• Fit for Impact will strengthen our position as a leading impact bank.
  • A simplified organisation aims to strengthen customer focus and enhance business agility.
  • Investments in commercial and technological capabilities will be accelerated to grow impact.
  • The programme is designed to reduce costs and improve efficiency, targeting a focused reduction of 250–270 FTEs net over the next three years, leading to an estimated corresponding annual cost reduction of EUR 25 to 30 million by the end of 2028.
  • With Fit for Impact, we strive to achieve the lower end of our mid-term 70–75% Cost to Income Ratio target and the high end of our mid-term 5–7% Return on Equity target.

Fit for Impact is rooted in Triodos Bank’s mission: to make money work for positive, social, environmental and cultural change. It is aimed at ensuring Triodos Bank can continue to deliver on this mission, now and in the future, by serving its clients and communities better, and to maximise its positive impact on society and the environment.

Operational and organisational implications
Through Fit for Impact, Triodos Bank will selectively restructure the organisation to strengthen customer focus and enhance business agility. To support this transformation, Triodos Bank intends to reduce costs and improve efficiency, targeting a reduction of 250–270 FTEs net over the next three years. This will be achieved primarily through natural attrition, reduced external hiring, and focused reorganisation. The combined measures are expected to lead to an estimated corresponding annual cost reduction of EUR 25 to 30 million by the end of 2028. 

Simultaneously, the bank will invest in commercial and technological capabilities to accelerate growth and strengthen impact. The bank will also continue to invest to be in control and compliant with legislative requirements.In parallel, Triodos Investment Management will continue to broaden its impact by reaching more institutional and retail investors through its funds and mandates.

Remain at the forefront
Marcel Zuidam, CEO of Triodos Bank: “Triodos Bank has always believed that finance can be a catalyst for positive change. With Fit for Impact, we are taking the necessary steps to ensure we remain at the forefront of impact banking by being adaptive, efficient, and focused on what matters most: delivering value for our customers, empowering our co-workers, and maximising our contribution to a sustainable future. We recognise that this transformation will bring change for our colleagues, and we are committed to supporting everyone affected with care and responsibility.”

Strategic pillars
With Fit for Impact, Triodos Bank builds on recent developments, including strategic decisions such as the wind down of German activities, the successful Euronext listing, and finalising the Depository Receipt settlement programme.

Fit for Impact contributes to Triodos Bank’s three strategic pillars:

  1. Securing our frontrunner position in impact finance: Triodos Bank remains committed to financing the real economy across its five transition themes: the energy, food, resources, societal and wellbeing transitions. The bank will continue to drive systemic change through thought leadership, community engagement, and advocacy.
  2. Pursuing focused growth: Triodos Bank will accelerate business lending efforts across its markets. Investments will be made in scaling full banking services in the Netherlands – our home market – while in UK, Belgium, and Spain, the focus will be on growing business lending, savings and (selected) investments, where our propositions resonate most strongly.
    The ambition is for every customer to experience the transformative power of money, and feel that, together, we can make a real difference.
  3. Driving an efficient and robust operating model: Triodos Bank will continue to digitise and simplify processes, modernise systems, and deploy new technologies and artificial intelligence at scale.

Financial targets
With Fit for Impact, we strive to reach the lower end of our mid-term 70–75% Cost to Income Ratio target and the higher end of our mid-term 5–7% Return on Equity target. Meeting the financial targets allows Triodos Bank to amplify impact and deliver sustainable value for all its stakeholders.

Regulation information

Disclaimer:

The information in this document has been obtained or derived from sources believed by Triodos Bank N.V. to be reliable at the date of publication of this document. However, no representations are made as to its accuracy or completeness. The information may be subject to change, and Triodos Bank N.V. assumes no undertaking to revise or amend the information provided, or to provide any update in respect of any change related thereto. Triodos Bank N.V. accepts no liability for loss arising from the use of the information. The information is: (i) for discussion purposes only; (ii) not to be regarded as (investment) advice; and (iii) not to be relied upon in substitution for the exercise of independent and sound judgement.

This document does not constitute any commitment or any offer to commit to any transaction or financing by Triodos Bank N.V.

This document may include forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Some of these forward-looking statements are characterised by the use of words such as (but not limited to): 'expect', 'anticipate', 'estimate', 'may', 'should', 'would', 'believe', 'intend', 'plan', 'contemplate', 'aim', 'could', 'will', 'potential', 'think', 'seek', as well as similar expressions, the future tense and the conditional. The forward-looking statements included in this document with respect to the business, results of operation and financial condition of Triodos Bank N.V. are subject to a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements, including but not limited to the following: changes in economic and political conditions, actions taken and policies applied by governments and their agencies, changes in credit spreads or interest rates, the results of our strategy and investment policies and objectives. Triodos Bank N.V. undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances that may arise after the date of this document.