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Tag: australian banks
Australian banks say will support low-carbon lending
2015-11-05 02:12:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Two of Australia's major banks on Thursday announced initiatives to support the transition to a low-carbon economy, moves which could make it harder to finance the country's coal industry. Top lender National Australia Bank will finance A$18 billion ($12.84 billion) through to 2022 to renewable energy projects including low-carbon property and transport, it said in a statement. Commonwealth Bank of Australia, the second biggest lender, said it would consider environment risks in loan and credit...
Tags: support
banks
australian
lending
Australian banks' $57b plunge makes CBA, NAB, ANZ, WBC look more like... banks
2015-05-27 12:26:49| Automakers - Topix.net
Valuations on a gauge of the nation's lenders are near the cheapest relative to the global average since January 2013. Just two months ago, they traded at the biggest premium since Bloomberg began compiling the data in 2005.
Tags: makes
banks
australian
cba
Australian banks under pressure after French lenders rule out funding Galilee Basin coalmines
2015-04-09 09:17:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Australias banks have come under renewed pressure to not fund the countrys largest coal projects after three of Frances leading financial institutions ruled out providing capital for the developments. In response to questions from French climate activists, Société Générale, Crédit Agricole and BNP Paribas all said they will not be involved in proposed mines for the coal-rich Galilee Basin region of central Queensland. Letters from the banks rule out the mines, which include developments...
Tags: french
pressure
rule
funding
Australian banks 'need more capital'
2014-12-08 01:34:13| BBC News | Business | UK Edition
Australian banks need to hold more capital to survive any future financial crises, a report by former bank chief David Murray says.
Tags: capital
banks
australian
australian banks
Australian banks to rule out funding of coal projects
2014-12-03 05:30:29| Automakers - Topix.net
The Australian Conservation Foundation has released a report calling on Australian banks to rule out involvement in financing controversial coal projects proposed for Queensland's Galilee Basin near the Great Barrier Reef World Heritage area. The report called Equatorial Principles names four major banks as signatories, including Australia-New Zealand Banking Corp , Commonwealth Bank of Australia , National Australia Bank , and Westpac Banking Corp. The EPs is a result of a research undertaken by ACFs Energy Analyst Tristan Knowles which investigates how Australian banks should deal with financing coal projects in the area.
Tags: projects
rule
funding
banks