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9 Jan, 2014

PressTV – Dutch giant pension fund PGGM boycotts Israeli banks

One of the world’s leading pension fund management companies, the Netherlands’ PGGM, has boycotted Israeli banks over Tel Aviv’s continued illegal settlement activities in the occupied Palestinian territories.

The Dutch pension giant decided to withdraw all its investments from Israel’s five top banks, saying the decision was made because Tel Aviv’s settlement construction in the occupied West Bank poses a problem from the standpoint of international law.

In a statement released on Wednesday, the company said it “does not invest its clients’ funds in companies that produce or deal in controversial weapons. Nor are funds invested in companies that violate human rights or labor rights and who are unwilling to discuss making improvements.”

There are now growing concerns in Israel that the firm’s decision could lead other companies in Europe to follow suit.

Read the rest: PressTV – Dutch giant pension fund PGGM boycotts Israeli banks.