEA is a non-profit organisation that gathers financial institutions from different European countries with the aim of developing ethical and solidarity-based financial models in Europe. Working together, each in their own country, ethical financiers join forces in a Federation based in Brussels.

DISCOVER

What is ethical finance?

Ethical Finance empowers people to control the use of their money, supporting local communities, social economy, and sustainable development. Originating from citizens-led movements 30 years ago Ethical Finance aims to use savings and investments for the common good.

Learn more
  • Placing the economy at the SERVICE OF CITIZENS
  • Fighting AGAINST EXCLUSION
  • Participing in territorial and REGIONAL DEVELOPMENT
  • Contributing to SUSTAINABLE DEVELOPMENT, SOLIDARITY AND SOCIAL COHESION
  • Supporting INNOVATIVE social or environmental projects

ETHICAL FINANCIERS

Our members finance

A different use of money

View all members
  • The creation of jobs, social employment in particular
  • Social enterprises and social economy
  • Social, environmental and cultural initiatives
  • The third sector
  • New forms of social entrepreneurship
  • People or groups of people who are subject to social or professional exclusion or are unbanked
  • Sustainable development: renewable sources of energy, organic farming, biodiversity, etc.

Find ethical banks

Europe

Navigate the Map

To navigate the map, click on any of the available countries.

Hold, click and drag the cursor across the screen to move around.

Click on the yellow points on the map to learn more about FEBEA’s members.

Select the house icon on the bottom left corner to zoom out and select a different country.

An umbrella

organization

FEBEA aims at promoting alternative and ethically driven finance, implementing a comprehensive perspective of social and sustainable practices in European policies, avoiding green and social washing and representing the aims of ethical financiers before European institutions.

Discover our work

Meet our team

Daniel Sorrosal

Secretary General

Aurora Prospero

Network Manager

João Fialho

Interim Network Manager

Valentina Patetta

Policy Manager

María Elejalde Elcuaz

Communication Officer

Joanna Ngalula

Project Manager

Darío Gómez-Cornejo

Project & Operations Officer

Marion Le Boulch

Project Manager

Anna Ghilardi

Policy and Projects Officer

Jonas van Diepen

Policy and Projects Officer

Governance

FEBEA is governed by three main bodies:

General Assembly

It operates by the principle of one member, one vote. It is composed by all the members of FEBEA. The associate and partner members are invited to attend, but have no voting rights. The General Assembly is held at least once a year.

Board of Directors

It comprises a maximum of 15 members, who are elected by the General Assembly and in charge for 3 years. The current Board of Directors has 11 members, 2 advisors and will be in charge until 2026.

Executive Committe

It is a subgroup of the Board of Directors and it is responsible for FEBEA’s operational management.The current Executive Committee comprises the Chairman, the Vice-Chairman, the Treasurer and 2 Board members.

Board of directors

Pedro M. Sasia

Chairman
Funding Member

Panagiotis Tournavitis

Vicechairman
COOPERATIVE BANK OF KARDITSA

Anne Sophie Bougouin

Treasurer
SIDI

Sebastien Fosseur

Crédal

Dany Maklouf

CREDIT COOPERATIF

Etienne Bonvin

ALTERNATIVE BANK SUISSE

Bernard Horenbeek

LA NEF

Giacomo Pinaffo

SEFEA HOLDINGS

Andrea Baranes

BANCA ETICA

Blandine Denoncin

FRANCE ACTIVE

Michał Handzlik

TISE SA

Donal Traynor

COMMUNITY FINANCE IRELAND

Dominique Lesaffre

Advisor to the board

Wlodzimierz Grudzinski

Advisor to the board

Our partners

Social Economy Europe

Contact Us

If you have any questions or enquiries, please feel free to contact our team.

Questions
Our team

Stay in touch!

Subscrite to our monthly public newsletter

secretariat@febea.org

Rue des Alexiens 16/B, 1000 –
Brussels – Belgium

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Portugal

CRESAÇOR

Type of organisation

Cooperative of Organizations

CRESAÇOR is a cooperative of 33 organisations dedicated to promoting the social economy in the Azores islands. Guided by the principles of the solidarity economy, it addresses 21st-century challenges such as unemployment, poverty, social exclusion, multiculturalism, and territorial cohesion. The cooperative also runs microcredit program to support local and small entrepreneurs. CRESAÇOR originated from the Poverty Combat Project.

