Bank Hapoalim
Bank Hapoalim Flash 90

A new stage of the BDS movement’s war against the Jewish state is now underway, as anti-Israel groups convince financial advisors to divest from Israeli banks and financial institutions.

According to a Channel 20 report, BDS activists have recently been working to convince financial advisors, mainly in the US, that investing in Israel is tantamount to supporting human rights violations.

Among other means, the anti-Israel activists cite documents and reports authored by the UN Human Rights Council against Israel to make their case.

The efforts are already having an effect on two of Israel’s largest banks, Bank Leumi and Bank Hapoalim.

“There are two very large churches, the Presbyterian Church and the Methodist Church - each one has a pension fund of tens of millions of dollars - that pulled their investments in Bank Leumi and Bank Hapoalim, because they convinced them that investing in Israel equals violating human rights,” Israeli attorney Calev Myers, Chairman of the Anti-BDS Commission of the Israel Association of Bi-National Chambers of Commerce, told Channel 20.

Myers explained that the “quiet” nature of the latest BDS attack makes it hard to combat. “‘Boycott’ is something public against which you can fight through legislative means. Investments - each person invests where he wants. He simply decides to invest here, or withdraw his investments there…”