NAB 0.15% $39.18 national australia bank limited

News: NAB NAB Says Will Not Finance New-To-Bank Thermal Coal Mining Customers Or New Thermal Coal...

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    Aug 14 (Reuters) - National Australia Bank Ltd (NAB) :

    • NAB WILL NOT FINANCE NEW-TO-BANK THERMAL COAL MINING CUSTOMERS OR NEW THERMAL COAL MINING PROJECTS
    • NAB IS ALSO INCREASING FINANCING TO RENEWABLE-POWERED GENERATION
    • AS OF SEPT 2023, NAB NO LONGER HAS CORPORATE LENDING TO THERMAL COAL MINING CUSTOMERS, PROJECT FINANCE IN RESPECT OF THERMAL COAL MINING ASSETS
    • NAB ALSO HAS HAD NO DIRECT LENDING TO COAL-FIRED POWER GENERATION ASSETS SINCE MARCH 2022
    • FROM 1 OCT 2025 NAB WILL REQUIRE CUSTOMER TRANSITION PLANS FROM CORPORATE AND INSTITUTIONAL BANKING CUSTOMERS IN POWER GENERATION, OTHERS

    (([email protected];))

 
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