Where Is The Money Coming From?

January 2025 California wildfires, Credits: Josh Edelson / AFP via Getty Images

Still Banking on Coal 2026 shows data on commercial banks that provided loans and underwriting services to coal companies from January 2022 to December 2025. 

Search for a coal company or coal bank of your choice and view its financing year by year. 

2022:
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2024:
2025:
Loans    Underwriting
Loans    Underwriting

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Current selection: companies receivedbanks provided a total of $ M in loans and underwriting


     
Type HQ Expansion 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Loans 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Underwriting 2022 2023 2024 2025 Total
Bank CITIC China $44M $10M $123M $13M $7,899M $8,841M $11,527M $9,509M $7,943M $8,850M $11,650M $9,522M $37,965M
Bank China Merchants Bank China $63M $68M $4,611M $4,983M $6,389M $6,361M $4,611M $4,983M $6,452M $6,429M $22,474M
Bank Industrial Bank Company China $176M $2,743M $4,511M $5,086M $5,198M $2,743M $4,511M $5,262M $5,198M $17,714M
Bank China Everbright China $15M $6M $6M $3,723M $4,503M $4,747M $4,036M $3,739M $4,503M $4,753M $4,041M $17,036M
Bank CSC Financial China $4,281M $2,856M $3,880M $4,680M $4,281M $2,856M $3,880M $4,680M $15,698M
Bank Shanghai Pudong Development Bank China $10M $20M $7M $3,186M $4,712M $3,445M $3,281M $3,186M $4,722M $3,465M $3,288M $14,661M
Bank Industrial and Commercial Bank of China China $136M $155M $55M $33M $3,131M $4,244M $2,638M $2,819M $3,267M $4,399M $2,693M $2,853M $13,211M
Bank Bank of China China $378M $670M $243M $288M $1,680M $2,055M $2,533M $4,317M $2,058M $2,726M $2,776M $4,606M $12,165M
Bank Mizuho Financial Japan $1,362M $1,193M $1,074M $1,656M $1,631M $1,162M $1,227M $1,164M $2,993M $2,355M $2,300M $2,820M $10,468M
Bank Bank of Beijing China $32M $1,706M $3,109M $3,619M $1,894M $1,706M $3,109M $3,619M $1,926M $10,360M
Bank China International Capital Corporation China $2,504M $1,763M $2,342M $2,232M $2,504M $1,763M $2,342M $2,232M $8,841M
Bank Bank of America USA $914M $1,687M $1,151M $926M $488M $1,186M $1,028M $1,350M $1,402M $2,873M $2,179M $2,276M $8,729M
Bank China Construction Bank China $56M $115M $68M $36M $2,278M $1,276M $1,160M $3,524M $2,334M $1,392M $1,228M $3,560M $8,514M
Bank Guotai Haitong Securities China $1,101M $1,296M $2,405M $3,297M $1,101M $1,296M $2,405M $3,297M $8,099M
Bank China Minsheng Banking China $3M $5M $1,127M $3,233M $1,240M $2,055M $1,127M $3,237M $1,245M $2,055M $7,664M
Bank Ping An Insurance Group China $1,759M $2,425M $1,777M $1,505M $1,759M $2,425M $1,777M $1,505M $7,466M
Bank Bank of Ningbo China $1,945M $3,294M $825M $1,300M $1,945M $3,294M $825M $1,300M $7,363M
Bank JPMorgan Chase USA $890M $970M $835M $1,047M $604M $882M $928M $1,125M $1,495M $1,852M $1,763M $2,173M $7,282M
Bank Agricultural Bank of China China $8M $18M $31M $26M $2,465M $770M $2,053M $1,858M $2,474M $788M $2,085M $1,884M $7,230M
Bank Mitsubishi UFJ Financial Japan $1,079M $1,012M $968M $1,078M $615M $966M $522M $759M $1,694M $1,977M $1,491M $1,837M $6,999M
Bank Huatai Securities China $2,210M $1,665M $1,161M $1,650M $2,210M $1,665M $1,161M $1,650M $6,685M
