Merkur Cooperative Bank is a Danish values-based bank that combines classical banking with a vision of a sustainable society. In order to move towards a sustainable society the bank has lending criteria that includes environmental, social and ethical aspects, in addition to financial considerations.
The bank’s main objectives are:
The main part of Merkur Cooperative Bank´s combined loans are in environmentally oriented businesses as well as in social and cultural sectors.
Transparency is key. Therefore, you can see all of the bank’s lending business and not–for profit clients on a map with a small description for each, at My Money Does Good.
The first steps towards the founding of Merkur Cooperative Bank were taken in 1982 with the forming of a credit and loan association. In 1985 Merkur merged with another independent initiative to form the Co-op Bank, and received a banking license. Merkur opened its first office in Aalborg in 1985. In 1992 it established a branch in Copenhagen (which became Head Office in 2004) and is nowadays present in the four major cities of Denmark.
Merkur Cooperative Bank provides a full range of financial services, including savings and current accounts (available with Visa and/or debit cards), payment services, online banking, pension schemes as well as impact investment and socially responsible investment products – the latter in collaboration with Triodos Bank.
Furthermore, Merkur has established two separate entities: