Criteria for Joining the MBN as a Full member:

• Mediterranean Identity
  Eligible applicants must be incorporated, registered and/or duly existing under the laws of a Mediterranean State.



• Private Sector Credentials
  The bank in question must exhibit that it is either privately owned and operating according to free market economics or reveal a strong market orientated character.



• One Bank per country Principle
  An applicant must ensure that its country is not already represented by another bank. If it is it may still apply for membership but requires the support and official approval of the existing member bank.



• Of Good Repute
  All prospective entrants must enjoy a sound banking reputation, have respectable credit ratings and an appropriate country rank [it ought to be comparable in size to the other existing members].

Membership is primarily by invitation but may be considered following a written expression of interest. In fact approved prospective entrants are entitled to enjoy Observer Status for a short and predetermined duration.

The aim of the Network is to count a bank from each and every country of the Euro-Mediterranean area. The possibility does exist to have more than one bank from the same country so long as the new entrant effectively adds value to the Network, if it operates in a different region or market segment to that of the incumbent, or specialise in a particular aspect of financial services. The final decision however, rests upon the original member bank of that particular country.

The Network may also have as members, banks that are incorporated, registered and/or duly existing under the laws of a non-Mediterranean State. Such members are considered as Affiliate members, as opposed to Full members, and whilst may participate in all meetings of the Network do not have the right to vote in the General Assembly. The number of Affiliate members in proportion to the number of Full members may not exceed a ratio of three (3) Affiliate members for every five (5) Full members.