Non profit
UK: Buy the bank!
Triodos Bank has launched its first ever open opportunity to buy shares (Depository Receipts) in the UK
Triodos Bank, which has pioneered sustainable banking across Europe, has launched its first ever open opportunity to buy shares (Depository Receipts) in the UK. Investors can now own part of the bank that has financed thousands of inspiring ethical enterprises and provided significant support for fair trade, organics and social enterprise.
?We?re a radically different kind of bank because we put people and the environment alongside profit,? said UK Managing Director, Charles Middleton. ?We start from the idea that money can transform the world for the better. And we connect people who have money to save and invest and want to change the world, with organisations doing just that.?
Triodos? model has proved successful. It now has funds under management worth almost £2 billion, over 100,000 customers across a European network of offices. It?s grown markedly in recent years by tapping into growth industries like organics and fair trade, and expansion has been particularly marked in the UK.
The issue of Depository Receipts was launched in May 2007 and will run until 21 July 2007. Triodos Bank is hoping to raise ?40 million, or around £27 million, as part of a pan-European effort to attract more capital for the Bank. The money will be used to support further growth, so it can lend more money to more ethical organisations and to support the development of a new office in Germany. Triodos Bank already has over 9,000 Depository Receipt holders across Europe, including a small number in the UK, but this is the first open opportunity for the wider public to invest.
?We?ve proved that sustainable business can help tackle the most urgent problems we face. And we?re delighted that people now have the opportunity to invest in us,? said UK Managing Director, Charles Middleton.
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