Deutsche Bank tightens coal finance policy but not oil and gas

Deutsche Bank in recent years has marketed itself as a lender that firms can turn to as they transition to a greener future, a strategy it views as central to its own turnaround and boosting profits.

Deutsche said its financing of the oil and gas sector declined by more than 20% last year, which it attributed to the bank's exit from Russia and its cessation of support for Russian gas companies rather than an active decision to stop financing certain providers.

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