COOPERATIVES OF ALTERNATIVE BANKING

Currently in Spain we are witnessing an ethical reorientation of a part of the offer of financial services which gives priority to the social commitment without losing economic viability. This banking model known as alternative banking also known as ethical, social or sustainable banking is distinct from traditional banking. This work wishes to highlight the ideal conditions of cooperatives for the development of alternative banking. Its legal nature and its functional regulations enhance the social utility of the banking activity. The double condition of the partners eliminates intermediaries and allocates directly equity towards financing socially responsible projects, in a way that the financial economy and the real economy advance together.