Connect with us

Hi, what are you looking for?

Jewish Business News


Dutch Pension Fund Disinvests From Israel

PGGM has withdrawn its investments in five Israeli banks over their activities in West Bank settlements.

Dutch pension fund asset manager PGGM has stopped investing in five Israeli banks because they are financing construction activities in Jewish settlements over the green line and have branches in the West Bank. PGGM is withdrawing on the basis of UN resolutions which have defined these settlements as illegal.PGGM, which invests on behalf of the Dutch health service pension fund, has invested tens of millions of euros in Bank Hapoalim (TASE: POLI),  Bank Leumi(TASE: LUMI),  Israel Discount Bank (TASE: DSCT),  Mizrahi Tefahot Bank(TASE:MZTF), and First International Bank of Israel (TASE: FTIN).

The banks informed PGGM that Israeli law forbade them from not providing services in the West Bank settlements.


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

cialis cialis satış