Triodos' social lending passes £300m

Finance | Gareth Jones | 26 Nov 2010

Triodos Bank has announced that its UK lending has passed £300m, making it larger than the rest of the social finance market put together.

On top of these loans already paid out, it also has a further £160m of as yet unpaid commitments, and anticipates that the combined figure for loans both paid and pending will pass £0.5bn early next year.

Triodos, which only finances organisations which deliver social, environmental or cultural benefits, said that the £300m milestone had been passed thanks to gross new loans paid out in the year to date totalling £65m.

Dr Bevis Watts, head of business banking at the bank, said: At a time when mainstream banks are still being challenged to increase their lending to businesses, the Triodos banking model means that our lending growth is supporting real social and environmental change.”

Directory: Triodos Bank

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