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13 Aug 2017

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Report: Israeli banks financing construction & occupation of illegal settlements in the West Bank; banks invited to respond to allegations

"Financing land grab: The direct involvement of Israeli banks in the Israeli settlement enterprise",  February 2017

Israeli banks provide the financial infrastructure for all the activities of companies, governmental agencies and individuals linked to the continuing occupation of Palestinian land. The following report focuses on the central role that Israeli banks play in construction and infrastructure projects in West Bank and East Jerusalem settlements and in providing loans to regional and local councils of settlements in the West Bank. The findings of this report reveal that all Israeli banks except Dexia Israel provide special loans to construction and infrastructure projects in settlements in the West Bank and East Jerusalem. In addition, all Israeli banks with no exception provide loans and financial services to local and regional councils of Israeli settlements in the West Bank...Furthermore, most Israeli banks have several branches in Israeli settlements in the West Bank and East Jerusalem. The different banks operate 33 branches in those settlements, through which they provide financial services to settlers and commercial companies in settlements, thereby enabling the continued maintenance and development of the settlements...

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