In the first six months of 2012 Triodos Bank’s profit rose by 31% compared to the same period in 2011, to EUR 9.9 million. Net profit in the first half of 2011 was EUR 7.6 million.
Triodos Bank has a BIS ratio, an important indicator of its solvency, of 14.6% and a Core Tier 1 ratio of 14.3%. Triodos Bank has always had a strong capital position. To maintain it and to enable further growth of its loan portfolio, Triodos Bank continues to raise new capital, both issuing shares (depository receipts) throughout the year and through targeted campaigns. This strategy has proved successful.
In the second half of 2012, Triodos Bank will continue with capital raising campaigns run via local branches. It expects to reach a target of EUR 60 to 80 million by the year end. Barring unforeseen circumstances, steady growth in volumes in the second half of 2012 is expected.
Zeist, 30 August 2012
Triodos Bank Executive Board