amounts in millions of EUR * | 2020 | 2019 | 2018 | 2017 | 2016 |
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Financial |
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Equity | 1,208 | 1,201 | 1,112 | 1,013 | 904 |
Deposits from customers | 11,747 | 10,694 | 9,564 | 8,722 | 8,025 |
Loans and advances to customers | 9,157 | 8,209 | 7,267 | 6,598 | 5,708 |
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Balance sheet total | 13,888 | 12,082 | 10,867 | 9,902 | 9,081 |
Funds under management 1 | 6,362 | 5,671 | 4,673 | 4,604 | 4,373 |
Total assets under management | 20,250 | 17,753 | 15,540 | 14,506 | 13,454 |
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Total income | 305.1 | 292.2 | 257.1 | 240.3 | 217.6 |
Operating expenses | -245.4 | -234.4 | -204.3 | -190.2 | -171.9 |
Impairment losses on financial instruments | -24.2 | -3.7 | -6.4 | -1.8 | -5.7 |
Value adjustments to participating interests | - | - | - | 1.3 | -1.5 |
Operating result before taxation | 35.5 | 54.1 | 46.4 | 49.6 | 38.5 |
Taxation on operating result | -8.3 | -15.1 | -11.2 | -12.2 | -9.3 |
Net profit | 27.2 | 39.0 | 35.2 | 37.4 | 29.2 |
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Total Capital ratio | 18.8% | 17.9% | 17.5% | 19.2% | 19.2% |
(Common) Equity Tier 1 ratio | 18.7% | 17.9% | 17.5% | 19.2% | 19.2% |
Leverage ratio | 8.8% | 8.5% | 8.9% | 8.9% | 8.8% |
Return on equity in % | 2.3% | 3.4% | 3.3% | 3.5% | 5.5% |
Return on assets in % | 0.2% | 0.3% | 0.3% | 0.3% | 0.5% |
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Operating expenses/total income | 80% | 80% | 79% | 79% | 79% |
Real Economy assets/Balance sheet total 2 | 75% | 76% | 77% | 80% | 81% |
Triple Bottom Line assets/Balance sheet total 2 | 74% | 75% | 76% | 75% | 77% |
* IFRS - EU was adopted as of 1 January 2018, and therefore the key figures for 2020, 2019 and 2018 are reported under IFRS. Key figures for 2017 and 2016 are reported under Dutch Gaap.
1 Including funds under management with affiliated parties that have not been included in the consolidation.
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. The assets and revenues committed to the Real Economy and to the Triple Bottom Line for the year 2016 has not been reviewed. The 2019 and 2018 figures have been adjusted to IFRS reporting.
amounts in millions of EUR * | 2020 | 2019 | 2018 | 2017 | 2016 |
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Per share (in EUR) |
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Net asset value at year end | 85 | 83 | 82 | 83 | 82 |
Net profit3 | 1.91 | 2.80 | 2.73 | 3.19 | 2.83 |
Dividend4 | 0.65 | - | 1.95 | 1.95 | 1.95 |
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Number of depository receipt holders | 43,614 | 44,401 | 42,416 | 40,077 | 38,138 |
Number of accounts - funds entrusted from customers | 867,377 | 830,816 | 839,242 | 808,090 | 759,738 |
Number of accounts - loans and advances to customers | 81,726 | 77,984 | 68,751 | 60,339 | 50,765 |
Number of customers | 728,056 | 721,039 | 714,887 | 681,082 | 651,945 |
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Social |
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Number of co-workers at year end | 1,592 | 1,493 | 1,427 | 1,377 | 1,271 |
Co-worker turnover | 8% | 10% | 9% | 9% | 8% |
Women as percentage of management team | 39% | 44% | 39% | 44% | 40% |
Ratio of highest to median salary5 | 5.5 | 5.6 | 5.6 | 5.7 | 5.7 |
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Environment |
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Triodos Bank’s own emissions, 100% compensation (in ktonne CO2 eq.) | 1.0 | 2.9 | 2.8 | 3.1 | 3.1 |
Net emissions in outstanding loans and investments (in ktonne CO2 eq.)6 | 358 | 293 | 152 | - | - |
Avoided emissions in renewable energy loans and investments (in ktonne CO2 eq.)6 | -933 | -963 | -985 | - | - |
3 The figure of net profit per share is calculated on the average number of issued shares in circulation during the financial year.
4 Dividend proposal of 18 March 2020 as published in the annual accounts 2019 was revised. This was a direct response to the recommendation made by the European Central Bank and De Nederlandsche Bank (DNB) on 27 March to all banks, not to pay out dividend in order to prioritise supporting the real economy by lending to customers during the COVID-19 pandemic. For the year result of 2020 Triodos Bank proposes a dividend of EUR 0.65 per share, equivalent to a 15% pay-out ratio (the percentage of total profit distributed as dividends) of 2019 and 2020 together in compliance with the latest guidelines of DNB following the instruction of the ECB.
5 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.
6 2018 is the first year of reporting using the Platform for Carbon Accounting Financials (PCAF) methodology. Around 68% of our outstanding loans and funds’ investments are assessed.
Where Triodos Bank is active internationally