Bank Citigroup USA $735M $802M $834M $595M $724M $883M $794M $1,140M $1,460M $1,685M $1,628M $1,735M $6,507M
Bank Wells Fargo USA $852M $779M $943M $1,032M $341M $856M $631M $868M $1,193M $1,635M $1,574M $1,899M $6,301M
Bank Barclays United Kingdom $654M $668M $786M $829M $535M $802M $642M $760M $1,190M $1,469M $1,428M $1,589M $5,676M
Bank Bank of Communications China $15M $19M $12M $18M $3,156M $1,430M $368M $350M $3,171M $1,449M $380M $368M $5,368M
Bank SMBC Group Japan $1,345M $926M $487M $800M $218M $481M $444M $573M $1,563M $1,407M $931M $1,373M $5,275M
Bank PNC Financial Services USA $896M $792M $729M $478M $322M $388M $727M $618M $1,218M $1,179M $1,456M $1,095M $4,949M
Bank US Bancorp USA $1,013M $762M $656M $561M $319M $508M $558M $570M $1,331M $1,270M $1,214M $1,131M $4,946M
Bank Bank of Hangzhou China $928M $1,469M $1,300M $914M $928M $1,469M $1,300M $914M $4,611M
Bank Bank Mandiri Indonesia $514M $1,295M $1,517M $881M $84M $48M $106M $43M $598M $1,343M $1,623M $924M $4,488M
Bank Morgan Stanley USA $337M $455M $402M $457M $277M $836M $490M $1,012M $613M $1,291M $892M $1,469M $4,265M
Bank Scotiabank Canada $882M $550M $382M $371M $267M $585M $435M $692M $1,148M $1,135M $817M $1,063M $4,163M
Bank Bank of Shanghai China $717M $2,049M $983M $308M $717M $2,049M $983M $308M $4,057M
Bank Jefferies Financial Group USA $808M $474M $297M $1,691M $697M $18M $297M $2,499M $1,171M $18M $3,985M
Bank Goldman Sachs USA $826M $362M $300M $394M $390M $680M $327M $631M $1,216M $1,042M $627M $1,025M $3,910M
Bank China Bohai Bank China $3M $994M $467M $1,163M $1,274M $994M $470M $1,163M $1,274M $3,901M
Bank Royal Bank of Canada Canada $581M $537M $432M $468M $343M $586M $343M $513M $925M $1,123M $776M $981M $3,804M
Bank GF Group China $301M $1,337M $1,073M $826M $301M $1,337M $1,073M $826M $3,537M
Bank Truist Financial USA $492M $498M $470M $411M $155M $443M $359M $525M $647M $941M $829M $936M $3,353M
Bank Toronto-Dominion Bank Canada $514M $451M $336M $324M $220M $572M $308M $426M $735M $1,023M $644M $750M $3,152M
Bank Shenwan Hongyuan Group China $688M $731M $450M $1,252M $688M $731M $450M $1,252M $3,121M
Bank Haitong Securities China $587M $653M $1,706M $8M $587M $653M $1,706M $8M $2,953M
Bank Postal Savings Bank of China China $39M $661M $1,095M $292M $547M $700M $1,095M $292M $547M $2,634M
Bank Hua Xia Bank China $5M $1,001M $423M $599M $374M $1,001M $423M $604M $374M $2,401M
Bank Deutsche Bank Germany $314M $575M $574M $78M $94M $114M $213M $347M $408M $689M $787M $425M $2,309M
Bank BMO Financial Group Canada $327M $363M $204M $312M $96M $265M $252M $432M $423M $628M $456M $744M $2,252M
Bank Bank Negara Indonesia Indonesia $272M $601M $658M $450M $1M $1M $131M $77M $273M $602M $789M $528M $2,192M
Bank Orient Securities China $696M $406M $352M $658M $696M $406M $352M $658M $2,113M
Bank Bank of Tianjin China $1,219M $393M $144M $283M $1,219M $393M $144M $283M $2,039M
Bank China Zheshang Bank China $3M $3M $886M $410M $313M $420M $886M $413M $316M $420M $2,035M
Bank Bank Central Asia Indonesia $122M $581M $788M $262M $6M $3M $140M $126M $128M $583M $928M $389M $2,029M
Bank Bank of Jiangsu China $522M $336M $339M $780M $522M $336M $339M $780M $1,977M
Bank State Bank of India India $377M $120M $841M $67M $172M $151M $119M $124M $549M $272M $961M $191M $1,972M
