Triodos increases UK lending
by David Masters
Ethical bank Triodos increased its lending in the UK by nearly one third in the first half of this year.
Current lending by the bank rose to £223 million, with a further £82 million in loan commitments that have yet to be drawn down.
This £305 million total represents an overall lending increase of 29% compared to the first half of 2008.
Customer funds held at the bank also increased in the first half of 2009, rising 2.3% to £347 million.
“While many banks have cut back on credit after the financial crisis, we have stepped in to fill the gap, resulting in considerable growth in our lending activity”, said Bevis Watts, Triodos head of business banking.
In July Triodos was voted the most sustainable bank of the year by an international jury appointed by the Financial Times and the IFC.
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Tags: 2009, ethical banking, H1, lending, Triodos, UK
