Investing

Isif to divest almost €3 million from companies in illegal Israeli settlements

The Ireland Strategic Investment Fund held six companies, including five banks, that were operating in the area

The National Treasury Management Agency (NTMA), which manages the fund, said it plans to sell out of six companies. Picture: Fergal Phillips

The Ireland Strategic Investment Fund (Isif) is selling almost €3 million worth of investments in companies operating in the occupied Palestinian territory.

The National Treasury Management Agency (NTMA), which manages the fund, said it plans to sell out of six companies: Bank Hapoalim, Bank Leumi-le Israel, Israel Discount Bank, Mizrahi Tefahot Bank, First International Bank and Rami Levi CN Stores.

The investments are listed on a United Nations database of companies operating in the settlements.