National Treasury Management Agency
Dail Éireann — 2025-12-09
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Simon Harris (FG), Wicklow

I thank the Deputy for this question, in which he has rightly asked me to outline the progress that has been made in divesting State moneys from companies that derive profits from their activities in the occupied Palestinian territories. The Government is clear in its opposition to illegal Israeli settlements, which are contrary to international law and damaging to the pursuit of peace in the Middle East. Ireland has not been found wanting in its support of the Palestinian people and has taken practical steps at national, EU and international levels. Indeed, we have been recognised internationally as a leading voice on this. Ireland has provided over €100 million in support of the people of Palestine since 2023.
The Ireland Strategic Investment Fund, ISIF, has complete independence in implementing its investment strategy under the NTMA Acts through an investment committee that reports to the NTMA's board. ISIF has taken a decision to divest from six companies, all of which remain on the updated UN database. While divestment from these companies does not mean that Israel will stop maintaining its presence in the occupied Palestinian territories, sadly, ISIF will continue to monitor its investments.
It is important to state the companies are ones that operate all over the world. ISIF's investment in them represents a very small proportion of its overall investments. More broadly, as the Deputy knows, efforts to secure a just resolution to the Israel–Palestine conflict and to the genocidal activity taking place in Palestine are ongoing. Our focus must remain on strengthening the ceasefire and bringing about peace.
ISIF has taken a decision to divest from six companies, all of which remain on the updated UN database and with a total value at the time of divestment of approximately €2.95 million. The six companies are Bank Hapoalim BM, Bank Leumi Le-Israel BM, Israel Discount Bank Ltd., Mizrahi-Tefahot Bank Ltd., First International Bank Ltd. and Rami Levi Chain Stores Ltd. I will provide the Deputy with the list in writing.
ISIF does not comment on individual investments but a list of ISIF investments is available in the 2024 NTMA annual report. I have been informed that ISIF will continue to monitor its holdings to ensure investments remain aligned with its risk profile and investment parameters, but it does not comment on individual investments. I am due to meet officials from the NTMA shortly.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2025-12-09/debate/main
Retrieved: 2026-08-14T04:54:26+00:00
Sitting date: 2025-12-09