A report by Bloomberg shows an Oklahoma bank is among a handful of US regional banks that have taken major steps to increase lending to oil, gas and coal clients.
The list of the regionals included BOK Financial Corp in Oklahoma where there is a 2-year old law in which financial institutions are reviewed for their anti-oil and gas ESG policies. But the Bloomberg report indicated BOK Financial has become one of the world’s 30 busiest dealmakers in fossil fuels.
Bloomberg quoted Marisol Salazar, senior vice president and manager for BOK Financial who said as a result of the bank’s dealmaking, it is seeing “much more opportunities” in the oil and gas industry.
“We’re not just picking up customers,” she said. “We’re also picking up talent, we’re picking up engineers, we’re picking up investment bankers, we’re picking up experienced relationship managers.”
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