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Birmingham Post
Birmingham Post
Business
Hannah Baker

Ethical bank Triodos sees profits surge but warns of 'uncertainty' amid Ukraine invasion

Ethical bank Triodos has seen its profits soar in the last financial year amid the Covid-19 pandemic, but has warned of "new uncertainty" for the economy amid Russia's invasion of Ukraine.

Posting its latest results, the Bristol-headquartered financial institution reported a net profit of €50.8m (£42.7m) for the year ending 2021 - up €23.6m on the year previously.

The bank’s total assets under management have increased by €3.9bn over the last 12 months to €24.2bn, while its customer numbers grew by 3% to nearly 750,000.

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