<static text missing - table.ods.prefix >Download (ODS)

amounts in millions of EUR

2022

2021

2020

2019

2018

Equity

1,259

1,250

1,208

1,201

1,112

Deposits from customers

13,816

13,285

11,747

10,694

9,564

Loans and advances to customers

10,620

10,168

9,157

8,209

7,267

 

 

 

 

 

 

Balance sheet total

15,800

16,504

13,888

12,082

10,867

Funds under management1

6,793

7,6952

6,362

5,671

4,673

Total assets under management

22,593

24,199

20,250

17,753

15,540

 

 

 

 

 

 

Total income

375.3

341.9

305.1

292.2

257.1

Operating expenses

-300.1

-275.2

-245.4

-234.4

-204.3

Impairment result on financial instruments

-8.1

0.4

-24.2

-3.7

-6.4

Operating result before taxation

67.1

67.1

35.5

54.1

46.4

Taxation on operating result

-17.2

-16.4

-8.3

-15.1

-11.2

Net profit3

49.9

50.8

27.2

39.0

35.2

 

 

 

 

 

 

Return on equity in %

4.0%

4.1%

2.3%

3.4%

3.3%

Return on assets in %

0.3%

0.3%

0.2%

0.3%

0.3%

Operating expenses/total income

80%

80%

80%

80%

79%

 

 

 

 

 

 

Total Capital Ratio

21.0%

21.3%

18.8%

17.9%

17.5%

Minimum requirement Total Capital Ratio4

13.9%

14.2%

13.6%

13.8%

14.7%

(Common) Equity Tier 1 Ratio

17.3%

17.5%

18.7%

17.9%

17.5%

Minimum requirement Equity Tier 1 Ratio4

11.1%

11.6%

11.1%

11.8%

12.7%

Leverage Ratio

6.9%5

8.1%

8.8%

8.5%

8.9%

Minimum requirement Leverage Ratio

3.0%

3.5%

3.0%

3.0%

3.0%

Return on Risk Weighted Assets in %

0.7%

0.8%

0.5%

0.6%

0.6%

1

Including funds under management with affiliated parties that have not been included in the consolidation.

2

The 2021 funds under management have been restated by EUR 33 million due to an improvement to the internal definition of funds under management in 2022.

3

Net profit is subject to rounding difference.

4

These are the minimum requirements based on the overall capital requirements instead of the SREP requirements. The comparative figures are adjusted accordingly.

5

The decrease of the leverage ratio is mainly due to the termination of the temporary application of the CRR exemption as per April 1, 2022 where certain Central Bank exposures were previously excluded from the leverage ratio. The CRR exemption was introduced by the ECB in response to the COVID‐19 pandemic.

<static text missing - table.ods.prefix >Download (ODS)

amounts in millions of EUR

2022

2021

2020

2019

2018

Real Economy assets/Balance sheet total1

77%

70%

75%

76%

77%

Triple Bottom Line assets/Balance sheet total2

77%

70%

74%

75%

76%

 

 

 

 

 

 

Per share (in EUR)

 

 

 

 

 

Net asset value at year end3

89

88

85

83

82

Net profit4

3.51

3.575

1.91

2.80

2.73

Dividend6

3.12

1.80

0.65

-

1.95

 

 

 

 

 

 

Number of depository receipt holders

43,5457

43,521

43,614

44,401

42,416

Number of accounts - deposits from customers

884,607

880,374

867,377

830,816

839,242

Number of accounts - loans and advances to customers

82,931

84,386

81,726

77,984

68,751

Number of customers

744,477

747,413

728,056

721,039

714,887

 

 

 

 

 

 

Social

 

 

 

 

 

Number of co-workers at year end

1,815

1,715

1,592

1,493

1,427

Number of FTE at year end

1,679.0

1,583.5

1,463.1

1,370.3

1,317.4

Co-worker turnover

11%

10%

8%

10%

9%

Women as percentage of management team

43%

39%

39%

44%

39%

Ratio of highest to median salary8

5.1

5.2

5.4

5.6

5.6

 

 

 

 

 

 

Environment

 

 

 

 

 

Triodos Bank’s own emissions, 100% compensated (in ktonne CO2e)

1.3

0.9

1.2

2.9

2.8

Net emissions in outstanding loans and investments (in ktonne CO2e)9

314

364

358

293

152

Avoided emissions in renewable energy loans and investments (in ktonne CO2e)9

-1,048

-851

-933

-963

-985

1

Assets are classified as 'real economy' (as opposed to financial economy) if it is directly linked to a real economy asset or activity. This means that the asset or exposure is aimed at directly supporting the production of goods and services, as opposed to focusing primarily on buying and selling in the financial markets.

2

Triple Bottom Line assets refer to assets not only focused on economic benefits, but also on positive social and environmental benefits. We believe this figure provides the best indication of a bank’s commitment to sustainability.

3

The net asset value per share is the total equity divided by the total shares outstanding. The net asset value per share is not the trading price since 2021.

4

The figure of net profit per share is calculated on the average number of issued shares in circulation during the financial year.

5

The earnings per share in 2021 has been restated from € 3.56 to € 3.57 as a result of the restatement of the average number of issued shares in circulation in the annual report 2021.

6

The dividend over 2022 amounts to EUR 2.11 per Depository Receipt (DR) (2021: EUR 1.80) excluding the extraordinary dividend of EUR 1.01 per DR. This includes the earlier paid interim dividend of EUR 0.35 and a final dividend amount of EUR 1.76 per DR that Triodos Bank will propose at the Annual General Meeting in May 2023.

7

The number of depository receipt holders increased due to transactions among depository receipt holders, without the involvement of Triodos Bank.

8

The ratio of highest to median salary (excluding highest salary) follows the GRI criteria and is considered best practice. All salaries are calculated on a full-time basis compiled at 31 December of the reporting year.

9

2018 was the first year of reporting using the Partnership for Carbon Accounting Financials (PCAF) methodology. Since 2019 Triodos Bank assesses 100% of our loans and funds’ investments to calculate Triodos Bank's share in the GHG emissions by using the global PCAF Standard (in 2018 around 68% of Triodos Bank's loans and funds’ investments were assessed).