First International Bank of Israel Ltd.
Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
Norwegian pension fund divestment
Kommunal Landspensjonskasse announced that it would divest from FIBI and other companies named in the UN database because of their alleged links to Israeli settlements. The event extended the reputational and investment controversy surrounding the bank.
2021
Divestment by Kommunal Landspensjonskasse
Norway’s largest pension fund, Kommunal Landspensjonskasse, announced that it would divest from First International Bank along with other entities identified in the United Nations database. The action reflected the fund’s assessment of the bank’s alleged links to settlement-related activity.
2020
United Nations settlement-related listing
The United Nations published a database of companies it said were involved in activities supporting the maintenance or development of Israeli settlements in the West Bank, including East Jerusalem, and the Golan Heights. FIBI was included in relation to banking and financial operations. The listing generated criticism and responsible-investment scrutiny. The United Nations included First International Bank in a database concerning companies it said were involved in services, utilities, or banking and financial operations supporting the maintenance or expansion of Israeli settlements in the West Bank, East Jerusalem, and the Golan Heights. The listing generated reputational and responsible-investment scrutiny.