Driven by the three "R's"
With roots in 1924, WSBI-ESBG members enjoy a long history of socially responsible banking around the world. Although organizational structures vary from country to country, they each share certain values in their business models, embedded within the three “R”s.
Social responsibility is a core value of our members, towards their clients, employees, communities and the environment. Unlike Wall Street players, WSBI members are Main Street players.
Retail
Actively providing financial services for people – individual consumers and their households – as well as for micro-, small- and medium-sized enterprises (MSMEs) and local authorities.
Regional
Deploy broad distribution networks rooted within the communities they serve, including local and regional outreach in both urban and rural areas. Savings mobilized locally support the local economy. Members offer both digital solutions but they also keep the human touch through extensive branch networks.
Responsible
Social responsibility is a core value of our members, towards their clients, employees, communities and the environment. Unlike Wall Street players, WSBI members are Main Street players, serving all segments of population. Savings and retail banks follow a balanced approach for financial sustainability and a return to society. Profits make a sustainable bank; profit maximization should not be the ultimate goal. ESBG member banks rather give back part of locally made profits by reinvesting in the communities they serve, such as via philanthropic projects and foundation work.
Together WSBI and ESBG...
WSBI ESBG
WSBI ESBG Charter for Responsible and Sustainable Business
A signatory of the United Nations Global Compact since 2006, WSBI-ESBG follows the 10 Principles within it. These principles describe fully social and environmental responsibility commitments to follow. WSBI-ESBG is supportive of the Sustainable Development Goals, or SDGs, which range from ending world poverty to fighting climate change by 2030.
65
COUNTRIES
88
MEMBERS
1.7BN
CUSTOMERS
556MIL.
TRANSACTIONS ACCOUNTS
Savings and Retail Banking in Africa 2022
New 2022: WSBI survey of Financial Inclusion for micro, small and medium-sized enterprises
Bank Asia Agent Banking: An Initiative to Reach the Unreached People for Better Financial Inclusion in Bangladesh
The European Savings and Retail Banking Group considers that the recent decision in some EU…
New taxes on banks can affect economic growth
The European Savings and Retail Banking Group considers that the recent decision in some EU…
What constitutes a viable business model for small scale savings?
The resulting poor customer experience gives rise to very high incidences of dormancy and…
Persona Segmentation Toolkit
Leading and managing change to reach low-income savers in Nigeria
An opportunity for the banking sector to work with informal savings groups in Morocco
Tontine, an ancestral practice, is tending to modernize thanks to digital technology.
State Aid rules for banks in difficulty
The European Savings and Retail Banking Group (ESBG) welcomes the initiative of the European…
International Sustainability Standards Board consultation on Sustainability Disclosures
The International Sustainability Standards Board (ISSB) has been established at COP26 with the…
Leading and managing change to reach low-income savers in Nigeria
Leading and managing change to reach low-income savers in Nigeria
ESBG response to the EFRAG consultation on its first set of draft ESRSs calls to ensure levelled global playing field
In its response to the European Financial Reporting Advisory Group (EFRAG) public consultation on…
EU Taxonomy minimum safeguards: Criteria for the application of external checks should be further defined
The European Savings and Retail Banking Group submitted its final response to the Platform for…
Reducing the scope of the EBA NPLs data templates
ESBG responded to the EBA consultation on the draft non-performing loans (NPL) transaction data…
FATF revision of Recommendation 25
The Financial Action Task Force (FATF) aims to better meet its objective of preventing the misuse…
State Aid rules for banks in difficulty
The European Savings and Retail Banking Group (ESBG) welcomes the initiative of the European…
International Sustainability Standards Board consultation on Sustainability Disclosures
The International Sustainability Standards Board (ISSB) has been established at COP26 with the…
For a single market for data to push growth and innovation
A European approach to data is essential to ensure competitiveness, avoid fragmentation, benefit…
PSD2 review must seek fair distribution of value and risk among all market participants
ESBG submitted its response to the European Commission (EC)’s targeted consultation on the review…
On the EU Commission consultation on Distance Marketing in Financial Services Directive review
ESBG supports the scenario chosen by the EU Commission for its proposal to retain the relevant and…
Digital euro: ESBG’s response to the European Commission targeted consultation
The European Savings and Retail Banking Group stated the need to further assess exactly what gaps…
