in thousands of EUR

2019

2018

Other participating interests

24,279

22,448

As part of its mission, Triodos Bank wishes sustainable banking to create more and more impact over the world. In this respect, Triodos Bank provides equity funding to like-minded financial institutions in order to increase growth of the sustainable banking sector. No significant influence can be exercised on our participating interests. The value of these interests is based on the published share price. In absence of a public share price or if such a public share price is established in a non-active stock exchange market (low trading activity) Triodos Bank estimates the fair value through the net asset value. The other participating interests can be broken down as follows.

 

2019

2018

in thousands of EUR

Participating interest

Amount in thousands of EUR

Participating interest

Amount in thousands of EUR

1

Credit institution

Amalgamated Bank, New York1

2.3%

12,569

2.3%

12,356

Merkur Bank KGaA, Copenhagen1

3.0%

1,210

3.0%

1,163

Cultura Bank Sparebank, Oslo1

1.2%

102

1.3%

102

GLS Gemeinschaftsbank eG, Bochum1

0.0%

50

0.0%

50

Banca Popolare Etica Scpa, Padova1

0.2%

133

0.2%

130

Ekobanken Medlemsbank, Järna1

0.6%

49

0.6%

49

Social Enterprise Finance Australia Limited, Sydney

4.5%

1

4.5%

1

Bpifrance Financement S.A., Maisons-Alfort.

0.0%

140

0.0%

136

Sustainability – Finance – Real Economies SICAV-SIF public limited liability company, Luxembourg

13.0%

4,737

13.0%

3,430

Nederlandse Financieringsmaatschappij voor Ontwikkelingslanden N.V. (FMO), The Hague1

2.0%

861

2.0%

932

Thrive Renewables Plc, Bristol1

5.7%

3,434

5.2%

3,292

La Société d’Investissement France Active (SIFA), Montreuil

0.1%

302

0.1%

300

Visa Inc, San Francisco1

0.0%

591

0.0%

407

La Bolsa Social, plataforma de financiación participativa, S.A., Madrid

6.0%

100

6.0%

100

Balance sheet value as at 31 December

 

24,279

 

22,448

The movement of the participating interests is as follows:

in thousands of EUR

2019

2018

Balance sheet value as at 1 January

22,448

14,649

Acquisitions

9,848

Increase of capital

1,226

2,499

Revaluation

73

3,200

Repayment of capital

Divestments

–7,996

Exchange rate results on foreign currencies

532

248

Balance sheet value as at 31 December

24,279

22,448