Banktrack Blog

Ukrainian coal giant DTEK’s assets becoming increasingly stranded

Dec 222015

By Oleg Savitsky (NECU) and Greig Aitken (BankTrack), 22 December 2015

Almost two months ago, NECU and BankTrack issued an Investor Alert describing the circumstances which had forced Ukraine’s biggest coal company, DTEK, to seek a debt restructuring agreement with a host of European banks, including Dutch ING, Italy’s UniCredit and Austria’s Erste Bank. The troubled coal giant has been seeking a delay in the payment of most of its $3 billion debt. Continue reading »

Brazil’s new directive is a watered down version of what might have been

Jun 242014

By Merel van de Mark, BankTrack, 24 June 2014

In April the Brazilian Central Bank launched a new Directive which makes it compulsory for Financial Institutions to implement a Social and Environmental Responsibility Policy, at the latest by the end of July 2015. This policy should contain guidelines and principles to guide the bank’s social-environmental actions with regard to its business and its relationships with stakeholders.