Bank BNP Paribas France $245M $171M $201M $168M $344M $302M $210M $190M $589M $473M $411M $358M $1,832M
Bank Industrial Securities China $454M $349M $358M $639M $454M $349M $358M $639M $1,800M
Bank Bank of Nanjing China $584M $322M $143M $686M $584M $322M $143M $686M $1,734M
Bank CIBC Canada $323M $317M $233M $158M $140M $187M $66M $291M $463M $504M $299M $450M $1,715M
Bank China Galaxy Securities China $117M $390M $558M $650M $117M $390M $558M $650M $1,714M
Bank Nomura Japan $963M $320M $293M $136M $963M $320M $293M $136M $1,713M
Bank China Guangfa Bank China $10M $719M $571M $199M $140M $719M $580M $199M $140M $1,638M
Bank KeyCorp USA $287M $199M $192M $179M $105M $203M $150M $252M $392M $402M $342M $431M $1,566M
Bank Trust Group India $537M $80M $80M $790M $537M $80M $80M $790M $1,488M
Bank UBS Switzerland $219M $193M $81M $456M $331M $73M $56M $675M $524M $154M $56M $1,409M
Bank Guosen Securities China $546M $210M $218M $357M $546M $210M $218M $357M $1,330M
Bank Korea Investment Holdings South Korea $175M $192M $136M $796M $175M $192M $136M $796M $1,299M
Bank Daiwa Securities Japan $698M $185M $227M $183M $698M $185M $227M $183M $1,292M
Bank Santander Spain $206M $151M $197M $127M $131M $163M $84M $203M $337M $314M $281M $330M $1,262M
Bank Bank Rakyat Indonesia Indonesia $329M $444M $357M $95M $329M $444M $357M $95M $1,226M
Bank ICICI Bank India $85M $9M $77M $219M $223M $269M $325M $304M $232M $269M $403M $1,207M
Bank China Great Wall Asset Management Corporation China $193M $65M $249M $694M $193M $65M $249M $694M $1,201M
Bank Bank of New York Mellon USA $209M $215M $74M $97M $50M $120M $165M $238M $259M $335M $239M $335M $1,168M
Bank HSBC United Kingdom $161M $82M $61M $100M $40M $226M $92M $314M $200M $308M $153M $414M $1,075M
Bank UniCredit Italy $516M $134M $135M $149M $29M $10M $29M $47M $545M $144M $165M $196M $1,050M
Bank Regions Financial USA $101M $242M $180M $86M $69M $134M $54M $170M $171M $376M $234M $255M $1,035M
Bank Commerzbank Germany $193M $115M $210M $170M $35M $76M $207M $8M $228M $191M $417M $178M $1,014M
Bank Evergrowing Bank China $363M $137M $314M $172M $363M $137M $314M $172M $987M
Bank CIMB Group Malaysia $57M $26M $225M $7M $355M $226M $42M $45M $411M $252M $268M $52M $983M
Bank Zhongtai Securities China $199M $107M $426M $243M $199M $107M $426M $243M $975M
Bank DBS Singapore $124M $175M $50M $279M $11M $46M $216M $31M $135M $220M $266M $309M $931M
Bank PKO Bank Polski Poland $172M $136M $108M $268M $192M $28M $439M $136M $300M $28M $903M
Bank FirstRand South Africa $182M $37M $74M $190M $165M $110M $114M $347M $37M $184M $304M $873M
Bank Huntington Bancshares USA $146M $113M $19M $300M $15M $58M $21M $195M $160M $170M $39M $495M $865M
Bank Standard Chartered United Kingdom $77M $75M $26M $52M $76M $76M $419M $59M $153M $151M $445M $112M $861M
Bank Farm Credit Services Commercial Finance Group USA $320M $161M $173M $205M $320M $161M $173M $205M $859M
Bank Bangkok Bank Thailand $50M $114M $63M $19M $448M $42M $80M $40M $498M $157M $143M $59M $856M
Bank Huishang Bank China $96M $248M $133M $368M $96M $248M $133M $368M $845M
Bank ANZ Australia $190M $148M $37M $66M $130M $241M $27M $190M $278M $278M $92M $838M
Bank KB Financial Group South Korea $14M $12M $68M $142M $436M $111M $68M $156M $436M $123M $783M
