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Record year for lending growth

Triodos Bank's loan book grows by 26%

19-01-2011 | Triodos Bank, the ethical and sustainable bank, today announced record annual growth in 2010, with more than a 26% increase in its loan book to a total of £312m. This represents over 150% of the growth achieved in 2009 and contrasts markedly with the continued restricted lending from more mainstream banks.

The figures represent a net increase of £64m, significantly above that of sector competitors.  During the year Triodos Bank, which operates an ethical, transparent and sustainable banking model, paid out more than £80m of new monies to environmental, social and cultural projects.

Key figures for 2010 in the UK

  • In 2010 Triodos Bank's UK lending grew by 26%
  • The UK loan book grew by £64m to £312m  
  • Gross new loans paid out were approximately £80m in 2010
  • Commitments to lend also grew by 11% to a total of £180m
  • The Bank saw 9% growth in its business and charity banking customer numbers
  • Several new areas of lending contributing to growth including Community Sports Facilities, Solar energy, Specialist Elderly Care, Community Ownership and Therapeutic Care Farms.

Dr Bevis Watts, Head of Business Bank at Triodos says: "These are exciting results because they demonstrate there is an alternative to socially useless banking and because our increased lending is enabling real social, cultural and environmental change.  2011 will be a year where several important social and environmental initiatives need finance and we will be supporting those when unsustainable banks continue not to lend."

Triodos uses money saved by its customers to finance organisations that benefit people or the environment. Organisations that borrowed from Triodos Bank in 2010 include Glastonbury festival founder Michael Eavis, who received finance to build the UK's largest agricultural solar PV installation, and the Big Issue Foundation Scotland with funding to enable their Glasgow office to expand into a larger building.


Growth in social lending

  • Lending and commitments to social organisations such as charities, social enterprises, housing associations and healthcare organisations grew by 23% in 2010.
  • Lending to housing associations was the largest growth area with elderly care and community projects among other sectors contributing significant growth.

Case studies include:
o Jamie's Farm, Bath - a family-run project that supports the development of vulnerable young people by providing opportunities for achievement, wellbeing and sustainable change in an agricultural setting.
o Abbeyfield Kent Society - one of the leading providers of residential care and sheltered accommodation for more than 400 people in the south east of England.
o Burnage RFC, Greater Manchester - as well as being one of the top amateur rugby clubs in the north west, Burnage RFC runs a range of sports programmes catering for the local community.

Growth in environment lending

  • Lending to Environmental businesses and organisations grew by almost 44% to £105m.
  • Lending and commitments now total almost £160m.  Triodos financed onshore wind farms, hydro energy and in-vessel composting projects in 2010 as well as its first solar PV installation in the UK. 

Case studies include:
o Worthy Farm, Glastonbury - 200kwp solar PV installation which will provide the dairy farm with the energy it requires, plus surplus to sell back to the grid
o Scotrenewables - £2.7m package that enabled the financing of a wind turbine on the Isle of Orkney.

Growth in farming, food and trade

  • Lending to food, farming and trading businesses Grew by 7%.
  • Organic Farming was the largest sector of growth with 12% growth. 
  • Triodos Bank in the UK now has 250 loans totalling £40m to organic farms.

Case studies include:
o Peelham Farm, Scotland - mixed organic farm and butchery which won Scottish Future Farmer of the year award in 2009.
o Unicorn Grocery, Manchester - award winning grocery that provides organic and fair trade produce to an ever-growing customer base.


  • Lending in Scotland grew by 18% in 2010 to £44m.  
  • Renewable energy and Arts & Culture were the two main areas of growth.

Case studies include:
o WASPS Trust, Glasgow - one of Scotland's largest arts organisations - supporting, sustaining and developing the country's vibrant arts community.
o Big Issue Foundation Scotland (BIFS) - a loan from Triodos enabled BIFS to buy a new property, developing service in the community including a drop-in facility for parents and older children, counselling services and workshops.


  • Lending and commitments in Wales grew by 64%. 
  • The Welsh loan book now totals more than £20m.
  • Renewable energy was the largest area of growth.

Case studies include: description of case study.
o Permanent Housing Trust - Wales a Triodos loan to the recently formed housing co-operative provided funds towards the purchase of a property at £170,000 to be used to provide accommodation for members of the project.
o Penrhiw Dairy Farm - a 182 acre organic dairy farm in Carmarthen


Notes to editors

Further information
For more information, high resolution photographs, case studies, customer quotes, or to arrange interviews, please contact:

" Sophie Rivett-Carnac   07855 834 430 sophie@greenhousepr.co.uk
" Will Ferguson  0117 980 9770 william.ferguson@triodos.co.uk

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: customers are informed about the bank's lending and can target their savings to particular areas of investment. 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.

To find out more about Triodos Bank's range of banking services, visit www.triodos.co.uk or call 0500 008 720.  Triodos Bank's full international results will be available in April 2011.

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