Zampredsedatelya of the economic commission Riygikogu Savisaar Erki considers that cooperative business will go Estonia to advantage, the cooperative bank which could support small businessmen is in the same way necessary also.
by words Savisaar Erki, very positive news that in Vastse-Kuusta the country's first cooperative meat combine opened the other day came. It once again proves that together it is possible to make much more, than alone. The deputy of parliament added also that cooperative activity is extremely necessary for Estonia told.
In Estonia while there is no cooperative bank, there are only commercial banks and cooperative financial institutions. " Establishments of this kind as a rule are engaged in repeated delivery of the credits from one hands in others. The bank can be engaged besides delivery of the credits also in other financial transactions, for example, it will be possible to open the settlement account, to petition for a credit card or to make strategic investments" — the politician told about opportunities of cooperative bank.
the Purpose of commercial banks — to get the maximum profit for short term. " The main difference of commercial bank from cooperative in the course of decision-making. In cooperative bank at all will be on one voice, regardless of their contribution. It means that the decision will be made together and any major shareholder will not be able to affect other participants" — Savisaar Erki told.
according to Savisaar Erki, the main reason for which in Estonia still there is no cooperative bank, is that as the first with this idea the Centrist party acted . For this reason the idea was at once apprehended in bayonets. " Not superfluous will be to note that in spite of the fact that cooperative banks cannot offer full range of services, around the world they have the best rates on the credits, and also opportunity to show to clients, how many actually there are financial services. For this reason cooperative banks are the main competitors dominating in the market and dictating the conditions commercial".