Oireachtas Joint and Select Committees
Tuesday, 30 January 2018
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Cost of Doing Business in Ireland: Discussion (Resumed)
3:00 pm
Mr. Harald Felzen:
Sparkassen and credit unions, which are called co-operative banks in Germany, are very similar in their ethics. The distinctive element is that a Sparkasse is a common good-oriented bank, which is committed to the wider public, to all the people in the council. Credit unions are member-oriented. That is point important to understanding the roles of the Sparkassen and the credit unions.