|Thomas Jorberg, President|
|AUM||€ 4.1 billion (2016)|
Number of employees
GLS Bank (full name GLS Gemeinschaftsbank eG) is a German ethical bank that was founded in 1974 as an anthroposophical initiative by Wilhelm Ernst Barkhoff and Gisela Reuther. It was the first bank in Germany that operated with an ethical philosophy.According to GLS Bank, its focus is on cultural, social and ecological initiatives, initiated by people, and not anonymous interests seeking capital or maximum profit. The name stands for Gemeinschaftsbank für Leihen und Schenken which translates as Community bank for loaning and giving. With the main focus on cultural, social and environmental ventures, GLS tries to deal with challenges in the society by developing creative solutions.
An ethical bank, also known as a social, alternative, civic, or sustainable bank, is a bank concerned with the social and environmental impacts of its investments and loans. The ethical banking movement includes: ethical investment, impact investment, socially responsible investment, corporate social responsibility, and is also related to such movements as the fair trade movement, ethical consumerism, and social enterprise.
Anthroposophy is a philosophy founded in the early 20th-century by esotericist Rudolf Steiner that postulates the existence of an objective, intellectually comprehensible spiritual world, accessible to human experience. Followers of anthroposophy aim to develop mental faculties of spiritual discovery through a mode of thought independent of sensory experience. They also aim to present their ideas in a manner verifiable by rational discourse and specifically seek a precision and clarity in studying the spiritual world mirroring that obtained by natural historians in investigations of the physical world.
Wilhelm Ernst Barkhoff was a German solicitor, founder of anthroposophically oriented alternative banking, the GLS Bank, reformer of the German welfare system and inspirer of the movement for Ethical banking.
The bank is based in Bochum, Germany and is a co-operative. As of November 2006, the bank's total balance was EUR 645 million.As of 31 December 2008, the balance sheet total was EUR 1,013 million, further rising to EUR 1,847 million as of 31 December 2010.
Bochum is the sixth largest city of the most populous German federal state of North Rhine-Westphalia after Cologne, Düsseldorf, Dortmund, Essen and Duisburg, and its 364,920 (2016) inhabitants make it the 16th largest city of Germany. On the Ruhr Heights (Ruhrhöhen) hill chain, between the rivers Ruhr to the south and Emscher to the north, it is the second largest city of Westphalia after Dortmund, and the fourth largest city of the Ruhr after Dortmund, Essen and Duisburg. It lies at the centre of the Ruhr, Germany's largest urban area, in the Rhine-Ruhr Metropolitan Region, and belongs to the region of Arnsberg. It is surrounded by the cities of Herne, Castrop-Rauxel, Dortmund, Witten, Hattingen, Essen and Gelsenkirchen. Bochum is the sixth largest and one of the southernmost cities in the Low German dialect area. There are nine institutions of higher education in the city, most notably the Ruhr University Bochum, one of the ten largest universities in Germany, and the Bochum University of Applied Sciences.
In 2015, the bank received the first German Award for Excellence from the Deutschen Gesellschaft für Zertifizierung (German Certification Group).The award was granted to honor the bank's fair business practices.
DQS Holding GmbH based in Frankfurt am Main is the holding company of the worldwide DQS Group. The group provides assessments and certifications of management systems and processes of any type.
In December 2016 at the annual general assembly, about 80% of the 1200 people present at the assembly decided to introduce the GLS Beitrag.
In 2010, the bank acquired over 18,000 new customers and in February 2011 GLS announced a growth of 37 per cent, the largest in the bank's history.As of December 2016 the Genossenschaft (co-operative) has 46.313 members, compared to December 2015 with 41.982 members this is a growth of 10.3%.
The economy of Switzerland is one of the world's most advanced free market economies. The service sector has come to play a significant economic role, particularly the Swiss banking industry and tourism. The economy of Switzerland ranks first in the world in the 2015 Global Innovation Index and the 2017 Global Competitiveness Report. According to United Nations data for 2016, Switzerland is the third richest landlocked country in the world after Liechtenstein and Luxembourg, and together with the latter and Norway the only three countries in the world with a GDP per capita above US$70,000 that are neither island nations nor ministates.
The University of Münster is a public university located in the city of Münster, North Rhine-Westphalia in Germany.
The University of Freiburg, officially the Albert Ludwig University of Freiburg, is a public research university located in Freiburg im Breisgau, Baden-Württemberg, Germany. The university was founded in 1457 by the Habsburg dynasty as the second university in Austrian-Habsburg territory after the University of Vienna. Today, Freiburg is the fifth-oldest university in Germany, with a long tradition of teaching the humanities, social sciences and natural sciences. The university is made up of 11 faculties and attracts students from across Germany as well as from over 120 other countries. Foreign students constitute about 18.2% of total student numbers.
