2020

2019

 

 

 

Dutch government bonds

69,983

70,292

Belgian government bonds

141,697

168,222

Spanish government bonds

63,209

72,182

United Kingdom government bonds

63,120

78,068

Other bonds

968,775

634,658

Interest receivable

9,434

9,223

Fair value hedge accounting

1,146

1,680

Allowance for ECL

-63

-34

 

 

 

Balance sheet value as at 31 December

1,317,301

1,034,291

The movement in debt securities at amortised cost is as follows:

 

2020

2019

 

 

 

Balance sheet value as at 1 January

1,034,291

1,270,624

Purchase

527,238

141,558

Repayments

-225,689

-368,610

Sale

-

-

Amortisation difference between acquisition price and redemption value

-10,752

-9,512

Exchange rate results on foreign currencies

-7,435

1,770

Interest receivable movement

211

-2,186

Fair value hedge accounting movement

-534

650

Net movement in allowance for ECL

-29

-3

 

 

 

Balance sheet value as at 31 December

1,317,301

1,034,291

The increase in the debt securities are in the other bonds. The other bonds consists of European regional government and corporate bonds, listed and non-listed. The debt securities including the other bonds are specified below.

The interest bearing securities in the statement below, as at 31 December, are valued at amortised cost. This is the book value without the interest receivable, fair value hedge accounting and the allowance for the ECL.

Issuer

2020

Public sector entities

Listed

Non-listed

Maturity <1 year

Maturity >1 year

Of which Green bond1)

Belgium, government

141,697

-

32,882

108,815

-

Comunidad Autonoma de Madrid, Spain

125,350

-

25,108

100,242

14,486

Hessen, Germany

86,319

-

-

86,319

-

Region Wallonne, Belgium

71,128

20,001

30,001

61,128

-

The Netherlands, government

69,983

-

-

69,983

-

Kingdom of Spain, government

63,209

-

10,038

53,171

-

United Kingdom, government

63,120

-

17,414

45,706

-

European Investment Bank

50,935

-

4,932

46,003

-

Berlin, Germany

41,607

-

-

41,607

-

Autonomous Community of Basque Country, Spain

41,495

-

-

41,495

-

Instituto de Crédito Official (government guaranteed), Spain

37,396

-

31,398

5,998

-

Schleswig-Holstein, Germany

30,080

-

10,004

20,076

-

Xunta de Galicia, Spain

28,027

-

-

28,027

-

Niedersachsen, Germany

24,711

-

-

24,711

-

Junta de Castilla y Leon, Spain

24,127

-

-

24,127

-

Ayuntamiento de Madrid, Spain

23,672

-

8,153

15,519

-

Gemeinsame Deutsche Bundeslaender, Germany

21,920

-

-

21,920

-

Nordrhein-Westfalen, Germany

20,019

-

-

20,019

-

Region Ile de France

17,986

-

-

17,986

17,986

Rheinland-Pfalz, Germany

15,116

-

-

15,116

-

Transport for London, United Kingdom

5,729

-

-

5,729

5,729

Comunidad Autónoma de Andalucía, Spain

3,729

-

-

3,729

-

Deutschsprachige Gemeinschaft Belgiens, Belgium

-

20,005

20,005

-

-

Brussels Region, Belgium

-

17,301

-

17,301

-

Fonds régional bruxellois de refinancement des trésoreries communales, Belgium

-

10,026

-

10,026

-

La Commanauté Francaise de Belgique, Belgium

-

10,000

-

10,000

-

Provincie Vlaams-Brabant, Belgium

-

6,000

6,000

-

-

 

 

 

 

 

 

Total public sector entities

1,007,355

83,333

195,935

894,753

38,201

1 These are Green/sustainable bonds of which the proceeds are invested by the issuer in areas such as sustainable energy, energy efficiency and microfinance.

Issuer

2020

Non-public sector entities

Listed

Non-listed

Maturity <1 year

Maturity >1 year

Of which Green bond1)

Adif Alta Velocidad, Spain

48,125

-

-

48,125

-

Coöperative Rabobank U.A., The Netherlands

24,996

-

24,996

-

24,996

NRW Bank (government guaranteed), Germany

24,939

-

-

24,939

19,891

Kreditanstalt für Wiederaufbau (government guaranteed), Germany

21,820

-

-

21,820

-

Unibail-Rodamco-Westfield, France

15,941

-

-

15,941

-

Landwirtschaftliche Rentenbank, Germany

11,549

-

-

11,549

-

Nationwide Building Society, United Kingdom

11,171

-

-

11,171

-

Anglian Water Services Financing Plc, United Kingdom

10,522

-

-

10,522

10,522

ABN AMRO Bank N.V., The Netherlands

10,497

-

-

10,497

10,497

Bank Nederlandse Gemeenten (BNG), The Netherlands

6,037

-

6,037

-

-

Cofinimmo SA N.V., Belgium

4,999

-

-

4,999

4,999

Ethias Vie, Belgium

500

-

-

500

-

Société Régionale Wallonne du Transport (government guaranteed), Belgium

-

15,000

15,000

-

-

Aquafin NV, Belgium

-

10,000

2,000

8,000

10,000

 

