The trend has shifted with fossil fees now outpacing green fees. Syndication fees have risen quarter-on-quarter, with fossil up +252% and green +62%. This leads to the net figure turning negative, with USD-19 million net fees in the past year for large banks.
The top and bottom of the league tables remain static. Credit Agricole, Societe Generale, and BNP Paribas remain at the top, but all worsening their net fees compared to the last report. Wells Fargo also worsens its net fees at the bottom.
The overall fee trend however is contrary in ASEAN and Japan. In ASEAN the average net fee ratio has continued to rise in the latest period and in Japan all banks have a positive net figure. This may indicate regional divergence in themes of energy investments.
