Ethical bank offers chance to become shareholder
The ethical bank Triodos is hoping that shareholders fed up with the eye-watering bad behaviour of the big banks can be persuaded to switch their money into a greener financial future.
The alternative bank – which offers savings account in the UK – is seeking funds to finance future growth. It is now offering UK investors the chance to join more than 21,500 other shareholders across Europe by buying depository receipts in the Bank.
Charles Middleton, Triodos Bank UK managing director, said: "'Recent volatility has demonstrated some of the inherently unsustainable elements at the heart of the financial markets, and created a wave of public interest in alternatives.
"We've demonstrated that another way isn't just possible, but can flourish – helping to build a more diverse, healthier and more sustainable economy in the process."
Triodos has made around 22,000 loans to sustainable businesses such as Ecotricity, Cafedirect, Glastonbury's Worthy Farm and Hugh Fearnley-Whittingstall's River Cottage.
Shares in the bank cost €74 each, while Triodos says its investors have seen an average return of 4.4 per cent over the past five years.
Mr Middleton said: "People should wake up to the credible alternatives to the established financial system, and that they can get a social and environmental return on their money."
Those tempted to invest can find out more by calling 0800 328 2181 or by talking to an independent financial adviser.
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