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Article

8 Jun 2009

Author:
Charlotte Stevens, CardSmart

Credit card provider Co-operative Bank launches a new development fund

According to the bank, the Global Co-operative Development Fund, in collaboration with Deutsche Bank, is the first development fund for co-operatives...Head of structured and asset finance at the bank Richard Wilcox said: "Investing in co-operatives can contribute to the economic development of a country, helping to alleviate poverty and reduce economic vulnerability - while providing a competitive risk-adjusted return.