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Denmark's Largest Bank Divests From Israel's Hapoalim Over Settlement Construction

author Saturday February 01, 2014 18:05author by Chris Carlson - 1 of International Middle East Media Center Editorial Group Report post

Danske Bank states that Bank Hapoalim is acting against the rules of international humanitarian law. The bank has already pulled investments from two Israeli firms.

Construction site in the West Bank settlement of Modiin Illit. Photo by AP
Construction site in the West Bank settlement of Modiin Illit. Photo by AP

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

Approximately a week ago, the Netherlands' largest pension fund management company, PGGM, decided to withdraw all of 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.

category international | international politics | news report author email chris at imemc dot org
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