Two Scandinavian Banks Boycott, threaten Israeli Banks

According to the popular Walla Hebrew news site the Swedish Nordea Bank, which is the largest bank in Scandinavia, and the Norwegian Danske Bank, have announced that they will boycott Bank Hapoalim for funding projects in what they call “occupied territory”.

The Nordea Bank also demanded that Bank Mizrahi Tefahot and Bank Leumi immediately make public their financing operations over the green line. The most familiar areas where building continues to be financed and flourish are the formerly outside the green line Jerusalem neighborhoods of Arnona, Pisgat Zeev, and Har Homa.

The action taken by the banks is the first bank to bank boycott. An Israeli authority highlighted that these are not decisions by the governments of Denmark and Sweden, but of private companies, making it impossible to for Israeli political leaders to protest.

Billboard for Bank Tefahot In Arnona, Jerusalem

Billboard for Bank Tefahot In Arnona, Jerusalem

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