COMMONWEALTH BANK OF AUSTRALIA The Guardian reporter Joshua Robertson filed a story on Friday, 30 September, 'Commonwealth Bank: coal seam gas makes property 'unacceptable' as loan security.'
The basis of the story, that Commonwealth Bank does not lend to individuals or businesses involved in coal seam gas, is wrong.
Commonwealth Bank assesses every loan application on a case-by-case basis. Commonwealth Bank does not have a policy of excluding coal seam gas wells as acceptable security in our regional and agribusiness banking.
Commonwealth Bank of Australia published this content on 30 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 September 2016 19:08:07 UTC.
Original documenthttps://www.commbank.com.au/guidance/newsroom/guardian-story-on-impact-of-coal-seam-gas-untrue-201609.html
Public permalinkhttp://www.publicnow.com/view/25BF918FC728DD0B8BB2637A149D881D803FFDA3