Website

Portugal

FESCOOP

Type of organisation

Network of Ethical finance promoters.

Network of citizens, professionals, and organisations promoting ethical finance in Portugal.

Website

Malta

APS Bank

Type of organisation

Retail BanK

APS Bank is the only Maltese bank owned by Maltese citizens and dedicated to supporting the real economy of the island. In the current financial landscape, this commitment reflects a profound vision of the role of money. As one of Malta’s oldest financial institutions, APS Bank provides a comprehensive array of personal, business, and investment services, all aimed at fostering the economic and social development of the local community.

Website

Spain

Colonya Caixa Pollença

Type of organisation

Savings Bank

Founded in 1880, Colonya pioneered ethical savings in Spain. Caixa Pollença, with its strong regional focus on the Balearic Islands, is dedicated to financing the local economy. They serve small communities that larger banks overlook, driven by a mission to support local economies with essential financial services.

Website

Spain

Coop57

Type of organisation

Credit Cooperative

Coop57 is a financial cooperative that channels funds from its shareholders to member companies. Based in Barcelona, they operate across Spain with a strong focus on the Social and Solidarity Economy. Coop57 boasts a robust governance system centered on the general assembly and self-management. Unlike traditional banks, Coop57 clients must first become members, ensuring the application of ethical and social criteria.

Website

Spain

Fundación Finanzas Éticas

Type of organisation

Foundation

The Fundación Finanzas Éticas is part of the Banca Etica Group. The organisation contributes to the development of the Social and Solidarity Economy and Social Enterprises through complementary financing programmes, in addition to those already offered by Fiare Banca Etica in Spain. It promotes citizen activism for the transformation of the economic system, often collaborating with other social actors directly involved in issues such as combating climate change, addressing energy poverty, respecting human rights, and other related matters.

Website

Spain

Seed Capital Bizkaia

Type of organisation

Public financial institution

Seed Capital Bizkaia is a public financial institution based in the Basque region of Bizkaia, Spain. Established in 1989, it operates under the Department of Economic Promotion of the Provincial Council of Bizkaia. The organization is responsible for administering and managing a variety of financing instruments aimed at fostering business development.

Website

Spain

Fundació Seira

Seira - impuls

Type of organisation

Foundation

Promoted by the Federation of Work Cooperatives of Catalonia, SEIRA Foundation is leveraging smart and relevant financing so that the workers’
cooperative of Catalonia can reinforce their activities and services to their members, as well as their own assets.

Website

Italy

Banca Popolare Etica

Type of organisation

Cooperative Bank

Banca Popolare Etica is a transnational cooperative operating in two countries: Italy and Spain. It emerged from the third sector through a mix of different organizations and is the bank of the social economy in both countries. It is a bank focused on building a better society through social and environmental impacts on local territories. It has a very strong social base with many mechanisms to incorporate it into the decision-making process of the bank.

Website

Italy

Cassa Centrale Banca

Type of organisation

Cooperative Banking Group

Cassa Centrale Banca is a consortium of Italian cooperative banks united by shared principles. Based in Northern Italy, they provide central services for cooperative banks nationwide. The group values diversity and upholds local identity as a core principle. With a strong focus on the regional economy, the network promotes local economic and social well-being.

Website

Italy

Fondazione di Comunità Messina

Type of organisation

Social Economy cluster

Cluster of social economy organizations promoting social and economic development in the Messina area of Sicily and dedicated to creating new economic activities in the territory. Comprised of three foundations in one: a microfinance institution (MFI), SEFEA holding, and an additional entity. The original purpose is social inclusion through housing, entrepreneurship, and personal development. It is focused on the promotion and development of the local culture, and it maintains international relations with European and Mediterranean social economy partners. It is also engaged in the development of public infrastructure.

Website

Italy

SEFEA HOLDING

Type of organisation

Cooperative

SEFEA HOLDING S.C. is an Italian cooperative financial institution established to advance ethical finance across Europe. Founded in 2002, it aims to foster the growth of financial practices that align with ethical and social values. The company operates from its headquarters in Padova and is dedicated to supporting the development of ethical financial solutions and initiatives.

Website

Switzerland

Banque Alternative Suisse SA

Type of organisation

Bank

Founded in 1990, BAS is Switzerland’s only alternative bank. Operating in two languages, it champions environmental sustainability, social responsibility, and transparency. The bank endorses sociocracy, empowering employees to self-organize. BAS prioritizes the common good over profit maximization and opposes speculation and tax havens. While offering standard banking services such as investment, savings, and lending, BAS ensures all operations follow strong ethical principles.

