Dutch pensions group divests from Israeli banks.
Global Banking News-January 8, 2014--Dutch pensions group divests from Israeli banks
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Global Banking News - 08 January 2014
A Dutch pension administrator has announced that it has divested from five Israeli banks over their activity in the West Bank.
Pension investment company, PGGM, said that it would divest from Bank Hapoalim, Bank Leumi, First International Bank of Israel, Israel Discount Bank and Mizrahi Tefahot Bank.
The firm said that it had made the move because of the 'Banks' involvement in financing Israeli settlements in the occupied Palestinian territories. This was a concern, as the settlements in the Palestinian territories are considered illegal under international humanitarian law.'
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