Up until 2013, Triodos Private Banking has delivered an average growth rate of 20-25% per year. 2013 was slower with only 12% growth.
While Triodos Private Banking expects long term growth to be between 15-20% the main focus in the coming years will be less on strong asset growth, and more on maintaining and developing an effective dialogue with investors.
The number of customers using the new advisory service for asset holders, of between EUR 300,000 and EUR 500,000, is expected to grow strongly. This will also create challenges to manage costs effectively.
In Belgium, Triodos Private Banking will expand its existing private banking operations further in 2014, with an emphasis on private asset management. The introduction of the Triodos Sustainable Equity and Pioneer Funds in the UK, with EUR 8 million raised after the first 9 months, has proved successful and provides the foundations to introduce private banking services in the coming years.
Albert van Zadelhoff
Managing director of Triodos Bank Private Banking