Dutch pension company divests Israeli banks

Posted on: Wed, 01/08/2014 - 10:01 By: Tom Swiss

More progress for the BDS movement.

Dutch pension giant divests millions from Israeli banks involved in settlement construction

The largest Dutch pension fund company, PGGM, has reportedly chosen to withdraw all its investments from the five largest Israeli banks, whose branches are involved in financing construction in the settlements in the West Bank.

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PGGM's stance is based on an International Court of Justice ruling, which in 2004 concluded that the barrier being built around the West Bank was illegal and should be pulled down, with the "security wall" violating the rights of Palestinians.