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7. Participating Interests

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in thousands of EUR

2015

2014

 

 

 

 

 

 

Other participating interests

13,803

8,720

 

 

 

As part of its mission, Triodos Bank wishes sustainable banking to create more and more impact over the world. In this respect, Triodos Bank provides equity funding to like minded financial institutions in order to increase growth of the sustainable banking sector. No significant influence can be exercised on our participating interests. The value of these interests in the amount of EUR 13.8 million (2014: EUR 8.7 million) is based on the published share price. In absence of a public share price or if such a public share price is established in a non active stock exchange market (low trading activity), such as with New Resource Bank, Triodos Bank estimates the fair value through the net asset value. We have participating interests in the New Resource Bank, San Francisco, Merkur Bank, Copenhagen, Cultura Bank, Oslo, GLS Gemeinschaftsbank eG, Bochum, Banca Popolare Etica Scpa, Padova, Ekobanken Medlemsbank, Järna, Social Enterprise Finance Australia Limited, Sydney, Bpifrance Financement, Maisons-Alfort, Sustainability – Finance – Real Economies SICAV-SIF, Luxembourg, Sustainalytics Holding B.V., Amsterdam and the Nederlandse Financieringsmaatschappij voor Ontwikkelingslanden N.V. (FMO), The Hague.

The movement in this item is as follows:

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in thousands of EUR

2015

2014

 

 

 

 

 

 

Balance sheet value as at 1 January

8,720

7,630

Acquisitions

2,185

113

Increase of capital

2,023

10

Revaluation

313

377

Repayment of capital

Exchange rate results on foreign currencies

562

590

 

 

 

 

 

 

Balance sheet value as at 31 December

13,803

8,720