PGGM, the pension fund for millions of Dutch public sector workers, announces that it is divesting from 5 Israeli banks over their role in Israeli crimes.

The decision by PGGM came following increased public campaigning over the role that Israeli banks play in financing Israeli apartheid. PGGM divested from Bank Hapoalim, Bank Leumi, the First International Bank of Israel, the Israel Discount Bank and Mizrahi Tefahot Bank.

All 5 banks have been shown to provide various forms of support to illegal Israeli settlements and Israel’s military occupation of the West Bank and Gaza.

ABP, another huge Dutch pension fund, has divested from two Israeli weapons companies.