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Offer extended due to strong demand

Triodos Bank investment offer now open until 23 November

12-11-2012 |

  • Opportunity to invest in sustainable bank extended until 23 November
  • More than £1.7 million already raised from UK investors 
  • Invest in Triodos Bank with as little as one share at £58.62 (€74) per share 
  • Average return of 4.2%* over last five years

Triodos Bank has extended its capital raising offer following unprecedented demand from UK investors. The transaction-free period for investing in Triodos Bank depository receipts has been extended until 23 November. Money raised through the offer will support the growth which Triodos Bank expects to maintain over the next few years. Investors will join the bank's 21,500 existing depository receipt-holders across Europe.

Triple bottom line

Huw Davies, head of personal banking at Triodos Bank, said: "We've seen more interest in investing in Triodos Bank than in past years. This includes many of our existing savers who are choosing to build on their relationship with the bank and invest in the bank itself, but also new investors who see the appeal of an historically strong and stable financial return along with a social return.

"Part of the offer's appeal is that investors will be actively supporting Triodos Bank's mission to change the banking industry for the better. We only lend to organisations delivering real social, cultural and environmental benefits, and the capital raised will enable us to continue to increase our lending to these ground-breaking organisations."

Depository receipts can be bought transaction fee-free until 23 November 2012. The minimum investment is one depository receipt at the current share price of £58.62 or €74.

Solid, sustainable banking

Over the past five years investors have seen a steady, average return of 4.2%.* Over the same period, the share price of mainstream banks such as Barclays has seen significant volatility. During the first six months of 2012 Triodos Bank's net profit grew to €9.9 million, up 31% against the same period in 2011. The bank's balance sheet total increased by 11% to €4.8 billion, against 7% growth over the same period last year.**
Triodos Bank has a BIS ratio, an important indication of its solvency, of 14.6% and a Core Tier 1 ratio of 14.3%. Triodos Bank has always maintained a strong capital position.**

Across Europe Triodos Bank made around 22,000 loans to sustainable businesses such as Ecotricity, Cafedirect, Glastonbury's Worthy Farm and Hugh Fearnley Whittingstall's River Cottage in the UK.

Triodos Bank depository receipts are not listed on any stock exchange to ensure the bank is not negatively impacted by market sentiment or diverted from its sustainable banking mission in the drive for profit. Neither does it engage in some of the other financial activities, such as sub-prime debt or complex financial derivatives.

For more information on buying Triodos Bank depository receipts investors should visit www.triodos.co.uk for a full prospectus, call 0800 328 2181 or speak to their financial adviser.


For more information, or a case study, please contact:

Will Ferguson, William.ferguson@triodos.co.uk 0117 980 9770 / 07899 965640
Lisa Stanley, lisa.stanley@triodos.co.uk 0117 980 9721 / 07983 002013

Notes to editors

*Average Return on Investment (RoI) per year in euro over the five years to 31.03.2012. Euro return is calculated by VWD Group, an external group which provides an independent calculation of our RoI and is based on a pro rata share of net asset value and assumes reinvested dividends. Past performance is no guarantee of future results.
** http://www.triodos.com/en/about-triodos-bank/news/press-releases/half-year-figures-2012/

About Triodos Bank Depository receipts

Shareholders can sell their depository receipts at any time. The depository receipts are not listed on any stock exchange. Instead, Triodos Bank N.V. maintains a euro-denominated matched-bargain market, which ordinarily means depository receipts can be bought and sold within a month. Very large stakes may take longer. No shareholder may hold more than just under 10% of the total number of Depository Receipts in issue to prevent any one shareholder exerting undue influence over Triodos Bank's mission and objectives. Depository Receipts are denominated in Euro, and dividends are paid in Euro. The return on investments made in Sterling is therefore also subject to movements in the exchange rate between Euro and GB pounds.

Triodos Bank believes it is crucial that its mission and independence are protected. All of Triodos Bank's ordinary shares are held in a special trust called the Foundation for the Administration of Triodos Bank Shares, or SAAT to use its Dutch abbreviation. This body ensures that decisions about financial profit are not made at the expense of Triodos Bank's social and environmental goals.

Shares in Triodos Bank are held by investors through Depository Receipts. SAAT issues these Depository Receipts for Triodos Bank Shares to individuals and institutions. As well as issuing Depository Receipts, SAAT exercises all of the voting rights for Triodos Bank Shares.

Triodos Bank Depository Receipts Important Notice

Investment decisions must only be made on the basis of the Prospectus, and not on any information provided in this press release. Investment in the underlying investment instrument is intended to be for the long term and income from the investment may fluctuate. Investing in Depository Receipts is not the same as investing money in a bank account as the investors capital is at risk and the investor may not get back the full amount that they invested. Past performance is not necessarily a guide to future performance. It may be difficult to sell or realise the investment, or to obtain reliable information about its value or other risks to which it is exposed and the investor may not get back the full amount invested.
Independent financial advice should be obtained if a potential investor is unsure about whether to invest.

About Triodos Bank

Triodos Bank only finances enterprises which create social, environmental or cultural added value. Key sectors include organic food and farming, renewable energy, social housing, and fair trade. Transparency is a core value and Triodos publishes details of every business it lends to. A range of personal savings accounts is offered, and full banking services are available for businesses and charities. Triodos Bank is an independent bank founded in the Netherlands in 1980. Its principles and independence are protected through a special shareholding trust. The UK office opened in 1995 and is based in Bristol.

Triodos Bank offers a range of personal savings accounts as well as other investment opportunities. The Triodos Online ISA currently pays up to 2.52% AER and the Triodos Online Saver Plus pays 2.52% AER including a 1.5% 12 month bonus. Ethical savings bonds paying up to 3.75% AER are also available, as well as the Ethical Junior Cash ISA paying 2.01% AER. Full terms and conditions for these products can be obtained from www.triodos.co.uk


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