Triodos Bank announces 29% annual rise in UK lending

Social lender reports increase in the first half of 2009

Social lender Triodos Bank increased its lending in the UK by almost one-third in the first half of 2009.

First-half-year results from the lender showed it had increased current lending to £223m, with a further £82m in loan commitments that have not yet been drawn down - a combined increase of 29 per cent compared with the same period last year.

Triodos also reported a rise in customer funds held with the bank, up by 2.3 per cent to £347m.

Bevis Watts, head of business banking at Triodos Bank, said: "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."

Topics:
Finance

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