Triodos Bank’s Executive Board provides a perspective on the wider world it operates in, its impact and activity in 2016 and its prospects for the future.
50. Other Income
This relates to fees for other services performed and results from asset disposals. Visa Inc. acquired Visa Europe. Through our Credit Card provider network in Spain (ServiRed), Triodos Bank indirectly participated in Visa Europe. ServiRed decided to distribute the receivables of the Visa transaction. Consequently, Triodos Bank received EUR 1.3 million (before tax) in cash and shares in Visa Inc. This one-time income is reported as other income.