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

01 Feb
9:35 PM

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.

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Chris Carlson is a student of religion at Mount Mercy University, United States, and has been a regular volunteer with the IMEMC since 2013. He assisted in providing extensive coverage of the 2014 Israeli military offensive on the Gaza Strip, and continues into the present day, with the issues at hand. He can be reached via email at c h r i s @ i m e m c . o r g.

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