A Boycott, Divestment and Sanctions (BDS) protest against Israel. Photo: Wikimedia Commons.

JNS.org – Several large European pension funds are considering divesting from Israeli banks.

According to the Financial Times, the pension funds are concerned “that the banks finance illegal Israeli settlements in Palestinian-occupied territories.”

The Dutch fun ABP, the world’s third-largest pension fund, and two other major European investors, Nordea Investment Management and DNB Asset Management, want more information from the Israeli banks.

Additionally, Norway’s largest pension fund, KLP, said it would discuss its investments in Israeli banks. PGGM, Holland’s second-largest pension fund, earlier this month became the first large European investor to divest from holdings in Israel’s five largest banks.