Amounts in millions of EUR

2019

2018*

2017

2016

2015

*

Prior year amounts were subject to accounting principle changes. For explanations see the general accounting principles.

1

Including funds under management with affiliated parties that have not been included in the consolidation.

2

Triple Bottom Line assets refer to assets not only focused on economic benefits, but also on positive social and environmental benefits. We believe this figure provides the best indication of a bank’s commitment to sustainability. The assets committed to the Real Economy and to the Triple Bottom Line for the years 2015 and 2016 have not been reviewed.

3

The figure of net profit per share is calculated on the average number of issued shares in circulation during the financial year.

4

The ratio of highest to median salary (excluding highest salary) follows the GRI criteria and is considered best practice. All salaries are calculated on a full-time basis. The ratio of the highest to the lowest salary is reported in the co-worker report.

5

2018 was the first year of reporting using the Partnership for Carbon Accounting Financials (PCAF) methodology. 100% (2018: 68%) of our outstanding loans and funds’ investments are assessed in 2019.

Financial

 

 

 

 

 

Equity

1,200

1,112

1,013

904

781

Funds entrusted

10,690

9,558

8,722

8,025

7,283

Loans

8,187

7,248

6,598

5,708

5,216

 

 

 

 

 

 

Balance sheet total

12,060

10,850

9,902

9,081

8,211

Funds under management1

5,671

4,673

4,604

4,373

4,087

Total assets under management

17,731

15,523

14,506

13,454

12,298

 

 

 

 

 

 

Total income

292.0

261.1

240.3

217.6

211.6

Operating expenses

–234.6

–212.1

–190.2

–171.9

–150.2

Impairments loan portfolio

–3.9

–3.5

–1.8

–5.7

–7.6

Value adjustments to participating interests

0.3

–0.5

1.3

–1.5

0.2

Operating result before taxation

53.8

45.0

49.6

38.5

54.0

Taxation on operating result

–15.0

–10.3

–12.2

–9.3

–13.3

Net profit

38.8

34.7

37.4

29.2

40.7

 

 

 

 

 

 

(Common) equity tier 1 ratio

17.9%

17.5%

19.2%

19.2%

19.0%

Leverage ratio

8.5%

8.6%

8.9%

8.8%

8.4%

Operating expenses/total income

80%

81%

79%

79%

71%

Return on equity in %

3.4%

3.3%

3.9%

3.5%

5.5%

Return on assets in %

0.3%

0.3%

0.4%

0.3%

0.5%

Real Economy assets/Balance sheet total2

76.1%

77.5%

80.2%

80.6%

83.3%

Triple Bottom Line assets/Balance sheet total2

73.8%

76.3%

75.3%

77.0%

77.9%

 

 

 

 

 

 

Per share (in EUR)

 

 

 

 

 

Net asset value at year end

83

82

83

82

81

Net profit3

2.78

2.69

3.19

2.83

4.40

Dividend

1.35

1.95

1.95

1.95

1.95

 

 

 

 

 

 

Number of depository receipt holders

44,401

42,416

40,077

38,138

35,735

Number of accounts – retail

830,816

839,242

808,090

759,738

707,057

Number of accounts – business

77,984

68,751

60,339

50,765

44,418

 

 

 

 

 

 

Social

 

 

 

 

 

Number of co-workers at year end

1,493

1,427

1,377

1,271

1,121

Co-worker turnover

10%

9%

9%

8%

14%

Women as percentage of management team

44%

39%

44%

40%

38%

Ratio of highest to median salary4

5.6

5.6

5.7

5.7

5.7

 

 

 

 

 

 

Environment

 

 

 

 

 

Triodos Bank’s own emissions, 100% compensation (in ktonne CO2 eq.)

