Triodos Bank’s Executive Board provides a perspective on the wider world it operates in, its impact and activity in 2017 and its prospects for the future.
Assets under management increased by 5.2% to EUR 3.5 billion at the end of 2017. The operating income (excluding extraordinary results) increased by 11.6% to EUR 34.9 million (2016: EUR 31.3 million). Total income was EUR 35.2 million.
Expenses in 2017 increased by 22.6% to EUR 28.3 million (2016: EUR 23.1 million), primarily because of higher co-worker related costs related to insourcing the asset management of the SRI offering. Taking corporate income tax, financial income and cost in to consideration the net result over 2017 amounts to EUR 5.2 million, 17.1 % lower than in 2016 (EUR 6.2 million).
Triodos Investment Management’s balance sheet consists mostly of cash, short term debtors on managed entities and short-term liabilities to Triodos Bank.