Middle East Monitor: Dutch pension giant boycotts Israeli banks, G4S faces OECD investigation

Dutch pension fund giant PGGM has withdrawn all its investments from Israel's five largest banks because of their complicity in West Bank settlements. The report in Israeli newspaper Haaretz was apparently confirmed by PGGM this morning.

The Israeli banks targeted are Bank Hapoalim, Bank Leumi, Bank Mizrahi-Tefahot, the First International Bank of Israel and Israel Discount Bank.

Citing a source, Haaretz said that PGGM - which has reported assets of €131 billion - spent months informing the Israeli banks that their ties with both settlements and other companies also involved in settlements, was problematic from the point of view of international law. The Israeli paper pointed out that PGGM's "decision is liable to damage the banks' image, and could lead other business concerns in Europe to follow suit"...

- Read more here: https://www.middleeastmonitor.com/blogs/politics/9115-dutch-pension-giant-boycotts-israeli-banks-g4s-faces-oecd-investigation