Finance News: Triodos reports a successful year

Not-for-profit sector specialist bank Triodos has reported strong results for 2005.

The bank, which counts Greenpeace and Cafedirect among its customers, saw deposits by savers rise a total of £33m, or 17 per cent, during the year.

Loans grew by 14 per cent to £115m. The bank made new loans worth £53m, a net increase of £14m.

It also raised £4.75m in a share issue for Triodos Renewables, which allows individuals to invest in the renewable energy industry.

Charles Middleton, UK managing director of Triodos, said: "The growth in figures in 2005 shows just how far sustainable banking has come. We might be dwarfed by some of the high-street banks, but our rapid and sustained growth proves that people in general, and business in particular, can and are changing the world for the better."

Triodos, which has offices in the Netherlands, Belgium, Spain and Germany as well as the UK, also reported strong group figures. Net profit rose by 46 per cent to £3.6m. Meanwhile, shareholders also saw a growth in returns of 41 per cent.

KEY POINTS

- The not-for-profit specialist bank Triodos has reported a strong year

- Deposits by the bank's savers rose by 17 per cent, or £33

- The bank also made new loans worth £53m, a net rise of £14m.

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