Website

Ireland & UK

Community Finance Ireland

Type of organisation

Company and Charity

Community Finance Ireland is a transnational financial services charity operating in both Southern and Northern Ireland, envisioning one united island. Focused on boosting local communities, they finance Gaelic sports clubs, social enterprises, and community projects. “Our clients can see what’s missing in their communities and they can dream of the change needed.” – CFI

Website

Ireland & UK

Community Finance Ireland

Type of organisation

Company and Charity

Community Finance Ireland is a transnational financial services charity operating in both Southern and Northern Ireland, envisioning one united island. Focused on boosting local communities, they finance Gaelic sports clubs, social enterprises, and community projects. “Our clients can see what’s missing in their communities and they can dream of the change needed.” – CFI

Website

Belgium

Crèdal

Type of organisation

Credit Cooperative

Crédal comprises a credit cooperative and 3 NGOs. It was born from the anti-apartheid Belgian movement of thee 1980s and it now operates in the French-speaking South of Belgium. Crédal’s credit focuses on the Social Economy, the Third Sector, the food chain and agriculture. It also provides microloans to entrepreneurs, impact loans to Social Enterprises, and consumer loans to vulnerable or excluded individuals.

Website

Belgium

Hefboom

Type of organisation

Credit cooperative

Hefboom is a Flemish credit cooperative that focuses on promoting and supporting social and sustainable investments. Hefboom provides financing solutions and investment opportunities aimed at social enterprises and projects that deliver positive social and environmental impacts in Flanders.

Website

Belgium

Inpulse

inpulse

Type of organisation

Investment Fund

Inpulse specialises in social investments and microfinance. It supports alternative investment funds that provide long-term financing to socially driven financial intermediaries. Operating in Belgium, Poland, and France, Inpulse manages four Microfinance Investment Vehicles (MIVs) with a total capacity of EUR 78.2 million, aiming at creating positive social impacts while delivering competitive returns.

Website

Croatia

ZADRUGA ZA ETICNO FINANCIRANJE (Cooperative for ethical financing)

Type of organisation

Social Cooperative

The Cooperative for Ethical Financing is a non-profit organization comprising organizations and individuals committed to promoting a democratic, transparent, just, and socially and environmentally responsible economy. It advises social enterprises on business development and financial tools. Members, as co-owners, democratically decide on key issues and elect the governing body.

Website

Greece

Cooperative Bank of Chania

Type of organisation

Credit Cooperative

Founded in 1995 in Crete, this cooperative bank gradually expanded throughout Greece. Embracing the theme “Participation makes the difference,” it emphasizes employee participation and collective effort as keys to its success. With a strong focus on the local economy, it supports activities crucial to Crete’s economy: olive oil production, urban development, and the promotion of Cretan food products. The bank emphasizes trust, reliability, and consistency, laying a solid foundation for a shared future.

Website

Greece

Cooperative Bank Of Karditsa

Type of organisation

Retail Bank

The Cooperative Bank of Karditsa strongly focuses on the local economy, sustainability, social inclusion, local development, and agriculture. Recently described as the “Best bank in Greece” by the governor of the Bank of Greece, it prioritises transparency, security, and reliability. Committed to ensuring financial flexibility, it offers services to citizens with no access to bank accounts, such as temporary workers, and provides its webpage in multiple languages, including Arabic and French. The bank works closely with ANKA, the Development Agency of Karditsa, to address various regional needs.

Website

France

Credit Cooperatif

Type of organisation

Retail Bank

Credit Cooperatif was born as the bank of the third sector in France. It is a retail bank that offers its services throughout the whole country. Focused on the local economy, social economy, and sustainability, it is a cooperative bank with its governance based on citizen participation.

Website

France

Femu Qui

Type of organisation

Investment company

More than 2,000 “subscribers,” as they call the shareholders. People, professionals, and organizations focused on local economic development and employment. Based in Corsica. Long-time members of FEBEA.

Website

France

La Nef

Type of organisation

Cooperative Bank

La Nef is a banking cooperative that has been bringing together professionals and individuals since 1988 to build a more just and sustainable society. It advocates for healthy and transparent finance, choosing to only fund projects that have ecological, social, or cultural added value.

