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New B, Belgium’s new co-op bank, heads for 40,000 members 8 May 2013

Posted by cooperatoby in Brussels, cooperative, Social enterprise.
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NewB logoAt last, an opportunity to do some practical co-operation just by taking out your Bancontact card!
The European Commission worked hard to get the European Co-operative Society on the statute book as an important symbol that the single market is a level playing field, but since it’s been an option, it’s been largely ignored.
It is therefore a doubly joyful event to be in at the birth of New B, a new co-operative bank that is taking shape as we speak. Despite its European status, New B is Belgian through and through: it aims to fill the gap where the privatised CGER used to be, to be bigger than Triodos and to offer full range of banking services including payments (which Triodos doesn’t). It was set up legally a year ago by 61 NGOs including Hefboom & Crédal, and is now testing popular demand by inviting symbolic subscriptions for one single €20 share. Interest has exceeded expectations and since March close on 40,000 people have signed up.
Why not join them? – go to http://www.newb.coop/fr/default.aspx

Update

In January 2014 NewB has moved into its next phase and offers the opportunity to buy some more shares, so that it can raise a further €2.5m. It raised €500,000 in the first week. You can buy 5 more shares for €100. See https://newb.coop/fr/construisons. So far 43,896 individual and about 100 organisations have joined, so why not you too?

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