The European Cooperative Society is, in company law, a European co-operative type of company, established in 2006 and related to the European Company (SE). European Cooperative Societies may be established, and may operate, throughout the European Economic Area. The legal form was created to remove the need for co-operatives to establish a subsidiary in each Member State in which they operate, and to allow them to move their registered office and head office freely from one Member State to another, keeping their legal identity and without having to register or wind up any legal persons. No matter where they are established, SCEs are governed by a single EEA-wide set of rules and principles which are supplemented by the laws on co-operatives in each Member State, and other areas of law.
The Co-operative Bank plc is a retail and commercial bank in the United Kingdom, with its headquarters in Balloon Street, Manchester.
The Indian Ocean Commission is an intergovernmental organization that was created in 1982 at Port Louis, Mauritius and institutionalized in 1984 by the Victoria Agreement in Seychelles. The COI is composed of five African Indian Ocean nations: Comoros, Madagascar, Mauritius, Réunion, and Seychelles. Notwithstanding their different characteristics, the five islands share geographic proximity, historical and demographic relationships, natural resources and common development issues.
The Phone Co-op is a consumer co-operative in the United Kingdom, which provides landline, mobile telephone and Internet services, including web hosting and broadband. Now part of the Midcounties Co-operative, the largest independent co-operative in the UK, it is owned by its customer-members who democratically control the business and who share in its profits. This makes The Phone Co-op the only telephone co-operative in the UK.
Triodos Bank N.V. is a bank based in the Netherlands with branches in Belgium, Germany, United Kingdom and Spain. It claims to be a pioneer in ethical banking. Triodos Bank finances companies which it thinks add cultural value and benefit both people and the environment. That includes companies in the fields of solar energy, organic farming or culture. The name Triodos is derived from the Greek "τρὶ ὁδος - tri hodos," meaning "three roads". Triodos Bank's balance sheet was worth EUR 5.3 billion by the end of 2012. The bank was founded as an anthroposophical initiative and continues to honor the work of Rudolf Steiner as the inspiration for its approach to banking.
Cultura Sparebank, branded as Cultura Bank, is a Norwegian savings bank in the ethical banking movement that uses its assets on ethical investments. The bank has offices in Oslo and has total assets of NOK 657 million (2014).
The German banking system is structured in three different pillars, totally separated from each other. They typically differ in their legal form and the ownership. Private banks, represented by banks like Deutsche Bank or Commerzbank as listed companies, and Hauck & Aufhäuser or Bankhaus Lampe as less known private companies, are part of the first tier. The second tier is composed of co-operative banks like the numerous Volksbanken and Raiffeisenbanken. They are based on a member-structure where each member, independently from its capital share, has one vote. The third tier consists of public banks, which are a legally defined arm of the banking industry in Germany. They are further divided into two main groups.
Places for People (PfP) is one of the largest property management, development, regeneration companies and leisure companies in the UK.
Erste Group Bank AG is one of the largest financial services providers in Central and Eastern Europe serving 15.7 million clients in over 2,700 branches in seven countries
Adarsh Co-operative Bank Ltd., is a Multi-State Co-operative Bank that had begun operations in 1972, at Sirohi of Rajasthan with a motive to create an autonomous association of persons united voluntarily to meet their common, economic, social and cultural needs.
DCB Bank Limited is a private sector scheduled commercial bank in India. It has a network of 334 branches. and around 505 ATMs in the country. It offers products to individuals, small and medium businesses, rural banking and mid corporates across the branch network.
The Stifterverband für die Deutsche Wissenschaft is a German organisation that seeks to address challenges in higher education, science and research. Its programmes and initiatives are aimed at finding workable solutions. The Stifterverband acts first and foremost as a thought leader and provides financial support to actors in academia that develop bottom-up solutions. In the context of its various programmes the Stifterverband frequently collaborates with partners from the business community. Moreover, the Stifterverband acts as a trustee for roughly 400 foundations that support a wide array of projects.
Alfred Rexroth, who lived from 1899 to 1978, was a German Engineer, Entrepreneur and Anthroposophist. He was the director of several business enterprises including the companies Neuguss, Rhinow and his family concern Rexroth, today Alfred Rexroth. Through the donation of his fortune the GLS Bank was able to begin much of its work.
Alternative Bank Switzerland (ABS) is a sustainability-oriented bank based in Olten, Canton of Solothurn, in Switzerland.
Wolfgang Stützel was a German economist and professor of economics at the Saarland University, Germany. From 1966 to 1968 he was member of the German Council of Economic Experts.
|This German bank or insurance-related article is a stub. You can help Wikipedia by expanding it.|