Ethical bank Triodos has reported a rise in UK profits and customers, despite “challenging economic conditions” slowing investment plans.
The European financial institution, which has its British head office in Bristol, saw its UK arm generate profit after tax of £9.2m, up from £7.8m in its previous financial year, and yielding a 4.8% return on equity.
Triodos, which is focused on assets with a clear social, cultural or environmental impact, said UK customers numbers grew by 3.5% in the year to around 90,000 and customer deposits increased 2.1% to £1.6bn.
