Triodos Bank remains committed to operating in the UK. The months to come will be uncertain, as politicians and government will work through the immediate and long term implications of this outcome. We will work closely with our colleagues in the UK to ensure we manage the business in a stable fashion during this period and to prepare our UK branch for the new situation that will develop.
We anticipate that there will be a transition period over which the details are negotiated. This transition period could be several years, so nothing will happen overnight, and during this period we will work to understand the impact of the changes in order to work out how best to adapt to them.
We believe that the growing appetite for sustainable banking from individuals and organisations alike offers Triodos Bank huge potential to grow both in scale and in terms of the impact it delivers across the European markets where we are active. We look forward to continuing to provide a genuinely sustainable banking alternative into the future, in the UK as well as across our European branches.
Deposit guarantee scheme and investor compensation scheme
Our personal customers and eligible organisations can rest assured that their money is still protected by the Dutch Guarantee Scheme. Likewise eligible investors are still covered by the Dutch Investor Compensation Scheme. We will notify our customers of any changes to this position in the future. The deposit guarantee scheme guarantees up to €100,000 per person. More information about the scheme is available here.