An overview of cooperative banking in Europe

Abstract

This chapter aims to give a general introduction on cooperative banking in Europe. To do that, it first gives an overview on the key inherent characteristics of cooperative banks. Second, it analyses the main phases of their development in Europe. Third, it discusses the actual presence of cooperative banks over the continent in terms of size and geographical distribution. Finally, it summarises the relevant existing literature. Overall, the systemic relevance and countercyclical attitude of cooperative banks as well as their crucial role in fostering relationship lending practices are highlighted.