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7. Participating Interests

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in thousands of EUR

2017

2016

 

 

 

 

 

 

Other participating interests

14,649

16,411

 

 

 

As part of its mission, Triodos Bank wishes sustainable banking to create more and more impact over the world. In this respect, Triodos Bank provides equity funding to like minded financial institutions in order to increase growth of the sustainable banking sector. No significant influence can be exercised on our participating interests. The value of these interests is based on the published share price. In absence of a public share price or if such a public share price is established in a non active stock exchange market (low trading activity) Triodos Bank estimates the fair value through the net asset value.

The other participating interests can be broken down as follows.

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in thousands of EUR

2017

2016

 

 

 

1

Credit institution

 

 

 

New Resource Bank, San Francisco1

7,278

5,191

Merkur Bank KGaA, Copenhagen1

1,190

1,233

Cultura Bank Sparebank, Oslo1

102

110

GLS Gemeinschaftsbank eG, Bochum1

50

50

Banca Popolare Etica Scpa, Padova1

130

130

Ekobanken Medlemsbank, Järna1

50

51

Social Enterprise Finance Australia Limited, Sydney

1

469

Bpifrance Financement S.A., Maisons-Alfort.

127

117

Sustainability – Finance – Real Economies SICAV-SIF public limited liability company, Luxembourg

1,066

1,469

Sustainalytics Holding B.V., Amsterdam

2,472

Nederlandse Financieringsmaatschappij voor Ontwikkelingslanden N.V. (FMO), The Hague

1,311

1,680

Thrive Renewables Plc, Bristol

2,959

3,025

Visa Inc, San Francisco1

335

364

La Bolsa Social, plataforma de financiación participativa, S.A., Madrid

50

50

 

 

 

 

 

 

Balance sheet value as at 31 December

14,649

16,411

 

 

 

The movement of the participating interests is as follows:

Download XLS

 

 

 

in thousands of EUR

2017

2016

 

 

 

 

 

 

Balance sheet value as at 1 January

16,411

13,803

Acquisitions

3,302

Increase of capital

51

270

Revaluation

3,485

–1,269

Repayment of capital

Sales

–4,044

Exchange rate results on foreign currencies

–1,254

305

 

 

 

 

 

 

Balance sheet value as at 31 December

14,649

16,411