in thousands of EUR

2018

2017

Other participating interests

22,448

14,649

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 the 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 the 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.

 

2018

2017

in thousands of EUR

Participating interest

Amount in thousands of EUR

Participating interest

Amount in thousands of EUR

1

Credit institution

Amalgamated Bank, New York1

2.3%

12,356

New Resource Bank, San Francisco1

19.8%

7,278

Merkur Bank KGaA, Copenhagen1

3.0%

1,163

3.0%

1,190

Cultura Bank Sparebank, Oslo1

1.3%

102

1.3%

102

GLS Gemeinschaftsbank eG, Bochum1

0.0%

50

0.0%

50

Banca Popolare Etica Scpa, Padova1

0.2%

130

0.2%

130

Ekobanken Medlemsbank, Järna1

0.6%

49

0.7%

50

Social Enterprise Finance Australia Limited, Sydney

4.5%

1

4.5%

1

Bpifrance Financement S.A., Maisons-Alfort.

0.0%

136

0.0%

127

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

13.0%

3,430

10.8%

1,066

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

2.0%

932

2.0%

1,311

Thrive Renewables Plc, Bristol

5.2%

3,292

5.1%

2,959

La Société d’Investissement France Active (SIFA), Montreuil

0.1%

300

Visa Inc, San Francisco1

0.0%

407

0.0%

335

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

6.0%

100

3.1%

50

Balance sheet value as at 31 December

 

22,448

 

14,649

The movement of the participating interests is as follows:

in thousands of EUR

2018

2017

Balance sheet value as at 1 January

14,649

16,411

Acquisitions

9,848

Increase of capital

2,499

51

Revaluation

3,200

3,485

Repayment of capital

Divestments

–7,996

–4,044

Exchange rate results on foreign currencies

248

–1,254

Balance sheet value as at 31 December

22,448

14,649