Triodos Bank expects to grow its bank balance sheet more modestly, maintaining a stable loan-to-deposit ratio and TCR. It aims to grow its fee income with particular emphasis on growing Triodos Investment Management activities.

The bank will focus on the impact, profitability and diversification of its loan portfolio. We will put extra effort into identifying loans to frontrunners in their fields, the entrepreneurs developing the sustainable industries of the future. In addition, we will get more concrete in 2022 on how to live up to the pledge to be climate neutral in 2035. Persistent low interest rates and increasing regulatory costs continue to pose a serious challenge. And yet there are significant opportunities for Triodos Bank as a frontrunner in responsible finance. With a controlled growth strategy, we aim to generate maximum impact and stable profit levels.

Funding creative, cultural and social initiatives


Triodos Bank and the European Investment Fund (EIF) have signed a guarantee agreement for the creative and cultural sector under the European Union’s Cultural and Creative Sectors guarantee facility, backed by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe. The guarantee facility allows Triodos Bank to provide up to EUR 200 million in loans to entrepreneurs in the creative and cultural sectors over the next two years in the EU Member States where Triodos operates, namely the Netherlands, Belgium, Spain and Germany. The geographical split will depend on demand from markets. Since the start this year we have been able to finance EUR 31 million to 76 entrepreneurs in the creative and cultural sectors.

Through the Social Entrepreneurship guarantee agreement provided under the EU Programme for Employment and Social Innovation (EaSI), Triodos Bank has until the end of 2021 been able to finance EUR 87 million to 412 social enterprises in the Netherlands, Belgium, France and Spain. This was more than expected as we originally started with the aim of EUR 65 million.