Bank Chuancai Securities China $157M $312M $253M $53M $157M $312M $253M $53M $774M
Bank Donghai Securities China $454M $217M $91M $454M $217M $91M $762M
Bank Bank of Baroda India $175M $10M $223M $176M $172M $3M $347M $13M $223M $176M $759M
Bank Axis Bank India $8M $20M $272M $209M $34M $176M $272M $209M $42M $196M $719M
Bank Shanghai Rural Commercial Bank China $87M $400M $225M $87M $400M $225M $712M
Bank First Capital Securities China $450M $187M $42M $7M $450M $187M $42M $7M $686M
Bank PZU Group Poland $86M $136M $108M $149M $2M $192M $6M $235M $138M $300M $6M $678M
Bank Western Securities China $36M $305M $72M $254M $36M $305M $72M $254M $667M
Bank A.K. Group India $515M $92M $8M $50M $515M $92M $8M $50M $666M
Bank Beijing Rural Commercial Bank China $482M $133M $46M $482M $133M $46M $662M
Bank SDIC Finance China $275M $367M Not On GCEL Change in Company Structure Not On GCEL Change in Company Structure $275M $367M $642M
Bank Société Générale France $156M $108M $105M $76M $91M $34M $27M $29M $246M $142M $132M $105M $625M
Bank United Overseas Bank Singapore $157M $124M $116M $165M $11M $5M $25M $19M $168M $129M $141M $184M $622M
Bank Crédit Agricole France $36M $136M $147M $84M $8M $105M $35M $68M $44M $241M $182M $152M $620M
Bank Banco Bilbao Vizcaya Argentaria (BBVA) Spain $34M $33M $112M $91M $39M $143M $92M $42M $73M $176M $204M $133M $587M
Bank Standard Bank South Africa $209M $35M $124M $59M $59M $53M $19M $209M $94M $177M $78M $558M
Bank Kaiyuan Securities China $100M $85M $285M $84M $100M $85M $285M $84M $555M
Bank Mirae Asset Financial Group South Korea $268M $220M $42M $1M $268M $220M $42M $1M $530M
Bank Fifth Third Bancorp USA $78M $76M $77M $54M $51M $57M $27M $104M $128M $133M $104M $158M $523M
Bank National Australia Bank Australia $104M $72M $140M $32M $25M $1M $79M $64M $129M $73M $220M $95M $517M
Bank The Capital Group Taiwan $278M $212M $6M $14M $278M $212M $6M $14M $510M
Bank Punjab National Bank India $5M $166M $7M $61M $72M $3M $189M $66M $72M $169M $196M $502M
Bank Bank of Hebei China $31M $151M $226M $79M $31M $151M $226M $79M $486M
Bank Huaxi Securities China $392M $5M $7M $78M $392M $5M $7M $78M $483M
Bank KKR Group USA $474M $4M Not On GCEL Change in Company Structure Not On GCEL Change in Company Structure $474M $4M $478M
Bank Landesbank Baden-Württemberg (LBBW) Germany $195M $33M $6M $76M $157M $352M $33M $6M $76M $467M
Bank Northern Trust USA $129M $142M $60M $127M $129M $142M $60M $127M $457M
Bank Westpac Australia $192M $82M $40M $22M $9M $75M $34M $192M $91M $114M $56M $453M
Bank Southwest Securities China $316M $137M Not On GCEL Change in Company Structure $316M Not On GCEL Change in Company Structure $137M $453M
Bank Oversea-Chinese Banking Corporation Singapore $176M $67M $61M $128M $18M $176M $67M $79M $128M $450M
Bank Minmetals Securities China $234M $157M $59M $234M $157M $59M $450M
Bank DZ Bank Germany $138M $59M $59M $76M $14M $14M $72M $152M $59M $73M $148M $433M
Bank Malayan Banking Malaysia $1M $58M $7M $262M $91M $2M $7M $262M $92M $61M $14M $429M
Bank Kotak Mahindra Bank India $36M $216M $48M $127M $36M $216M $48M $127M $427M
Bank Intesa Sanpaolo Italy $27M $90M $54M $78M $50M $50M $31M $39M $77M $140M $86M $118M $421M
Bank Tokai Tokyo Financial Holdings Japan $266M $55M $61M $34M $266M $55M $61M $34M $416M
