The Global Alliance for Banking on Values (GABV) has welcomed four new members in the last quarter of 2022. The newly joined members are: Sipem Banque, in Madagascar, Unity Trust Bank, in the United Kingdom, ACBA Bank, in Armenia and Teachers Savings and Loan Society Limited (TISA), in Papua New Guinea.
The GABV’s ever-growing network has now reached a total of 70 members from 45 countries that share a common goal to transform finance for good. A total number of seven banks and credit unions joined the network in 2022.
Martin Rohner, Executive Director of the GABV: “I am delighted to welcome our four new members, which greatly add to the diversity of our movement as they represent the African, Asian and European regions. All four banks have a unique values-based business model and are strongly grounded in the communities that they serve. This is a testament to our global presence and mission as a movement to use money to create positive social and environmental impact, despite our differences.”
Unity Trust Bank has been helping organisations to prosper and contribute to positive economic, social and environmental change for over 35 years. The bank’s purpose is to create a better society. As an award-winning independent bank, it only lends to organisations that share their values and support local communities.
“Joining GABV enables us to amplify the voice of socially-minded banks and credit unions, organisations that share our values and make a positive difference across their communities. Together we can demonstrate that there IS an ethical banking alternative to businesses seeking to prosper whilst contributing positively to social change.” Unity Trust Bank’s CEO, Deborah Hazell.
Acba Bank fosters the stable development of the Armenian economy and society. The bank makes high-volume investments for the development of micro, small and medium enterprises; they remain the sole leader in agriculture financing. The bank constantly installs innovative solutions for businesses and integrates or creates innovative tech solutions in Armenia that simplify customers’ daily lives.
Hakob Andreasyan, CEO of Acba: “We joined GABV in 2022 to take advantage of learning and development opportunities from experts and leaders in values-based banking. These will help us localise the main principles of the GABV and be a change-maker in building a sustainable financial future in Armenia.
Sipem Banque is a pioneer in the Microfinance Sector in Madagascar. Sipem Banque’s mission is to contribute to the economic development of Madagascar, by providing financial services adapted to the needs of Micros, VSEs and SMEs and to offer a wide range of diversified and innovative financial products and services that meet the expectations of individuals and public and private sector employees.
Teachers Savings and Loan Society Limited (TISA) is the largest Savings & Loan Society in Papua New Guinea and Credit Union in the Pacific. TISA’s Vision statement is ‘Not for Profit, Not for Charity, But for Service’. The Society aims to provide the best customer service to its members by understanding their needs, educating them in responsible savings and borrowing behaviours and continually developing processes and financial standing in the community.
“It is our ambition and determination to finance real change and “lead with a positive, viable alternative to the current banking system in Papua New Guinea while making the most out of GABV’s international alliance”, said Michael Koisen, Group CEO of TISA.
About the GABV
The Global Alliance for Banking on Values (GABV) is a network of independent banks and banking cooperatives with a shared mission to use finance to deliver sustainable economic, social, and environmental development. Founded in 2009, the GABV comprises 70+ financial institutions operating in over 40 countries across Asia-Pacific, Africa, Latin America, North America and Europe. It serves more than 60 million customers collectively, holds over USD 200 billion of combined assets under management, and employs 80,000 co-workers.
Meet the banks of the network and the countries where they operate: www.gabv.org/members