2.9

2.8

3.1

3.1

3.0

Net emissions in outstanding loans and investments (in ktonne CO2 eq.)5

265

152

Avoided emissions in renewable energy loans and investments (in ktonne CO2 eq.)5

962

985

 

 

 

 

 

 

Amounts in millions of EUR

2019

2018*

2017

2016

2015

 

 

 

 

 

 

 

 

 

 

 

 

Financial

 

 

 

 

 

Equity

1,200

1,112

1,013

904

781

Funds entrusted

10,690

9,558

8,722

8,025

7,283

Loans

8,187

7,248

6,598

5,708

5,216

 

 

 

 

 

 

Balance sheet total

12,060

10,850

9,902

9,081

8,211

Funds under management1

5,671

4,673

4,604

4,373

4,087

 

 

 

 

 

 

 

 

 

 

 

 

Total assets under management

17,731

15,523

14,506

13,454

12,298

 

 

 

 

 

 

Total income

292.0

261.1

240.3

217.6

211.6

Operating expenses

–234.6

–212.1

–190.2

–171.9

–150.2

Impairments loan portfolio

–3.9

–3.5

–1.8

–5.7

–7.6

Value adjustments to participating interests

0.3

–0.5

1.3

–1.5

0.2

 

 

 

 

 

 

 

 

 

 

 

 

Operating result before taxation

53.8

45.0

49.6

38.5

54.0

Taxation on operating result

–15.0

–10.3

–12.2

–9.3

–13.3

 

 

 

 

 

 

 

 

 

 

 

 

Net profit

38.8

34.7

37.4

29.2

40.7

 

 

 

 

 

 

(Common) equity tier 1 ratio

17.9%

17.5%

19.2%

19.2%

19.0%

Leverage ratio

8.5%

8.6%

8.9%

8.8%

8.4%

Operating expenses/total income

80%

81%

79%

79%

71%

Return on equity in %

3.4%

3.3%

3.9%

3.5%

5.5%

Return on assets in %

0.3%

0.3%

0.4%

0.3%

0.5%

Real Economy assets/Balance sheet total2

76.1%

77.5%

80.2%

80.6%

83.3%

Triple Bottom Line assets/Balance sheet total2

73.8%

76.3%

75.3%

77.0%

77.9%

 

 

 

 

 

 

 

2019

2018*

2017

2016

2015

 

 

 

 

 

 

 

 

 

 

 

 

*

Prior year amounts were subject to accounting principle changes. For explanations see the general accounting principles.

1

Including funds under management with affiliated parties that have not been included in the consolidation.

2

Triple Bottom Line assets refer to assets not only focused on economic benefits, but also on positive social and environmental benefits. We believe this figure provides the best indication of a bank’s commitment to sustainability. The assets committed to the Real Economy and to the Triple Bottom Line for the years 2015 and 2016 have not been reviewed.

3

The figure of net profit per share is calculated on the average number of issued shares in circulation during the financial year.

4

The ratio of highest to median salary (excluding highest salary) follows the GRI criteria and is considered best practice. All salaries are calculated on a full-time basis. The ratio of the highest to the lowest salary is reported in the co-worker report.

5

2018 was the first year of reporting using the Partnership for Carbon Accounting Financials (PCAF) methodology. 100% (2018: 68%) of our outstanding loans and funds’ investments are assessed in 2019.

Per share (in EUR)

 

 

 

 

 

Net asset value at year end

83

82

83

82

81

Net profit3

2.78

2.69

3.19

2.83

4.40

Dividend

1.35

1.95

1.95

1.95

1.95

 

 

 

 

 

 

Number of depository receipt holders

44,401

42,416

40,077

38,138

35,735

Number of accounts – retail

830,816

839,242

808,090

759,738

707,057

Number of accounts – business

77,984

68,751

60,339

50,765

44,418

 

 

 

 

 

 

 

 

 

 

 

 

Social

 

 

 

 

 

Number of co-workers at year end

1,493

1,427

1,377

1,271

1,121

Co-worker turnover

10%

9%

9%

8%

14%

Women as percentage of management team

44%

39%

44%

40%

38%

Ratio of highest to median salary4

5.6

5.6

5.7

5.7

5.7

 

 

 

 

 

 

Environment

 

 

 

 

 

Triodos Bank’s own emissions, 100% compensation (in ktonne CO2 eq.)

2.9

2.8

3.1

3.1

3.0

Net emissions in outstanding loans and investments (in ktonne CO2 eq.)5

265

152

Avoided emissions in renewable energy loans and investments (in ktonne CO2 eq.)5

962

985