As reported by Investigate, a project by the American Friends Service Committee Israel Discount Bank is a “major Israeli commercial bank that provides mortgages to home buyers in Israeli settlements in the occupied territory.

Through its subsidiary, Bank Otsar HaHayal (68% ownership), the bank provides loans to local authorities of settlements and to Israeli businesses operating in the occupied territory. Bank Otsar HaHayal also has a branch in the settlement of Ariel.

Another subsidiary of the bank, PAGI Bank (68.7% ownership), has branches in the settlements of Beitar Illit and Modi’in Illit.”

It is on the UN OHCHR’s database of companies active in illegal Israeli settlements, based on stolen Palestinian land.

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