High-Level Goals

Short-term
(6-12 months)

1. Define and agree on common bond and methods of governance

2. Register Co-operative entity

3. Apply for Co-operative Banking License as per all requirements

Mid-term
(post 12 months)

1. Provide personal banking

2. Purchase assets

3. Make investments
   

4. Provide venture loans:

   • ⁠Infrastructure

   • ⁠Property

   • Technology

   • ⁠Entertainment & Media

   • ⁠Education

   • Events

   • ⁠Products

   • ⁠Services

   • Hospitality

   • ⁠Innovation
   

   
   Within owner and partner expertise and indicators over short, mid & long term.

   ⁠

   Socio-economic development target:

   • SA markets

   • BRICS+ markets

   • International markets
   

   
   

5. Provide other financial products

6. Leave room for on-the-spot creativity, entrepreneurship and innovation

Long-term
(post 4 years)

1. Grow, modify and innovate:

   • member and client base

   • mid-term deliverables

2. Enhance where necessary according to moving times and industry developments

Change the future - today

While the cost of the license is low, the governance of the bank re: 200 people and its board will need to be more efficient in decision making,
and for this where possible, we will use digital systems for voting to fast-track our requirements.

Governed by co-operative principles whose ideals and beliefs seek to bring about social justice and solidarity for the greater good of the communities within which they operate, Co-operative Banks offer many of the same products and services as commercial banks, however they differ in a number of ways:

• Co-operative Banks are not for profit but for service to its members;

• is owned by its members;

• its board of directors are elected by the members who function as volunteers;

• typically have fewer and lower fees than those of large banks;

• surplus goes back to members in the form of dividend or patronage proportion;

• and interaction between co-operatives is co-operative not competitive.

Do you want to own part of Bankineer?
If you would like to be part of the first 200 people considered to own the bank
and interested to know more, please fill out the form.

Common Bond Statement

Our co-operative bank membership is restricted to those who wholly support Bankineer’s pursuit of a non-discriminatory, equitable and inclusive modernity via low fees yet high value participation that’s inspired and grounded in economic ease, global south solidarity, targeted results-based approaches, innovation and socio-economic development for a just and multipolar world.