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European Savings and Retail Banks Group

From Wikipedia, the free encyclopedia
European Savings and Retail Banking Group
AbbreviationESBG
Formation1963; 61 years ago (1963)
TypeTrade association
Legal statusNon-profit company
PurposeRepresent Savings banks in European
Location
Region served
Europe
Membership (2024)
24
AffiliationsWorld Savings and Retail Banks Institute
Websitewww.wsbi-esbg.org

The European Savings and Retail Banking Group is a European banking association representing around two dozen members from 20 countries (EU and non-EU), comprising approximately 1,000 individual savings and retail banks.[1] These institutions operate 60,000 outlets and employ 810,00 people.

As of 2015, ESBG members had €500 billion in loans to small and medium-sized enterprises on their books in the European Union, equal to roughly one-third of the EU SME lending market.[2] As of 2024, ESBG had declared 22 lobbyists working for the organisation.[3]

History and activities

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The European Savings and Retail Banking Group was founded in 1963 as the 'Savings Banks Group of the European Economic Community'. The association changed its name to European Savings Banks Group in 1988 and then to its current name in 2013. ESBG is the sister organization of the World Savings and Retail Banks Institute, with both organizations managed in Brussels by a WSBI-ESBG jointly run Office.[4]

Since 1999, the ESBG has supported an international competition called the Stock Market Learning. ESBG supports the annual competition run by Savings Banks that aims to provide pupils a better understanding of the stock market and of the economic and financial world.

ESBG Members

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References

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  1. ^ "About European Savings Bank Group (ESBG)". Dexex. Retrieved September 30, 2024.
  2. ^ "ESBG Members' Key Figures" (PDF). ESBG. 2014.
  3. ^ "European Savings and Retail Banking Group". LobbyFacts.eu. September 10, 2024.
  4. ^ "ESBG - New publications". ESBG.
  5. ^ "International Savings Banks". Deutscher Sparkassen- und Giroverband. October 30, 2017.
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