According to a recent report by the Who Profits research project, Israeli banks have full knowledge of the criminal activities they are financing.
The report mentions six categories of support given by Israeli banks to illegal activities in the occupied territories. The banks provide special loans to people establishing illegal settlements, mortgage loans to home buyers in settlements, and services to businesses operating in the settlements. They also establish branches in the settlements, provide support to Israeli authorities there, and benefit from access to the captive Palestinian monetary market.
The Coalition of Women for Peace, an Israeli feminist group, formed the Who Profits project to document and expose Israeli and international corporate involvement in the occupations of Palestine and the Syrian Golan Heights.
“Israeli banks are principal beneficiaries of financial activities in the illegal Israeli settlements and of Israeli control over the Palestinian monetary market,” said Who Profits Research Coordinator Merav Amir.
