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Ecumenical News International

Church Bank: Ethical Investments Growing

February 3, 2012

serlohn (epd). According to the Bank for Church and Diaconia ("KD Bank") in Dortmund, investments with particular attention to ethical principles are increasingly gaining ground. Hence, the volume of this type of transaction in Germany since 2005 has more than tripled and currently amounts to around EUR 16 billion, says Wibke Hock, director of the largest Protestant church bank in Germany, on Thursday evening in Iserlohn.

Their bank also places special importance on ethically correct investments, said Hock, and cited as an example the fact that the cooperative financial institution currently does not do business with Siemens. The reason is the group's ties to the arms industry and nuclear power. Other no-no's are investments in pornography, tobacco, arms production, and companies that violate human rights and labor rights, bank executive Jörg Moltrecht explained.

The KD Bank serves about 7,000 church and diaconal institutions, as well as 31,000 Christian-oriented private customers. The bank's representatives spoke at a reception organized by the Protestant church district of Iserlohn.




 


 

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