Merkur Cooperative Bank is a Danish values-based bank, created in 1982 in Hjørring. Merkur bank is owned by over 5.500 cooperative shareholders and counts with 26,000 clients. In order to move towards a sustainable society, Merkur applies lending criteria that include environmental, social and ethical aspects in addition to financial considerations. Merkur Bank’s activities are based on three objectives: deliver to people the freedom to develop their abilities, treat people with dignity and foster production and consumption reflecting the real needs of society.
Merkur Bank is a founder member of the Global Alliance for Banking on Values and it is also an associate member of the European Federation of Ethical and Alternative Banks (FEBEA)
For more information about the European network (FEBEA): http://www.transitsocialinnovation.eu/resource-hub/credit-unions
Transformation of Merkur Civil Association into an Cooperative Bank
Merkur receives a large investment from a new shareholder (a Danish trust)
Expansion of Merkur Cooperative Bank facilitated by the millionaire investment of a new cooperative partner
2007-2008 Global Financial Crisis that forced Merkur to change their banking services and customer polices
2008-2010 Danish economic crisis
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