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Triodos Bank passes £500m lending milestone

Now there are half a billion good reasons to bank with Triodos

21-03-2013 |

  • Triodos Bank now lends more than half a billion pounds to UK sustainable businesses and charities. 
  • The bank has also announced significant annual lending growth in 2012, with a 15% increase in its UK loan book.
 

Triodos Bank today announces a major milestone, with its UK lending surpassing £500m for the first time. The news follows a 15% increase in the bank's lending to sustainable enterprises during 2012. Triodos only lends to businesses and charities delivering social and environmental benefits, from renewable energy to community initiatives, so all the money deposited with the bank by its savers actively supports projects working towards a more sustainable society.

Cafe Ode

Award winning Cafe ODE in Shaldon, Devon was one of the sustainable businesses to borrow from Triodos Bank in 2012

Charles Middleton, Triodos Bank's UK managing director said: "This is a major milestone for Triodos Bank, representing significant support for the UK's green and social economy. Our continued growth demonstrates demand for sustainable finance despite the challenging economic environment, and indicates that a socially conscious approach can help businesses and charities to flourish, bucking the trends of the wider market."

In 2012 Triodos Bank's UK lending grew by £62m to £486m, representing 15% net growth over the year. The bank's largest volume growth areas were healthcare and social housing, with significant growth to other areas of its loan book including a 600% increase to the sustainable building sector and a 184% increase in lending to the small scale hydro power sector. Lending grew by 74% in the extra care sector and loans to the eco-tourism sector grew by 21%.

"We're still seeing a huge appetite for finance from sustainable organisations," says Charles Middleton. "We're able to meet that demand solely by providing savers with the simple, transparent and sustainable approach to banking they're demanding. When so little of the money supplied through Government initiatives appears to be reaching the businesses it is targeted at, it makes a compelling case for values-based banking."

Organisations that borrowed from Triodos Bank in 2012 include:

Lilac cohousing - the Leeds based cooperative had developed 20 homes in a low impact, affordable housing community .

Toppesfield Community Pub - Villagers from the South Essex community pulled together to save Toppesfield's only pub from redevelopment, and secure its future as a hub for the local community .

ODE - an award winning restaurant in Shaldon, Devon. Triodos Bank helped to finance the development of an additional, purpose-built outlet - Cafe ODE which has been completed to very high environmental specifications.

Slatach hydropower station - Kinlochmoidart, Scotland, is being developed by TLS Hydro, one of the UK's leading independent operators of small hydropower .

Notes to editors

For more information, high resolution photographs, case studies, customer quotes, or to arrange interviews, please contact Will Ferguson 0117 980 9770 or email 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.

 

Who we are

Triodos is a global pioneer of sustainable banking. Our mission is to make money work for positive social, environmental and cultural change.

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