Triodos Bank UK release financial results for first half of 2020
Bristol-based Triodos Bank UK has announced the release of its financial results for the first six months of this year.
In the first half of 2020 Triodos Bank UK balance sheet increased by 8.6% to £1.5bn (end of 2019: £1.38bn) and total loans increased by 3.2% to £1.08bn (from £976.5m) hitting more than £1bn for the first time. Total funds entrusted increased by 10% to £1.276bn (end of 2019: £1.161bn).
Bevis Watts, CEO, Triodos Bank UK, said: “We continue to scale our impact and deliver a track record of profitable growth. As we celebrate 25 years of operating in the UK this year it feels timely that we have reached a milestone of £1bn in sustainable lending.
“This represents investment in green energy & buildings, organic food & farming, care for those in need and support for arts & culture – all positive lending areas that really need support now more than ever as we look to reset our economy onto a sustainable and more socially inclusive footing.
“Through the COVID-19 crisis I am immensely proud that we have looked after our co-workers and maintained customer service levels. We have supported hundreds of customers and businesses in recent months to help them through this challenging time.
“Their continued energy and commitment to values-based banking has inspired us throughout. The impact we deliver through them was recognised by a Queen’s Award for Enterprise in Sustainable Development.”