Website

France

France Active

Type of organisation

Social Economy financier

France Active is an organization dedicated to solidarity finance, which involves using financial resources to promote social and economic inclusion. For over three decades, France Active has been assisting and providing financial support to businesses, focusing on those that contribute positively to society.

Website

France

SIDI

Type of organisation

Social investor

SIDI is a French organisation that supports sustainable development through finance. Founded in 1983, it focuses on providing funding and support to microfinance institutions and social enterprises in developing countries, aiming at promoting economic growth, financial inclusion, and social progress.

Website

France

SOCODEN

Type of organisation

Cooperative

Socoden is a French cooperative financial institution established in 2001, dedicated to funding and supporting social enterprises with a positive societal impact. It focuses on ethical and responsible finance, prioritizing social and environmental benefits over purely financial returns. Socoden mobilizes resources from members and partners to support sustainable development and social inclusion projects.

Website

Norway

Cultura Bank

Type of organisation

Savings Bank

Cultura Bank stands out as the sole Norwegian bank that provides depositors with detailed information on where their money is invested, with each loan evaluated based on social and environmental criteria. Offering a wide array of banking services such as current and savings accounts, business loans, and mortgages.

Website

Norway

Erste Social Finance

Type of organisation

Private Company

Erste Social Finance Holding is a collaborative effort between Erste Group Bank AG and ERSTE Foundation. Operating as a social enterprise, its focus lies on generating positive social impact alongside sustainable financial outcomes.Serving as a social finance investor and intermediary in Central and Eastern Europe, Erste Social Finance Holding invests in financially viable social business models and pioneers innovative social finance instruments.

Website

Austria

Genossenschaft für Gemeinwohl

Type of organisation

Cooperative

Genossenschaft für Gemeinwohl (“the Cooperative for the Common Good”) contributes to changing the monetary and financial system in Austria. They provide financial, educational, and democratic services. GfG offers operating bank accounts for responsible citizens concerned about the use of their money.

Website

Germany

European Center for Social Finance

Type of organisation

Research Center

The European Center for Social Finance was created to help establish best practices and distribute knowledge in financing social services provision and in developing social innovation. The research center is specialized in EU policies, social finance, Social Economy, and impact investment. It is a partner of FEBEA in research, training, and capacity-building activities.

Website

Poland

TISE

Type of organisation

Non-banking financial institution

Towarzystwo Inwestycji Społeczno-Ekonomicznych TISE SA (Social and Economic Investment Company TISE) provides loans to micro, small and medium enterprises as well as social economy entities. The Company was established in 1991. It is fully owned by Poznański Bank Spółdzielczy. In the first years of its activity TISE focused on financing small and medium enterprises through venture capital, credit guarantees and subordinated loans. Since 2008 TISE’s main activity consits in providing loans to SMEs and NGOs. Funds for the loans come primarily from various EU programs aimed at supporting both small businesses and the social economy. TISE is one of the biggest intermediaries for such loan programs in Poland. It is a long standing and verified partner for the Polish Development Bank (BGK) and the European Investment Fund.

Website

Romania

Social Finance Association (SFA)

Type of organisation

Non-banking financial institution

AFIN is a pioneering non-banking financial institution in Romania, distinguished by its focus on providing alternative financial solutions to the social economy sector. This institution, funded entirely with Romanian capital, seeks to support businesses and projects that contribute to social and environmental betterment. By offering financing options, AFIN helps social impact enterprises that have surpassed the initial start-up phase and require additional capital to expand and enhance their operations.

Website

Germany

European Center for Social Finance

Type of organisation

Research Center

The European Center for Social Finance was created to help establish best practices and distribute knowledge in financing social services provision and in developing social innovation. The research center is specialized in EU policies, social finance, Social Economy, and impact investment. It is a partner of FEBEA in research, training, and capacity-building activities.

Website

Denmark

Merkur Bank

Type of organisation

Retail Bank

Merkur is Denmark’s value-based financial institution – they work for a better world for people, nature, and the environment.

Website

Slovakia

Social Innovatori

Type of organisation

Investment cooperative

Sociálni Inovátori created in 2017, is a cooperative that acts as an intermediary in securing financing for social enterprises in Slovakia. They have the goal of creating a functional infrastructure and ecosystem for impact entrepreneurs and all future solvers of societal challenges.

Website