- Be a part-owner of the bank
- Co-determination rights
- Attractive dividends and exclusive added value
Become a member
Benefit from the cooperative business model
You may have noticed the letters "eG" after our name. This abbreviation stands for "eingetragene Genossenschaft" or "registered cooperative". This is a legal form based on membership.
Our membership commitment
As a cooperative bank, only one thing matters to us: our commitment to our members. You are what makes us unique. Watch the video to find out why.
Progress through membership
Cooperative banks are carried forward by their members, and are bound to them in a very particular way through their cooperative remit – §1 of the German Cooperatives Act even regulates the binding nature of this association. As a member, you are not just a client but a co-owner of BIB. This also applies to companies, associations and corporations.
To become a BIB member, you need to apply for membership. The Management Board will decide if you can join. Once you join, as a new member, you pledge to subscribe to one or more shares. Upon written declaration of membership and approval of your membership by the cooperative bank, you will become a member and also a part-owner of the bank.
Your right to transparency and information
As a co-owner, you are entitled to comprehensive transparency and information. The Management Board reports on all significant factors relating to BIB corporate policy at the Annual General Meeting. You can also contact your bank at any time or read the annual report on business activities.
Members are part of the decision-making process
As a part-owner, you play a decisive role in shaping BIB's corporate policy as you have the right to vote at the General Meeting and in representative elections. For example, the General Meeting approves the financial statements, determines how net profits are to be used and decides who sits on the supervisory committees.
We give you a voice
The democratic principle applies to the General Meeting: one member, one vote – regardless of how many shares you hold. You cannot buy a majority vote from us. Everyone has an influence, but no one can control someone else or have more power than anyone else.
Together we can achieve more
"Things that are impossible for one person acting alone can often be achieved by many people acting together." This is the founding principle behind every cooperative. Cooperation and solidarity are the basis for joint success. Become a member of BIB and play an active role.
Your membership will pay for itself
You start benefiting from your BIB membership immediately. You can find out more about our business strategies. You can help shape the bank's policy democratically and share its economic success. A dividend on shares is usually paid once a year.
We give top priority to promoting the interests of our members. We do all that we can to fulfil your wishes and ensure that you achieve your aims.
The articles of association specify who can become a member.
§ 3 ACQUISITION OF MEMBERSHIP
(1) The following are eligible for membership:
a) legal persons or partnerships who serve the mission of the Christian churches in the broadest sense, namely parishes, parish associations, regional administration unions, associations with legal personality, church organisations and institutions, institutions with legal personality, corporations, foundations, religious orders and companies:
b) natural persons who are in full-time employment or voluntary posts with one of the bodies specified in a), as well as the members of the Management Board and Supervisory Board and the employees of BANK IM BISTUM ESSEN eG, Essen and their spouses and children.
The dividend amount depends on the decision made by the General Meeting and whether an annual surplus has been achieved.
A General Meeting is usually held once a year. You do not have to vote.