Growing appetite for ethical finance as Triodos Bank see record increase in lending

The results mean Triodos is set to perform significantly better than last year, when the bank’s lending grew by 20 per cent or £41m over the year. Triodos Bank, which this month marks 15 years in the UK, has pioneered an ethical, transparent and sustainable banking model, and only finances organisations that deliver social, environmental or cultural benefits.  

Growth in social lending:

• Lending and commitments to social organisations such as charities, social enterprises, housing associations and healthcare organisations grew 13 per cent in the first six months of 2010 
• Lending to housing associations (12.2 per cent increase) and to healthcare organisations (10.4 per cent increase) were the largest single areas of growth
• Triodos Bank’s lending and commitments to social organisations now exceeds £225m

Key loans to the sector:

• £8m lending has been provided to Abbeyfield Kent Society to enable them to develop a new, flagship care facility with 56 ‘extra care’ apartments.
• A loan was paid out for Amnesty International Ireland to help build its new premises, Amnesty House in Dublin
• Care farms are a growing part of the social sector, and Triodos recently helped finance Jamie’s Farm which supports the development of vulnerable young people by providing opportunities for achievement, wellbeing and sustainable change in an agricultural setting

Triodos Bank lends to organisations and enterprises across a range of different sectors including food and farming, environment, Scotland, Wales as well as social. We are committed to supporting all our customers and helping them realise their visions.

To find out more about Triodos Bank’s range of banking services, visit www.triodos.co.uk or call free on 0500 008 720.