TlB Annual Report 2009 - Triodos Bank

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Risk management in thousands of EUR All risk information is based on Basel II guidelines as applicable since the beginning of 2008. Triodos Bank measures the following main types of risks that are associated with its business activities: Credit risk Liquidity risk Foreign exchange currency risk Interest rate risk CREDIT RISK The granting of facilities and lending creates the risk that the counterparty will not fulfil its obligations, leading to a financial loss for the Bank. The Bank’s policy is geared towards limiting the credit risk by: lending to debtors who are active in sectors that the Bank is familiar with; establishing sufficient collateral to cover the outstanding loans; periodically evaluating the creditworthiness of the debtors and the market value of the collateral; investing surplus of liquidity in deposits or interest-bearing securities of banks, governments and other counterparties with undisputed creditworthiness. Risk-weighted value of assets, off-balance sheet items and derivatives The following table provides an overview of the risk-weighted value of assets, off-balance sheet items and derivatives. The risk-weighted value forms the basis for the determination of the credit risk. Net exposure value 2009 2009 2009 2009 Credit risk mitigation Fully adjusted exposure value Riskweighted value Exposure class: Central governments and central banks Regional governments and local 409,749 179,976 589,725 — authorities 56,386 3,568 59,954 81 Banks 805,803 -64,024 741,779 168,453 Corporates 1,304,353 -105,704 1,198,649 1,035,406 Retail exposures 64,776 -7,609 57,167 34,777 Secured by property 651,064 -4,067 646,997 477,518 Past due items 24,671 -1,794 22,877 31,107 Other items 48,150 -346 47,804 47,804 3,364,952 — 3,364,952 1,795,146 Whereof: Assets 2,972,662 — 2,972,662 1,609,278 Off-balance sheet items 375,376 — 375,376 175,934 Derivatives 16,914 — 16,914 9,934 3,364,952 — 3,364,952 1,795,146 124 TRIODOS BANK - ANNUAL REPORT 2009
Net exposure value 2008 2008 2008 2008 Credit risk mitigation Fully adjusted exposure value Riskweighted value Exposure class Central governments and central banks Regional governments and local 329,773 15,637 345,410 — authorities — 2,480 2,480 723 Public sector entities — 188 188 186 Banks 708,496 53,650 762,146 198,288 Corporates 931,762 -60,650 871,112 732,710 Retail exposures 120,394 -7,670 112,724 85,429 Secured by property 507,411 -2,044 505,367 387,991 Past due items 27,875 -1,591 26,284 36,867 Other items 43,928 — 43,928 43,928 2,669,639 — 2,669,639 1,486,122 Whereof: Assets 2,348,961 — 2,348,961 1,341,752 Off-balance sheet items 306,924 — 306,924 135,880 Derivatives 13,754 — 13,754 8,490 2,669,639 — 2,669,639 1,486,122 Notes: The figures of 2008 have been changed based on renewed insights which led to reclassifications from corporates to secured by property. The net exposure value is a sum of: Assets excluding intangible assets, excluding discount of subordinated liabilities (included under prepayments and accrued income) and after deducting discount of bonds (included under accruals and deferred income); Off-balance sheet items, consisting of contingent liabilities and irrevocable facilities; Derivatives, valued at the credit risk equivalent, which is based on the additional costs or the lost revenues of a substitute transaction in the event that the counterparty does not fulfil its obligations. Credit risk mitigation relates to received collaterals (guarantees and pledged funds entrusted). As a result, the credit risk shifts from the exposure class of the direct counterparty to the exposure class of the collateral provider. This results in the fully adjusted exposure value for each exposure class. The risk-weighted value is calculated by multiplying the fully adjusted exposure value with the risk weight and the conversion factor. Basel II guidelines state the risk weights and conversion factors. Risk weights depend on the exposure class and the credit rating of the direct counterparty or the collateral provider. The risk weights per exposure class used by Triodos Bank are: Central governments and central banks: 0%; Regional governments and local authorities: 0% for Dutch governments, 20% for foreign governments; the percentage depends on national legislation; Public sector entities: 100%; Banks: 0% for exposures secured by pledged funds entrusted of Triodos Bank; 20% or 50% for exposures of or guaranteed by other banks, depending on the original term to maturity of the exposure; TRIODOS BANK - ANNUAL REPORT 2009 125
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TlB Annual Report 2009
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Key figures in pounds amounts in mi
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Triodos Bank nv ANNUAL REPORT 2009
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Triodos Group Structure at 1 Januar
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▼ Supervisory Board Annual Report
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Executive Board Annual Report The y
