TlB Annual Report 2009 - Triodos Bank

More documents

Recommendations

Info

Berberia del Sahara y Sahel sells handicrafts, clothes, antiques, and accessories from North African, Middle Eastern and Central Asian nomads. The aim is to highlight fair trade and solidarity issues and the knowledge of nomadic cultural heritage. Co-owners Marc Pons and his wife Cristina Guillén have borrowed from Triodos Bank Spain to expand the stock for their shop.
Triodos Bank Spain The economic crisis hit especially hard in Spain in 2009, prompting a rapid increase in unemployment and the collapse of the construction industry. While the Spanish financial system appeared to have suffered less, many regional savings banks started or completed mergers. Despite this complex economic situation, Triodos Bank in Spain enjoyed a very positive financial year, achieving high growth figures and contributing to the Bank’s profit. Triodos Bank’s performance in Spain was buoyant throughout the year, with the balance sheet increasing by 38%. The number of customers rose by 57%. Around 40% of new customers know about Triodos Bank through recommendations from existing clients, who are our key ambassadors. The Spanish team has kept pace with this growth, professionally and efficiently managing considerable growth. To meet demand Triodos Bank opened three new offices during 2009 in the Madrid, Castile- Leon and Valencian Community regions. Preparations also began to open a new office in Aragon early in 2010, which was already operating at the time of making this report. Positive media interest and active participation in trade fairs, public conferences and other sustainability events, corporate social responsibility, the alternative economy and ethical banking have reinforced Triodos Bank’s profile. In 2009, the sustainable redevelopment of the Las Rozas building in Madrid, which houses Triodos Bank Spain’s central services, was completed. The project paid special attention to reduce energy consumption. ACHIEVEMENT OF GOALS FOR 2009 Triodos Bank Spain’s balance sheet total before the elimination of transactions between Triodos companies grew by 38% to eur 408 million in 2009. Funds entrusted increased by eur 93 million and an increase in capital added a further eur 11 million. The expected increase of funds in 2009 was eur 100 million. Lending increased by eur 105 million, beyond expectations of eur 80 million. The number of customers rose by 57% to more than 18,000, exceeding a target of 50%. The second issue of depository receipts for shares in Triodos Bank in Spain generated unprecedented demand, increasing equity by eur 11 million and doubling the original target. Triodos Bank’s profile in Spain has increased in the online media and on the radio in particular, due to both advertising and free publicity. Growth despite the crisis, the Financial Times Sustainable Bank of the Year Award, and the opening of new offices in Madrid, Valladolid, Valencia and Zaragoza have created a lot of extra media interest in national and local media, with considerable attention on the solidity and success of a unique form of banking in Spain. Triodos Bank Spain has played a leading role in the debate about sustainable banking both in public conferences, media and by highlighting its expertise in the social, cultural and environmental sectors. LENDING In 2009, the loan portfolio grew by eur 105 million (39%) to eur 374 million. This net growth is well above an ambitious target of eur 80 million. More and more companies and organisations regard Triodos Bank as their logical sustainable, financial partner, above all in organic farming, renewable energy and social sectors. During 2009, Triodos Bank signed key agreements with the Andalusian and Catalonian Regional Governments to provide lending to organic farmers and Special Employment Centres, creating a number of lending opportunities in the organic and social sectors. The sectors Triodos Bank lends to are relatively unaffected by the crisis. Only sustainable tourism could have felt the crisis due to a decline in demand. The sectors we finance, such as organic farming or solar energy, are increasingly mature industries and have brought a very positive impact to the loan portfolio. As a result, our default rates have continued to be below average in Spain, even when we have invested in innovative new businesses. SAVINGS Funds entrusted rose by eur 93 million (53%) to eur 269 million in 2009. This figure is close TRIODOS BANK - ANNUAL REPORT 2009 31
Page 1 and 2: TlB Annual Report 2009
Page 3 and 4: Key figures in pounds amounts in mi
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
Page 23 and 24: Triodos Bank The Netherlands 2009 w
Page 25 and 26: Key figures The Netherlands amounts
Page 27 and 28: Triodos Bank Belgium The Belgian ba
Page 29 and 30: Key figures Belgium amounts in thou
Page 31 and 32: Triodos Bank United Kingdom The fin
Page 33: Key figures United Kingdom amounts
Page 37 and 38: Key figures Spain amounts in thousa
Page 39 and 40: Triodos Bank Germany On 1 December
Page 41 and 42: TRIODOS BANK - ANNUAL REPORT 2009 3
Page 43 and 44: Triodos Bank Private Banking Privat
Page 45 and 46: Key figures Triodos Bank Private Ba
Page 47 and 48: Triodos Investment Management Triod
Page 49 and 50: in developing countries. The fund d
Page 51 and 52: TRIODOS SICAV II-TRIODOS MICROFINAN
Page 53 and 54: TRIODOS MEERWAARDE AANDELENFONDS (T
Page 55 and 56: Key figures Triodos Investment Mana
Page 57 and 58: Risk Management and Compliance Trio
Page 59 and 60: Lending decisions are made by local
Page 61 and 62: alance sheet and profit and loss ar
Page 63 and 64: isk appetite is economic capital. T
Page 65 and 66: Corporate Governance Triodos Bank i
Page 67 and 68: Statement of institutions with a pa
Page 69 and 70: Stakeholder dialogue Triodos Bank m
Page 71: TRIODOS BANK - ANNUAL REPORT 2009 6
Page 74 and 75: Young co-workers in particular were
Page 76 and 77: 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 128 and 129:
Risk management in thousands of EUR
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
show all

TlB Annual Report 2009 - Triodos Bank

Create successful ePaper yourself

Delete template?

Save as template?