Bank Sumitomo Mitsui Trust Japan $181M $42M $64M $117M $181M $42M $64M $117M $404M
Bank HDFC Bank India $59M $108M $32M $192M $59M $108M $32M $192M $391M
Bank Shanxi Financial Investment China $105M $95M $189M $105M $95M $189M $388M
Bank Commonwealth Bank of Australia Australia $31M $43M $72M $32M $64M $17M $128M $31M $108M $89M $160M $387M
Bank Tianfeng Securities China $67M $34M $160M $125M $67M $34M $160M $125M $386M
Bank National Rural Utilities Cooperative Finance Corporation USA $80M $28M $213M $64M $80M $28M $213M $64M $384M
Bank ING Group Netherlands $37M $54M $165M $20M $33M $30M $44M $70M $84M $210M $20M $384M
Bank Bank of Changsha China $201M $142M $40M $201M $142M $40M $383M
Bank India Infrastructure Finance Company India $296M $83M Not On GCEL Change in Company Structure Not On GCEL Change in Company Structure $296M $83M $379M
Bank Yuanta Financial Taiwan $2M $120M $155M $19M $81M $120M $155M $21M $81M $376M
Bank SinoPac Holdings Taiwan $1M $115M $209M $18M $24M $115M $210M $18M $24M $368M
Bank Northeast Securities USA $197M $134M $31M $197M $134M $31M $362M
Bank China Banking Corporation Philippines $159M $156M $6M $25M $156M Not On GCEL Change in Company Structure $6M $183M $345M
Bank Landesbank Hessen-Thüringen Germany $130M $9M $3M $44M $157M $287M $9M $3M $44M $342M
Bank JM Financial India $173M $96M $62M $2M $173M $96M $62M $2M $333M
Bank Hengtai Securities China $168M $164M $168M $164M Not On GCEL Change in Company Structure $332M
Bank Groupe BPCE France $45M $92M $80M $76M $6M $13M $12M $4M $51M $105M $92M $80M $328M
Bank Jinshang Bank China $88M $160M $65M $15M $88M $160M $65M $15M $327M
Bank Absa Group South Africa $150M $33M $53M $71M $19M $150M $104M Not On GCEL Change in Company Structure $72M $326M
Bank BayernLB Germany $108M $33M $30M $76M $24M $18M $108M $57M $47M $76M $288M
Bank NatWest United Kingdom $34M $52M $76M $111M $6M $3M $145M $6M $55M $76M $281M
Bank Philippine National Bank Philippines $159M $116M $2M $116M Not On GCEL Change in Company Structure $2M $159M $277M
Bank La Caixa Group Spain $94M $19M $80M $24M $6M $4M $21M $23M $100M $24M $101M $46M $272M
Bank Barrenjoey Markets Australia $113M $50M $102M $113M $50M $102M $265M
Bank Erste Group Austria $101M $12M $45M $55M $24M $26M $1M $156M $36M $71M $1M $265M
Bank IDBI Bank India $174M $39M $50M $174M $39M Not On GCEL Change in Company Structure $50M $263M

     



 

Important Notice

This report is intended for informational purposes only and does not constitute investment advice or a recommendation to engage in any investment activity. Nothing in this publication should be interpreted as an endorsement, approval, or support of any company, financial institution, or investment product mentioned herein. Readers are encouraged to critically evaluate the information and draw their own conclusions regarding the data and analysis provided.

Our financial research builds on the “BOCC+ 2026” dataset researched by the Banking on Climate Chaos Coalition (including Rainforest Action Network, Indigeneous Environmental Network, BankTrack, CEED, Oil Change International, Reclaim Finance, Sierra Club, and Urgewald). The financial dataset was compiled in collaboration with the not-for-profit research institute Profundo.

For more information read our detailed Methodology.