ING and Rabobank have been urged by fair banking lobby group Eerlijke Bankwijzer to come clean over their millions of euros invested in Russian coal company SUEK in last year; each bank provided a €109.3m loan each to the Russian coal company. This move is despite a statement mid-February by ING that it planned to stop investing in coal, according to the watchdog.
ING and Rabobank have been urged by fair banking lobby group Eerlijke Bankwijzer to come clean over their millions of euros invested in Russian coal company SUEK in mid-February; each bank provided a €109.3m loan each to the Russian coal company. This move is despite a statement last year by ING that it planned to stop investing in coal, according to the watchdog.