Ethical bank is in town

Triodos, the sustainable bank, is to set up its first UK operation in Edinburgh, due to what it describes as a greater demand for ethical savings in Scotland.

The bank, which will open in Hanover Street this month, has seen personal savings deposits in Scotland grow by 15 per cent in the first three quarters of 2011, with total savings growing by 18 per cent.

The bank claims that growth is being driven by frustration at high street banks.