Triodos Bank, having its legal address at De Reehorst, Hoofdstraat 10a, in Driebergen-Rijsenburg, The Netherlands, is a public limited liability company (N.V.) under Dutch law (Chamber of Commerce 30062415). Triodos Bank finances companies, institutions and projects that add cultural value and benefit people and the environment, with the support of depositors and investors who want to encourage socially responsible business and a sustainable society.
The consolidated financial statements for the year ended 31 December 2021 were authorised for issue in accordance with a resolution of the directors on 16 March 2022.
These consolidated financial statements have been prepared in accordance with the International Financial Reporting Standards as adopted by the European Union ("IFRS") . These consolidated financial statements relate to the forty-first financial year of Triodos Bank N.V.
Triodos Bank has a resilient capital base. Our capital and liquidity ratios currently remain well above the minimum required levels and are expected to stay well above the minimum. Furthermore, in 2021 Triodos Bank has issued a Tier 2 Green Bond which has increased the Bank's capital ratios and diversified its capital base. Although the continuing impact of the COVID-19 pandemic on the economy remains unpredictable, based on the current knowledge and scenario analysis made there is currently no material uncertainty with respect to the financial condition of the company. Based on the aforementioned these financial statements have been prepared on the basis of the going-concern assumption.
The principal accounting policies are summarised below and have been applied consistently throughout the year, unless stated otherwise.