TlB Annual Report 2009 - Triodos Bank

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to a target of eur 100 million, achieved despite intense competition from Spanish credit institutions to attract savings. The number of customers increased by 6,500 (57%), beyond ambitious expectations of 50%. The second issue of depository receipts for shares in Triodos Bank in Spain attracted unprecedented demand, attracting eur 11 million. This exceeded expectations, adding 500 new depository receipt holders to 300 existing Spanish investors. The international issue was fully subscribed and closed early, Esteban Barroso: “Despite difficult financial times, Triodos Bank in Spain combined greater impact with a positive financial performance; successfully managing high levels of growth and welcoming thousands of new customers.” with other investors still wanting to invest. In July 2009, the Bank launched the Cuenta Triodos Empresa, a savings account for socially responsible companies and organisations, which allows customers to donate interest to leading public interest organisations. Seven new social organisations joined the Cuenta Triodos in 2009, which now numbers 18 Non-Governmental Organisations (NGOs). They are leading campaigning organisations in ecology, human rights, fair trade or development cooperation, and share Triodos Bank’s approach to the conscious use of money for positive social change. Triodos Bank also collaborates with other organisations in other savings products. Examples include the Cuenta Justa fair trade account, the Ecodepósito green savings account and the Depósito Actúa, an account focusing on human rights. OTHER ACTIVITIES Triodos Foundation set up the second International Conference on Organic Farming and Financing, in Madrid, in November 2009. Focused on price setting, the conference was attended by more than 300 people. They included representatives from both national and international organisations from the organic farming sector and the regional and national Administration working in this sector. Together they debated the future of organic farming. In 2009, Triodos Bank Spain continued to promote the development of sustainable investment together with Analistas Internacionales en Sostenibilidad (ais). This company, part of the Triodos Group, completed its merger with Sustainalytics. PROSPECTS FOR 2010 Forecasts for 2010 in Spain warn that the economy will continue to shrink, while rates of unemployment increase. With falling interest rates in the euro zone, banks are seeing their margins decline and lending portfolios underperform. In 2010, we will continue to focus on growing and getting closer to our customers, improving our efficiency and set of services. To this end, we will implement a new ict local platform and improve our online presence and accessibility with a new website and new Internet Banking services. Triodos Bank expects the loan portfolio to increase by eur 160 million and funds entrusted to grow by eur 170 million. We also expect to increase customer numbers by 50%. As well as vigorous publicity and marketing efforts, new work processes will be implemented to cope with this growth. Triodos Bank Spain expects to further extend and improve its existing package of products and services for private and corporate customers in 2010, including popular products such as a new debit card. In addition, Triodos Bank in Spain wants to gradually increase the number of its regional offices, make the Triodos banking model more widely known and strengthen its ties with like-minded organisations. Madrid, 24 February 2010 Esteban Barroso, Managing Director For more information: www.triodos.es www.sustainalytics.com 32 TRIODOS BANK - ANNUAL REPORT 2009
Key figures Spain amounts in thousands of EUR 2009 2008 Funds entrusted 268,667 175,330 Number of accounts 26,563 17,716 Loans 373,838 268,565 Number 745 665 Balance sheet total* 407,555 295,665 Total income 10,459 7,210 Operating expenses -9,644 -6,457 Value adjustments to receivables -401 -123 Operating result before taxation 414 630 Taxation on operating result 91 -233 Net profit 323 397 Number of co-workers at year-end 80 61 * The amounts are shown before intercompany eliminations. The comparable figure for 2008 has been adjusted. TRIODOS BANK - ANNUAL REPORT 2009 33
Page 1 and 2: TlB Annual Report 2009
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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 31 and 32: Triodos Bank United Kingdom The fin
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Page 35: Triodos Bank Spain The economic cri
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Page 43 and 44: Triodos Bank Private Banking Privat
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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
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Page 65 and 66: Corporate Governance Triodos Bank i
Page 67 and 68: Statement of institutions with a pa
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Page 74 and 75: Young co-workers in particular were
Page 76 and 77: salaries. No bonuses were distribut
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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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TlB Annual Report 2009 - Triodos Bank

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