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.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.