DutchNews.nl - DutchNews.nl brings daily news from The Netherlands in English

28 May 2025
Newsletter Donate Advertise
  • News
  • Life in the Netherlands
  • Jobs
  • Podcast
  • About us
  • Search
  • Home
  • Economy
  • Art and culture
  • Sport
  • Europe
  • Society
  • Environment
  • Health
  • Housing
  • Education
  • News
    • Home
    • Economy
    • Art and culture
    • Sport
    • Europe
    • Society
    • Environment
    • Health
    • Housing
    • Education
  • Life in the Netherlands
    • Latest
    • Opinion
    • Books
    • Travel
    • 10 Questions
    • Learning Dutch
    • Inburgering with DN
    • Food & Drink
    • Ask us anything
  • Jobs
  • Podcast
  • About us
    • Team
    • Donate
    • Advertise
    • Writing for Dutch News
    • Contact us
    • Privacy
    • Newsletter
  • Search

ING, Rabobank urged to come clean over investments in Russian coal

April 25, 2016
Photo: Depositphotos.com
Photo: Depositphotos.com

Dutch banks ING and Rabobank have invested millions of euros in a Russian coal company, despite portraying their activities as ‘sustainable’, according to a new report by fair banking lobby group Eerlijke Bankwijzer.

The organisation, which is backed by Oxfam Novib and the FNV trade union among others, says the two banks gave a €218.6m loan to Russian coal giant SUEK in mid February – with both putting €109.3m into the deal.

Last year, ING said it planned to stop investing in coal. ‘This new investment counteracts that decision,’ the watchdog said. ‘The ink is barely dry on the Paris climate agreement and ING is putting €100m into one of the biggest coal firms in the world.’

The investment is also damaging to Rabobank’s claims to profile itself as a leader in sustainable energy generation, the lobby group said.

The organisation called on both banks to stop investing money in coal. Neither bank has yet commented on the claims.

Share this article
  • Facebook
  • Twitter
  • LinkedIn
  • Reddit
  • Copy URL
Economy
Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation
Latest
Show more
Russian hackers thought to be behind mass Dutch police data leak
Two children’s portraits by Frans Hals return to the Netherlands
ING apologises for discriminatory impact of anti-fraud checks
Coalition partners discuss Wilders' calls for tough asylum rules
AI and tech dominate Quote self-made young millionaire ranking
NewsHomeEconomyArt and cultureSportEuropeSocietyEnvironmentHealthHousingEducation
Life in the NetherlandsLatestOpinionBooksTravel10 QuestionsLearning DutchInburgering with DNFood & DrinkAsk us anything
About usTeamDonateAdvertiseWriting for Dutch NewsContact usPrivacyNewsletter
© 2025 DutchNews | Cookie settings

Help us to keep providing you information about coronavirus in the Netherlands.

Many thanks to everyone who has donated to DutchNews.nl in recent days!

We could not provide this service without you. If you have not yet made a contribution, you can do so here.

The DutchNews.nl team

Donate now

Dutchnews Survey

Please help us making DutchNews.nl a better read by taking part in a short survey.

Take part now