Dutch pensions group removes Israeli banks from blacklist
PGGM had u-turns on decision to divest from five leading Israeli banks over 'ethical concerns'
A large Dutch pensions group has reversed its blacklisting of Israeli banks from 2014.
PGGM had divested from all five leading Israeli banks over “ethical concerns” pertaining to their presence or actions in the West Bank, disputed territory where Palestinians are the majority but where hundreds of thousands of Israelis also live. The decision to blacklist was seen as a major victory for advocates of attempts to boycott Israel.
But on Wednesday, the Nieuw Israelitisch Weekblad, or NIW, revealed that the Israeli banks have been taken off the blacklist and are therefore now presumed eligible for investment and other transactions by PGGM.
The report did not say whether PGGM has invested or otherwise dealt with the banks in question.
Keep community journalism free.
Jewish News is free for everyone. No paywall. No barriers. Just trusted journalism for anyone who wants to stay connected to Jewish life in Britain.
If you value that, please support us.
From as little as £5 a month, you can help keep our journalism free and accessible to all.
Every day, we report on the issues that matter to our community. We celebrate achievements, support charities, challenge antisemitism and ensure Jewish voices are heard more widely.
From as little as £5 a month, you can help us continue to:
- Report on the stories shaping Jewish life in the UK and beyond
- Bring our community together through shared stories, events and campaigns
- Celebrate the people, culture and moments that define our community
- Support organisations doing vital work across Jewish Britain
You can make a one-off donation or become a regular supporter. Every contribution helps keep our journalism free, independent and accessible to all.
If everyone who values Jewish News gave a small amount, it would make a real difference to our future.
