Co-operative banks, including mutual savings banks, building societies, and savings and loan associations. These banks are owned by their members, and governed according to the principle of one member one vote. Co-op banks tend to provide loans to non members as well as members, and some engage in wholesale markets for money, bonds and even equity. They are a major part of the banking system in India, and play a significant regional role in Italy and Spain. They usually emphasise their social as well as their financial goals.