Dexia

Dexia Israel, a subsidiary of the Belgian-French Dexia Group, provides long-term loans and other financial services to Israeli local authorities in the occupied territory. After Who Profits exposed proof of that fact, and following months of protest and a public campaign led by the Belgian Intal group, Dexia announced, in June 2009 that financing Israeli settlements is contrary to the bank’s code of ethics, and that the bank would stop providing new loans to West Bank settlements.

The Belgian-French financial group Dexia has announced it will no longer finance Israeli settlements in the occupied Palestinian territories through its Israeli branch Dexia Israel. This is the result of a months-long campaign in Belgium, supported by NGO’s, political parties, local authorities, trade unions and other organisations. Dexia’s management states that financing Israeli settlements is indeed against the bank’s code of ethics and it will stop giving loans due to this.

For more information: http://www.intal.be/

Statement by AXA

This statement is available as a PDF file by following this link:

http://wri-irg.org/news/2007/Com VA AIHI 050307.pdf

Response to the AXA statement

This communication by AXA on investments in producers of antipersonnel landmines and cluster bombs offers no concrete news on the point of view of AXA. The facts behind and within this communication are still shocking :