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News Tag: Triodos

July 26, 2010

Social enterprises avoid capital injections

by David Masters
Social enterprises avoid capital injections
A £3m fund designed to help social enterprises expand has closed after making only one investment in two years. Triodos, the bank operating the fund, said most social enterprises are not yet ready for large capital injections. "The recession is having an impact," said Charles Middleton, Triodos UK managing direction. "But our experience was mainly not finding the number of social enterprises that were ready ...




July 20, 2010

Triodos and Charity Bank on track for record lending

by David Masters
Triodos and Charity Bank on track for record lending
Mid-year figures from Charity Bank and Triodos Bank show both lenders are on track for a record year of lending. During the first six months of this year, Charity bank agreed £20.9 million of new loans. This is compared to a total of £22.9 million for the whole of 2009. Figures from Triodos show new lending for the first ...




January 22, 2010

Ethical bank Triodos reports “phenomenal” growth

by David Masters
Ethical bank Triodos reported a record year for its UK operations in 2009, with lending and commitments growing by 73%. During 2009 the bank loaned nearly £250 million to organisations in the UK delivering social, environmental or cultural benefits. Bevis Watts, the bank's head of business banking, said the surge in lending for 2009 was "phenomenal". Environmental enterprise was a strong growth area for the bank, with lending to environmental ...




October 7, 2009

Bankers lambasted as unrepentant over crisis

by David Masters
Bankers lambasted as unrepentant over crisis
An ethical banking expert claimed this week that the mainstream banking sector has failed to show sufficient remorse for its role in the financial crisis. Charles Middleton, chief executive of the UK branch of ethical bank Triodos, said bank leaders have yet to take responsibility for their wrongdoings. Speaking ahead of a conference on ethical finance in Dublin, Middleton said he understands the ...




October 5, 2009

Triodos increases UK lending

by David Masters
Triodos increases UK lending
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 ...




October 2, 2009

Triodos to raise €90m for ethical lending

by David Masters
Triodos to raise €90m for ethical lending
Triodos Bank has announced plans to issue €90 million of new shares. Money raised from the shares will be used to provide loans to sustainable projects. Set up in 1980, Netherlands-based Triodos provides loans to environmentally-friendly projects such as wind farms and organic agriculture. Since the credit crunch, the company has seen an upsurge in interest in its sustainable approach to banking. Customer numbers ...




September 15, 2009

Profits up 50% at eco-bank

by David Masters
”Profits
Eco-friendly bank Triodos posted a 50% rise in profit for the first half of this year. Net profit at the Dutch bank for the six months ending 30 June 2009 was €5.7 million, up from €3.7 million in the first half of 2008. Deposits at the bank increased 15%, growth which Triodos believes reflects disillusionment with traditional banks because of the credit crunch. “The financial ...