Ireland’s £13 billion sovereign wealth fund will divest from several Israeli companies over their ties to West Bank settlements.
Finance Minister Finance Minister Michael McGrath said last week that the Ireland Strategic Investment Fund (Isif) would withdraw around £3 million of funding from the Jewish state’s economy.
The companies removed from the fund’s portfolio are Bank Hapoalim BM, Bank Leumi-le Israel BM, Israel Discount Bank, Mizrahi Tefahot Bank Ltd, First International Bank and Rami Levi CN Stores.
"Isif has determined that the risk profile of these investments is no longer within its investment parameters and that the commercial objectives of these investments can be achieved via other investments,” McGrath said in a statement.
