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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