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Triodos Bank reports 17% growth in sustainable lending

Theo Osborn | 16:31 Friday 22nd March 2019

Triodos Bank has reported a 17% year-on-year growth in sustainable lending for the year ended 31st December 2018.

The bank financed 513 projects in the sustainable energy sector, around 717,000m2 of sustainable property and 550 education initiatives in 2018.

It expects growth of between 5-10% in 2019, with its sustainable loan portfolio anticipated to grow by 20%.

Triodos has revealed that it will expand its executive board with a chief risk officer, while it is also currently recruiting a chief finance officer.

Bevis Watts, managing director at Triodos Bank UK, said: "We continue to see strong growth in new customers — amounting to a 26% increase over the past three years. 

“Our personal current account can inspire the many people who make conscious sustainable choices in their daily lives to move their banking to a bank which shares their values, and which is working to have a real, positive impact on society. 

“We offer the opportunity for people to see their money is used to benefit them, their community and society in the long term.”

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