TlB Annual Report 2009 - Triodos Bank

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two organisations specialised in financing small loans in the sector. SAVINGS Funds entrusted grew by eur 137 million (24%) to eur 709 million, exceeding a target of eur 117 million. The composition of the funds entrusted changed due to low interest rates on both saving and deposit accounts. Approximately a quarter of entrusted funds came from deposit accounts in 2009 (compared to about a 50% share in 2008). Savings campaigns aimed at private savers led to increased volumes in that segment too. Olivier Marquet : ‘In 2009 an increasing number of enterprises and organisations chose Triodos Bank to finance their sustainable projects, because of our expertise in this field.’ INVESTMENTS At the end of 2009, our customers had invested eur 24 million in Triodos investment funds, compared to eur 17 million at the end of 2008. We postponed the launch of a sustainable pension savings fund due to the withdrawal of our potential partners. The managed assets within the private banking offering, managed in cooperation with Puilaetco private bank, grew by 73% to eur 38 million (2008: eur 22 million); the number of private banking customers doubled, and a senior private banker joined the team. In the same department a dedicated approach to wealthier customers was defined, providing individuals, associations and companies with tailor-made advice on Triodos investments products. OTHER ACTIVITIES The Triodos Bank depository receipt campaign was also very successful in Belgium among individual and institutional investors. Triodos Bank Belgium successfully led the private share issue of Ethical Property Europe, a real estate company which specialises in offices with social and environmental added value. This private placement exceeded expectations raising eur 2.65 million, predominantly from private investors. As expected, we recruited a relatively large number of new co-workers. At the end of 2009, the branch had 70 co-workers, a 32% increase. Growth came in all departments, reinforcing the commercial and operational capacity of the branch. PROSPECTS FOR 2010 In 2010, Triodos Bank Belgium expects to be able to maintain the pace of growth at the same level of 2009. We anticipate an upward trend in interest rates on savings from mid 2010 and stabilizing interest margins on loans. We expect to deliver net growth of eur 153 million. We expect growth in our entrusted funds of eur 135 million. In Private Banking we expect to increase Funds under management by eur 28 million. We expect to increase the number of clients by 7,000. We also intend to launch an elderly homes real estate fund, for institutional investors to invest in real estate for the elderly, and a microfinance fund in cooperation with Triodos Group’s Emerging Markets team. We will hire additional office space and further invest in process improvement and training. Finally, we will continue to invest in the profile of the bank at the forefront of sustainable banking through corporate events and wider communication activity. Brussels, 24 February 2010 Olivier Marquet, Managing Director For more information: www.triodos.be www.ethicalproperty.eu www.netwerkvlaanderen.be www.credal.be 24 TRIODOS BANK - ANNUAL REPORT 2009
Key figures Belgium amounts in thousands of EUR 2009 2008 Funds entrusted 708,738 572,164 Number of accounts 36,374 30,434 Loans 357,591 259,206 Number 1,374 1,103 Balance sheet total* 779,963 619,897 Total income 15,017 8,914 Operating expenses -10,723 -7,523 Value adjustments to receivables -1,255 66 Operating result before taxation 3,039 1,457 Taxation on operating result -491 -118 Net profit 2,548 1,339 Number of co-workers at year-end 70 53 * The amounts are shown before intercompany eliminations. The comparable figure for 2008 has been adjusted. TRIODOS BANK - ANNUAL REPORT 2009 25
Page 1 and 2: TlB Annual Report 2009
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Page 5: Triodos Bank nv ANNUAL REPORT 2009
Page 8 and 9: Triodos Group Structure at 1 Januar
Page 11 and 12: ▼ Supervisory Board Annual Report
Page 13 and 14: Executive Board Annual Report The y
Page 15 and 16: other inspiring values-driven banks
Page 17 and 18: Statement of funds entrusted per br
Page 19 and 20: sustainability levels of the variou
Page 21 and 22: depository receipt was eur 71, incr
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Page 39 and 40: Triodos Bank Germany On 1 December
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Page 49 and 50: in developing countries. The fund d
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Page 55 and 56: Key figures Triodos Investment Mana
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Page 74 and 75: Young co-workers in particular were
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▼ Environmental report This repor
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WASTE As a result of the ems evalua
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BASIS OF NOTES AND ENVIRONMENTAL KE
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Environmental key figures absolute
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Consolidated balance sheet as at 31
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Consolidated statement of changes i
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Consolidated cashflow statement for
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GOVERNMENT PAPER AND INTEREST-BEARI
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TAXATION ON OPERATING RESULT Taxes
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The balance sheet value of the bank
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Part of the value of securities is
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The movement in goodwill paid is as
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The movement in equipment is as fol
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The movement of the provisions is a
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Fair values The following table set
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INCOME 20. INTEREST INCOME 2009 200
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EXPENSES 26. CO-WORKER AND OTHER AD
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The salary expenses and reimburseme
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27. DEPRECIATION, AMORTISATION AND
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Segment reporting KEY FIGURES 2009
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KEY FIGURES 2008 BY BRANCH AND BUSI
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LENDING BY SECTOR IN 2009 in thousa
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LENDING BY SECTOR IN 2008 in thousa
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Solvency in thousands of EUR The so
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Risk management in thousands of EUR
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Corporates: 100%; Retail exposures:
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Risk-weighted value per country The
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The following table sets out the ac
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Notes: Interest bearing securities
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Solutions for Biotectura is an inno
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Company balance sheet as at 31 Dece
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Company statement of changes in the
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Notes to the company’s financial
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The movement in goodwill paid is as
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36. PROVISIONS 2009 2008 Pension pr
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Auditor’s fees The table below sp
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TO THE ANNUAL GENERAL MEETING OF DE
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Two years ago, Vincent Remy receive
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helping to make sure that we combin
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Board of SAAT MR. J.C. VAN APELDOOR
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MR. J. LAMERS (1948) Jan Lamers is
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Alara in Camden, London, makes cere
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GRI Content Index Triodos Bank prep
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SOCIAL PERFORMANCE INDICATORS: SOCI
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Production Triodos Bank NV 2009 Ann
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