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2026-10-12T13:52:46.000Z

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Norway pulls $661 million from Israeli banks

Norway pulls $661 million from Israeli banks

The Norwegian Sovereign Wealth Fund decided on October 12, 2026, to withdraw investments worth approximately $661 million from five Israeli banks, including Israel International Bank. This decision was part of an ethical review of its investments in the Israeli banking sector. This move comes despite the fact that, as of the end of June, its stake in these banks was valued at this amount, even though Israel International Bank achieved a net income of 583 million shekels in the second quarter of the year.

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