Denmark's largest bank divests from Israeli firm- report

Danske Bank states Bank Hapoalim is acting against the rules of international humanitarian law over settlement construction

Denmark's largest bank divests from Israeli firm- report

World Bulletin/News Desk

Denmark's largest bank decided to pull its investments in Bank Hapoalim because of its involvement in the funding of settlement construction, Haaretz reports.

Danske Bank added Bank Hapoalim to its list of companies in which the company cannot invest due to its corporate accountability rules.

According to the report, the bank stated that Bank Hapoalim was acting against the rules of international humanitarian law. The Danish bank had already decided to pull its investments from Africa Israel Investments Ltd. and Danya Cebus due to their involvement in settlements construction.

Approximately a week ago, the Netherlands' largest pension fund management company, PGGM, decided to withdraw all its investments from Israel’s five largest banks because they have branches in the West Bank and/or are involved in financing construction in the settlements. Earlier this week, The Norwegian Ministry of Finance announced it has decided to exclude Israeli firms Africa Israel Investments and Danya Cebus from its Government Pension Fund Global.

Last Mod: 01 Şubat 2014, 17:28
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Hish Anin
Hish Anin - 5 yıl Before

Yes, slowley but surely