Europe’s Sustainable Bank

Growing a European network

Developing a European branch network is fundamental to Triodos Bank. The success of its expansion and diversification in a number of European countries to date provides powerful proof that profitable sustainable banks can be the norm, and not the exception, in the financial industry.

A European network allows Triodos Bank to build and share expertise. It brings a credible set of services to thousands of business and personal customers, growing sustainable banking’s scale and impact. And increasingly a network of connected offices allows Triodos Bank to cater for international business customers who, like it, have developed beyond national boundaries.

Triodos Bank’s growth across Europe is organic. It works with people and institutions in countries who want to work with it, rather than target markets and develop them from a distance. And while the values that bind its customers and co-workers are the same, there are important differences. Regulations, tax incentives and government approaches to sustainability are sometimes markedly different in diverse markets. Approaches to the development (or not) of the Spanish solar industry and tax incentives in the Netherlands are just two examples, touched on below.

In 2011 Triodos Bank will work hard to grow its impact as Europe’s leading sustainable bank.

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2010

NL

BE

UK

ES

DE

Total Bank *)

*

After intercompany eliminations

 

 

 

 

 

 

 

No. customers (* 1000)

171

43

41

29

1

285

Entrusted funds (* € million)

1,456

795

434

334

20

3,039

Loan portfolio (* € million)

762

463

359

457

87

2,128

Net profit (* € million)

6

1

2

1

–2

8

No. co-workers (FTE)

115.4

76.7

70.9

97.3

27.7

388

 

 

 

 

 

 

 

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2009

NL

BE

UK

ES

DE

Total Bank

 

 

 

 

 

 

 

No. customers (* 1000)

147

38

39

18

0

242

Entrusted funds (* € million)

1,221

709

386

269

0

2,585

Loan portfolio (* € million)

588

357

278

374

64

1,661

Net profit (* € million)

5

3

1

0

–2

7

No. co-workers (FTE)

105.4

65.4

74.2

78.8

20.6

344

 

 

 

 

 

 

 

Funds entrusted per branch

(€ million)

Funds entrusted per branch (bar chart)

* 2011 figures represent anticipated growth in 2011 (plus or minus 10%)

Loans per branch

(€ million)

Loans per branch (bar chart)

* 2011 figures represent anticipated growth in 2011 (plus or minus 10%)

A Year of Change

2010 was a turbulent year for banking, the wider economy and millions of individuals and businesses across Europe. An acute economic downturn prompted widespread government austerity measures in general, and rethinking around sustainability policy in particular.

In 2010 the Spanish government proposed cutting feed-in tariffs for solar projects, for example. The German government went further implementing changes to their feed-in tariffs; the Belgian authorities reduced subsidies for new private solar energy investments, while the Dutch government started to phase out tax benefits linked to green funds in the Netherlands. Declining government support for the arts was notable in the UK, the Netherlands and Belgium.

At the same time the financial crisis has created new opportunities. Solutions to the biggest problems are increasingly in the hands of business and civil society, rather than government. Triodos Bank has a crucial role to play in this as a catalyst for change, financing sustainable enterprises with money entrusted to it by a growing community of over 280,000 savers and investors.

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