General

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 2022 were authorised for issue in accordance with a resolution of the directors on 15 March 2023.

These consolidated financial statements have been prepared in accordance with the International Financial Reporting Standards as adopted by the European Union and the relevant articles of Part 9 of Book 2 of the Dutch Civil Code. These consolidated financial statements relate to the forty-second financial year of Triodos Bank N.V.

The financial statements have been prepared on a going concern basis and there are no doubts about the ability of Triodos Bank to continue to operate on a going concern basis. The Bank has a resilient capital base. The capital and liquidity ratios currently remain well above the minimum required levels and are expected to stay well above these minimum levels, even in adverse scenario's.

Although the impact of the current developments, high inflation and low GDP growth on the economy and thereby the future performance of Triodos Bank remains unpredictable, there is no material uncertainty with respect to the financial condition of the company, based on the current knowledge and scenario analysis made. In preparing the consolidated financial statements, Management has made an assessment on Triodos Bank's ability to continue as a going concern and has concluded that there are no material uncertainties which would cast significant doubt over the ability of the bank to continue to operate as a going concern. In order to enhance the future profitability of Triodos Bank, a program has been initiated in 2022 to optimize the resources and deliver increased impact for the bank’s customers and investors.

The principal general accounting policies are summarised below and the specific accounting policies are outlined in the relevant notes. The accounting policies have been applied consistently throughout the year, unless stated otherwise. All amounts have been rounded to the nearest thousand, unless stated otherwise. Amounts may not add up due to rounding.