#59: What’s the point of banking? Triodos has an answer




Sustainable Business Weekly show

Summary: Triodos Bank’s latest accounts show both its balance sheet and customer base jumping 23% in the last 12 months – and its profits soaring 31% as it made a net profit of €22.6m. <br> <br> It is one of a growing number of ethical banks that is bucking the trend seen in the mainstream banking sector whose toxic reputation continues to be fuelled by stories of fat cat bonuses and worryingly low levels of trust among the people whose money the industry so depends. <br> <br> Banks like Triodos are making money available where it is needed most, investing as it does in socially-, environmentally- and ethically-sound projects and organizations. It is making money available that will genuinely support a truly sustainable economy. <br> <br> And its success – and the positive performance of banks like it – offers a useful anchor upon which to question the role of banking in society. <br> <br> Hear 2degrees' Tom Idle gain a more personal viewpont into Triodos from the bank's head of market and corporate development, James Vaccaro. <br> <br> <br> <br> You can also watch the video <a href="http://www.2degreesnetwork.com/groups/managing-sustainability/resources/whats-point-banking-triodos-has-answer/">here</a>. <br>