EnergySoutheast Asia's largest bank DBS to phase out thermal coal financing Reuters 2 minutes read A DBS booth is seen at the Singapore Fintech Festival in Singapore November 16, 2016. REUTERS/Edgar Su Singapore bank DBS Group (DBSM.SI) said on Friday it would phase out financing for customers that derived revenue from thermal coal and had committed to zero exposure to the sector by 2039. The move comes as banks around the world have faced increasing public, investor and political pressure to join the battle against climate change and stop financing the coal industry. DBS will cease signing up new customers deriving more than 25% of their revenue from thermal coal with immediate effect, it said in a statement.