Peter Blom, Chair of the Executive Board of Triodos Bank: “As a bank firmly rooted in the real economy, we want to support as much as we can our customers in dealing with this crisis. The weeks and months ahead will be challenging for them and therefore also for the bank. Consequently, we believe it is appropriate to retain our 2019 profit in order to maximise our ability to support customers who have a viable business in normal circumstances, but who are now being hit severely by the COVID-19 pandemic.”
Triodos Bank has a strong capital position (CET1 of 17.9% at the end of 2019) and a significant buffer above its minimum capital requirements.
The long-term impact of the COVID-19 Pandemic on the economy, on customers and on Triodos Bank is currently uncertain. Triodos Bank will monitor the developments closely and will take into account further updates and recommendations from the regulators, including the European Central Bank’s announced evaluation of the economic situation.