Banca Prossima is the first European bank fully dedicated to the non profit sector...

1. Presentation to the Social Innovation Summer School San Sebastian, July 2008

6. Tailor-made valuation tools Social enterprises do not usually have strong equity and may lack financial professionals, so they need specialised valuation tools. Banca Prossima’s valuation model does not contrast with standard banking valuation models as it completes them with elements which are typical of the nonprofit world (such as fund raising capability, success in attracting government and private grants from foundations, the share of market revenues, the governance model). It thereby opens a new chapter in the valuation tools for the social enterprise. The Rating model for the Social Enterprise developed by Banca Prossima considers the enterprise as the centre of a network of relationships which link it to society.