On September 30th, GIIN Investor's Council member Triodos Bank launched a capital raising issue, driven by strong growth across the bank's activities.

From the press release:

Over the next three to four years, Triodos Bank expects to double its balance sheet total, customer numbers and lending to sustainable companies.The financial crisis has led to unprecedented interest in Triodos Bank's sustainable approach to banking. The capital raising will help support the growth of the Bank's sustainable loan portfolio, with an extra EUR 90 million needed to meet growing demand for Triodos Bank finance. The capital raising will take place in The Netherlands, Belgium, United Kingdom, Spain and Germany, and is set to run until 17 November 2009.

Triodos Bank's CEO Peter Blom says: "New capital will enable us to lend to even more to sustainable projects and companies. Our growth is faster than foreseen; we continue to thrive despite the financial crisis, and have no shortfall of capital. This year we have grown faster than ever before, with more than an 18% increase in our customer numbers since January 2009."

Peter Blom: "If nothing else, the financial crisis has taught us that it pays to choose sustainable."

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