2020

2019

 

 

 

Shares S.W.I.F.T. SCRL

80

20

Participating interests designated at fair value through OCI

26,673

19,542

Participating debt at mandatory fair value through profit and loss

4,461

4,737

 

 

 

Balance sheet value as at 31 December

31,214

24,299

The shares in S.W.I.F.T. SCRL are held in the framework of the Bank's participation in S.W.I.F.T. payment transactions.

 

2020

2019

Balance sheet value as at 1 January

20

20

Purchase

60

-

Sales

-

-

 

 

 

Balance sheet value as at 31 December

80

20

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 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) Triodos Bank estimates the fair value through the net asset value. The other participating interests can be broken down as follows.

 

2020

2019

 

Participating interest

Amount in thousands of EUR

Participating interest

Amount in thousands of EUR

 

 

 

 

 

Participating interests at fair value through OCI

 

 

 

 

Amalgamated Bank, New York1)

2.3%

8,156

2.3%

12,569

Merkur Bank KGaA, Copenhagen1)

6.2%

3,150

3.0%

1,210

Cultura Bank Sparebank, Oslo1)

1.2%

95

1.2%

102

GLS Gemeinschaftsbank eG, Bochum1)

1.8%

10,050

0.0%

50

Banca Popolare Etica Scpa, Padova1)

0.2%

133

0.2%

133

Ekobanken Medlemsbank, Järna1)

0.6%

52

0.6%

49

Social Enterprise Finance Australia Limited, Sydney

4.5%

1

4.5%

1

Bpifrance Financement S.A., Maisons-Alfort.

0.0%

140

0.0%

140

Nederlandse Financieringsmaatschappij voor Ontwikkelingslanden N.V. (FMO), The Hague1)

2.0%

702

2.0%

861

Thrive Renewables Plc, Bristol

5.8%

3,275

5.7%

3,434

Transactie Monitoring Nederland BV, Purmerend

3.0%

210

0.0%

-

La Société d’Investissement France Active (SIFA), Montreuil

0.1%

300

0.1%

302

Visa Inc, San Francisco1)

0.0%

309

0.0%

591

La Bolsa Social, plataforma de financiación participativa, S.A., Madrid

6.0%

100

6.0%

100

 

 

 

 

 

Balance sheet value as at 31 December

 

26,673

 

19,542

Participating debt at fair value through profit and loss

 

 

 

 

Sustainability – Finance – Real Economies SICAV-SIF public limited liability company, Luxembourg

12.8%

4,150

13.0%

4,737

Visa Inc, San Francisco1)

0.0%

311

0.0%

-

 

 

 

 

 

Balance sheet value as at 31 December

 

4,461

 

4,737

1 Credit institution

The movement of the participating interest at fair value through OCI is as follows:

 

2020

2019

 

 

 

Balance sheet value as at 1 January

19,542

19,018

Acquisitions

210

-

Increase of capital

12,099

349

Revaluation

-4,138

-279

Repayment of capital

-

-

Divestments

-

-

Conversion*

-292

-

Exchange rate results on foreign currencies

-748

454

 

 

 

Balance sheet value as at 31 December

26,673

19,542

The movement of the participating debt at fair value through profit and loss is as follows:

 

2020

2019

 

 

 

Balance sheet value as at 1 January

4,737

3,430

Acquisitions

-

-

Increase of capital

-

877

Revaluation

-208

352

Repayment of capital

-

-

Divestments

-

-

Conversion*

292

-

Exchange rate results on foreign currencies

-360

78

 

 

 

Balance sheet value as at 31 December

4,461

4,737

* A portion of the shares held in Visa were converted and are therefore derecognised as participating interest at fair value through OCI and recognised as participating debt at fair value through profit and loss.