Greenpeace today accused banking giant HSBC of helping to arrange billions of dollars in financing for companies whose palm oil operations have been blamed for destroying vast swathes of Indonesian rainforest.<br/>The environmental group said the British bank had broken its own guidelines which ban supporting palm oil companies involved in unsustainable practices as it was part of syndicates that had arranged USD 16.3 billion of loans since 2012. The activists said in a new report, that the bank was also involved in arranging nearly USD 2 billion of corporate bonds.<br/> <br/>Senior forest campaigner for Greenpeace Southeast Asia, Annisa Rahmawati said, HSBC claims it's a respectable bank with responsible policies on deforestation,but somehow these fine words get forgotten when it's time to sign the contracts.<br/><br/>The bank said it did not knowingly provide services to directly support palm oil companies that do not comply with their policies on deforestation.