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hrw: israeli banks complicit in settlement expansion | israel news

hrw: israeli banks complicit in settlement expansion | israel news News Article With The full text news. The Resource Link is down the post and you can View this News Article in the source page.



hrw: israeli banks complicit in settlement expansion | israel news

a leading rights group says israeli banks are contributing to the expansion of jewish settlements in the west bank by providing loans and mortgages for construction there.a report by human rights watch (hrw) released on wednesday says no israeli law requires the banks to provide such services for the settlements. it says the banks have continued to do so regardless of their human rights obligations."israeli banks are financing settlement construction and facilitating settlement expansion as a matter of choice, not because they are somehow required to do so under domestic law," said sari bashi, israel and palestine advocacy director at human rights watch.the group is calling on the banks to extricate themselves from the settlements or face the risk of action from shareholders. read more - un: israel settlements big hurdle to two-state solution furthermore, hrw said that institutional investors should ensure that their business relationships are free from settlement-related products or investments.the report mentioned the example of some previous international investors, such as the united methodist church pension fund and the dutch pension fund pggm, who have divested from israel's five largest banks after citing their involvement in settlements as being inconsistent with their human rights policies.israel's banks lend money to home buyers, settlement councils or to companies carrying out construction in the west bank. most also have branches in settlements.israeli law req...