 

 

 

 

 

Total non-public sector entities

191,096

25,000

48,033

168,063

80,905

1 These are Green/sustainable bonds of which the proceeds are invested by the issuer in areas such as sustainable energy, energy efficiency and microfinance.

Issuer

2019

Public sector entities

Listed

Non-listed

Maturity <1 year

Maturity >1 year

Of which Green bond1)

Belgium, government

168,222

-

25,228

142,994

-

Comunidad Autonoma de Madrid, Spain

114,355

-

2,873

111,482

11,107

United Kingdom, government

78,069

-

10,631

67,438

-

Kingdom of Spain, government

72,182

-

28,829

43,353

-

The Netherlands, government

70,292

-

-

70,292

-

Region Wallonne, Belgium

40,000

20,000

10,000

50,000

-

Instituto de Crédito Official (government guaranteed), Spain

38,708

-

6,500

32,208

-

Junta de Castilla y Leon, Spain

24,558

-

-

24,558

-

Ayuntamiento de Madrid, Spain

24,019

-

-

24,019

-

Autonomous Community of Basque Country, Spain

20,629

-

-

20,629

-

Xunta de Galicia, Spain

15,000

-

-

15,000

-

European Investment Bank

11,828

-

11,828

-

11,828

Transport for London, United Kingdom

6,096

-

-

6,096

6,096

Deutschsprache Gemeinschaft Belgiens, Belgium

-

20,017

-

20,017

-

Brussels Region, Belgium

-

10,044

-

10,044

-

La Commanauté Francaise de Belgique, Belgium

-

10,000

-

10,000

-

Provincie Vlaams-Brabant, Belgium

-

6,000

-

6,000

-

 

 

 

 

 

 

Total public sector entities

683,958

66,061

95,889

654,130

29,031

1 These are Green/sustainable bonds of which the proceeds are invested by the issuer in areas such as sustainable energy, energy efficiency and microfinance.

Issuer

2019

Non-public sector entities

Listed

Non-listed

Maturity <1 year

Maturity >1 year

Of which Green bond1)

Landwirtschaftliche Rentenbank, Germany

50,000

-

50,000

-

50,000

Adif Alta Velocidad, Spain

45,305

-

-

45,305

-

ABN AMRO Bank N.V., The Netherlands

26,487

-

15,992

10,495

26,487

Coöperative Rabobank U.A., The Netherlands

24,991

-

-

24,991

24,991

NRW Bank (government guaranteed), Germany

19,872

-

-

19,872

19,872

Kreditanstalt für Wiederaufbau (government guaranteed), Germany

17,165

-

5,907

11,258

5,907

ING Bank N.V., The Netherlands

13,009

-

13,009

-

13,009

Nationwide Building Society, United Kingdom

11,820

-

-

11,820

-

Anglian Water Services Financing Plc, United Kingdom

11,174

-

-

11,174

11,174

Bank Nederlandse Gemeenten (BNG), The Netherlands

6,082

-

-

6,082

-

Cofinimmo SA N.V., Belgium

4,998

-

-

4,998

4,998

Ethias Vie, Belgium

500

-

-

500

-

Société Régionale Wallonne du Transport (government guaranteed), Belgium

-

30,000

15,000

15,000

-

Aquafin NV, Belgium

-

12,000

2,000

10,000

12,000

 

 

 

 

 

 

Total non-public sector entities

231,403

42,000

101,908

171,495

168,438

1 These are Green/sustainable bonds of which the proceeds are invested by the issuer in areas such as sustainable energy, energy efficiency and microfinance.

Part of the value of securities is used as collateral for a possible debit balance, amounting to EUR 177.5 million at the Dutch Central Bank (2019: EUR 89.4 million).

As part of the interest rate risk management Triodos Bank entered into interest rate swaps to hedge the interest risk on fixed interest rate bonds. Triodos Bank changed its risk management strategy by using portfolio fair value hedging. The remaining fair value hedge accounting movement will amortise over the remaining lifetime.