This item relates to credit-substitute guarantees and non-credit-substitute guarantees that are partly secured by blocked accounts for the same amount.

in thousands of EUR

2019

20181

1

In 2019 Triodos Bank changed its definition of credit substitute guarantees versus non-credit substitute guarantees. For comparative purposes prior year amounts have been adjusted.

Credit substitute guarantees

75,901

118,570

Non-credit substitute guarantees

31,594

22,423

 

107,495

140,993

Credit substitute guarantees are guarantees to customers for loans provided to these customers by other banks.

Non-credit substitute guarantees are guarantees to customers for all other obligations of these customers to third parties. For example:

  • Rental obligations
  • Obligations to purchase sustainable goods, such as wind turbines.
  • Obligations to decommission equipment or reinstate property (mostly related to project finance provided by Triodos Bank).