Download Cooperative Banking in Europe: Case Studies (Palgrave by Vittorio Boscia, Alessandro Carretta, Paola Schwizer PDF
By Vittorio Boscia, Alessandro Carretta, Paola Schwizer
This booklet investigates the most beneficial properties of the evolution of the cooperative banking version in eu international locations, utilizing 'country case-study' research. based in elements, the 1st offers with a pattern of nations that joined ecu Union ahead of 2000; the second one half with a pattern of different newly admitted ecu Union member international locations.
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Extra info for Cooperative Banking in Europe: Case Studies (Palgrave Macmillan Studies in Banking and Financial Institutions)
Whereas in 2001 there were 212 banks in the Portuguese market, by 2004 they were reduced to 197. During this period, the main banks started a general strategy of restructuring the network of their branches in order to improve the efficiency level of the system. 4). 9%) and of the 25 European Countries (59%). 4 Credit institutions and branches in Portugal Number of M&A's Source: ECB (2005). 5 M&A’s in Portugal banking sector Source: ECB (2005). but in a limited manner. 6 system 1999 2000 2001 2002 2003 2004 Total assets (eur millions) Equity capital (eur millions) Delta total assets (%) Delta equity (%) Trend of the active total and of the equity of the Portuguese bank Source: Banco de Portugal.
I. I. 7 Structure of the Portuguese credit cooperative group Source: Credito Agricola Mutuo Group website (accessed 28 January 2004). Over the last decade the structural problems faced by CCAM have made it increasingly difficult to attract equity capital and have obliged many to undertake economic and financial restructuring. The most visible aspect of this process was an intensive wave of mergers: between 1993 and 2002, 64 mergers involving 143 CCAM took place (almost 70% of these in 1993 alone), with some banks being involved in more than one merger (Rebelo e Cabo 2003).
Art. ” • Art. ” • Art. 1: “All members of a credit co-operative must possess at least one registered certificate of contribution. ” Furthermore, the normative arranges determine organizational requirements which the cooperatives must follow, and impose an operative regime on the sector, which is deeply different from that of other banks in terms of the requirements of the business management and the allocation of the achieved profits. According to the Law on the cooperative credit, the minimum owner’s equity scheduled for the opening of a cooperative bank varies in relation to the same operating amplitude (local or regional) and to the dimension of the inhabited centre near which the bank is based: in cases of practicality on local bases, in city centres with an inferior number of 100,000 inhabitants, a minimum owner’s equity requires to be equal to 25,000 million euro (150,000 million pesetas); if the practicality of the bank becomes larger on a regional level, the minimum capital demanded is equal to 130,000 million euro (approximately 800,000 million pesetas) (see UNACC 2001).