Amounts in millions of EUR

2018

2017

2016

2015

2014

1

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

2

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

3

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 2014-2016 have not been reviewed.

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 is the first year of reporting using the Platform for Carbon Accounting Financials (PCAF) methodology. Around 68% of our outstanding loans and funds’ investments are assessed.

Financial

 

 

 

 

 

Equity

1,131

1,013

904

781

704

Funds entrusted

9,558

8,722

8,025

7,283

6,289

Loans

7,274

6,598

5,708

5,216

4,266

 

 

 

 

 

 

Balance sheet total

10,870

9,902

9,081

8,211

7,152

Funds under management1

4,673

4,604

4,373

4,087

3,480

Total assets under management

15,543

14,506

13,454

12,298

10,632

 

 

 

 

 

 

Total income

266.2

240.3

217.6

211.6

189.6

Operating expenses

–211.8

–190.2

–171.9

–150.2

–138.4

Impairments loan portfolio

–3.5

–1.8

–5.7

–7.6

–11.1

Value adjustments to participating interests

–0.5

1.3

–1.5

0.2

0.2

Operating result before taxation

50.4

49.6

38.5

54.0

40.3

Taxation on operating result

–11.8

–12.2

–9.3

–13.3

–10.2

Net profit

38.6

37.4

29.2

40.7

30.1

 

 

 

 

 

 

(Common) equity tier 1 ratio

17.7%

19.2%

19.2%

19.0%

19.0%

Leverage ratio

8.7%

8.9%

8.8%

8.4%

8.8%

Operating expenses/total income

80%

79%

79%

71%

73%

Return on equity in %

3.6%

3.9%

3.5%

5.5%

4.4%

Return on assets in %

0.4%

0.4%

0.3%

0.5%

0.4%

Real Economy assets/Balance sheet total3

77.6%

80.2%

80.6%

83.3%

72.2%

Triple Bottom Line assets/Balance sheet total3

76.5%

75.3%

77.0%

77.9%

76.9%

 

 

 

 

 

 

Per share (in EUR)

 

 

 

 

 

Net asset value at year end

84

83

82

81

78

Net profit2

2.99

3.19

2.83

4.40

3.41

Dividend

1.95

1.95

1.95

1.95

1.95

 

 

 

 

 

 

Number of depository receipt holders

42,416

40,077

38,138

35,735

32,591

Number of accounts – retail

839,242

808,090

759,738

707,057

628,321

Number of accounts – business

68,751

60,339

50,765

44,418

36,320

 

 

 

 

 

 

Social

 

 

 

 

 

Number of co-workers at year end

1,427

1,377

1,271

1,121

1,017

Co-worker turnover

9%

9%

8%

14%

10%

Women as percentage of management

39%

44%

40%

38%

40%

Ratio of highest to median salary4

5.6

5.7

5.7

5.7

5.6

 

 

 

 

 

 

Environment

 

 

 

 

 

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

2.8

3.1

3.1

3.0

3.1

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

152

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

–985