Ebank - Febea

EBANK!
THE FIRST ETHICAL
BANK IN CROATIA!
FEBEA, General Assembly, May 13th, 2014
Goran Jeras, Maja Jurišić. Siniša Miličić, Krešimir
Prevendar
ABOUT EBANK!
•  Ethical development bank in Croatia
•  Owned by Croatian capital (member’s bank)
•  Support for development of real economy
–  sustainable ecological agriculture & tourism
–  manifacturing and processing companies
–  green energy / citizen energy
–  IT services, new technologies and innovations
–  ecological projects
–  social enterpreneurship
•  Bank as a service to the real economy – not an
isolated profit-making entity
2!
LEGAL!
LIBORA
(NGO)
Open Source Banking
Foundation
Assembly
Cooperative for ethical finance
Director
Supervisory
board
Assembly
ebanka d.d.
Mgm.
board
Supervisory
board
3!
INNOVATIVE APPROACH!
classical bank
ebank
4!
OWN IT BANKING PLATFORM!
• 
• 
• 
• 
• 
• 
open source
flexible assembly of financial contracts
tailor-made approach to customers
integrated KPI monitoring / risk assesment
maximum viable automatisation
near real-time financial overview of individual
entities and the entire system
•  automated credit decisions with regard to more
than financial history and available collateral
•  low banking and transaction costs
•  legacy-free
5!
ADDITIONAL VALUE!
•  crowdfunding and peer to peer lending with
bank's guarantees •  semi-automatic accounting and project
management for clients •  liquidity ensurance for legal entities •  mediation and arbitration platform •  consulting for development •  clustering infrastructure •  various other financial logistics 6!
CURRENT STATUS!
7!
CURRENT STATUS!
•  22nd April – Cooperative formed (>100
members)
•  huge media attention (national TV, all
newspapers, dozens of interviews)
•  hunderds of inquiries from companies, nonprofits and individuals
•  interest from government bodies
•  established network of partners throughout the
country (more than 200 entities)
•  partners have reserved about 8M EUR for the
foundation of the bank
8!
PARTNERSHIPS!
•  CEDRA – national network of social
entrepreneurs
•  LEADER network Croatia – network of Local
Action Groups in rural areas
•  Croatian network for rural development
•  Croatian association of cooperatives
•  Association of cities in Croatia
•  Association of municipalities in Croatia
•  Croatian bank for reconstruction and
development (arrangement for pilot credit line
dedicated to EBank)
9!
PARTNERSHIPS (2)!
•  National Council of Civil Society
•  National Foundation for Development of Civil
Society
•  Governmental office for cooperation with
NGO’s
•  Foundation of war veterans and their families
•  Public ombudsman
10!
TIMELINE!
•  February 2014. – fundraising for transitional
budget
•  March 2014. – informal approval of the Ministry
of Finance
•  April 2014. – formation of cooperative
•  May 2014. – joining FEBEA
•  June 2014. – application for banking license
•  Q1 2015. – banking license – start of
operations 11!
Q&A?
Thank you for your attention!
Goran Jeras
gjeras@ebanka.eu +385 95 9065108