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other inspiring values-driven banks
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Statement of funds entrusted per br
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sustainability levels of the variou
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depository receipt was eur 71, incr
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Triodos Bank The Netherlands 2009 w
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Key figures The Netherlands amounts
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Triodos Bank Belgium The Belgian ba
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Key figures Belgium amounts in thou
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Triodos Bank United Kingdom The fin
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Key figures United Kingdom amounts
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Triodos Bank Spain The economic cri
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Key figures Spain amounts in thousa
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Triodos Bank Germany On 1 December
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TRIODOS BANK - ANNUAL REPORT 2009 3
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Triodos Bank Private Banking Privat
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Key figures Triodos Bank Private Ba
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Triodos Investment Management Triod
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in developing countries. The fund d
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TRIODOS SICAV II-TRIODOS MICROFINAN
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TRIODOS MEERWAARDE AANDELENFONDS (T
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Key figures Triodos Investment Mana
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Risk Management and Compliance Trio
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Lending decisions are made by local
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alance sheet and profit and loss ar
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isk appetite is economic capital. T
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Corporate Governance Triodos Bank i
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Statement of institutions with a pa
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Stakeholder dialogue Triodos Bank m
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TRIODOS BANK - ANNUAL REPORT 2009 6
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Young co-workers in particular were
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salaries. No bonuses were distribut
Page 79 and 80: ▼ Environmental report This repor
Page 81 and 82: WASTE As a result of the ems evalua
Page 83 and 84: BASIS OF NOTES AND ENVIRONMENTAL KE
Page 85: Environmental key figures absolute
Page 88 and 89: Consolidated balance sheet as at 31
Page 90 and 91: Consolidated statement of changes i
Page 92 and 93: Consolidated cashflow statement for
Page 94 and 95: GOVERNMENT PAPER AND INTEREST-BEARI
Page 96 and 97: TAXATION ON OPERATING RESULT Taxes
Page 98 and 99: The balance sheet value of the bank
Page 100 and 101: Part of the value of securities is
Page 102 and 103: The movement in goodwill paid is as
Page 104 and 105: The movement in equipment is as fol
Page 106 and 107: The movement of the provisions is a
Page 108 and 109: Fair values The following table set
Page 110 and 111: INCOME 20. INTEREST INCOME 2009 200
Page 112 and 113: EXPENSES 26. CO-WORKER AND OTHER AD
Page 114 and 115: The salary expenses and reimburseme
Page 116 and 117: 27. DEPRECIATION, AMORTISATION AND
Page 118 and 119: Segment reporting KEY FIGURES 2009
Page 120 and 121: KEY FIGURES 2008 BY BRANCH AND BUSI
Page 122 and 123: LENDING BY SECTOR IN 2009 in thousa
Page 124 and 125: LENDING BY SECTOR IN 2008 in thousa
Page 126 and 127: Solvency in thousands of EUR The so
Page 130 and 131: Corporates: 100%; Retail exposures:
Page 132 and 133: Risk-weighted value per country The
Page 134 and 135: The following table sets out the ac
Page 136 and 137: Notes: Interest bearing securities
Page 138 and 139: Solutions for Biotectura is an inno
Page 140 and 141: Company balance sheet as at 31 Dece
Page 142 and 143: Company statement of changes in the
Page 144 and 145: Notes to the company’s financial
Page 146 and 147: The movement in goodwill paid is as
Page 148 and 149: 36. PROVISIONS 2009 2008 Pension pr
Page 150 and 151: Auditor’s fees The table below sp
Page 152 and 153: TO THE ANNUAL GENERAL MEETING OF DE
Page 154 and 155: Two years ago, Vincent Remy receive
Page 156 and 157: helping to make sure that we combin
Page 158 and 159: Board of SAAT MR. J.C. VAN APELDOOR
Page 160 and 161: MR. J. LAMERS (1948) Jan Lamers is
Page 162 and 163: Alara in Camden, London, makes cere
Page 164 and 165: GRI Content Index Triodos Bank prep
Page 166 and 167: SOCIAL PERFORMANCE INDICATORS: SOCI
Page 168 and 169: Production Triodos Bank NV 2009 Ann
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