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Bank Leumi Benefits - Only '67 | Israel today

2019-12-22T22:41:03.436Z


The Bank has issued loans for loans in cooperation with the EU Investment Fund • Relief - for businesses that do not operate beyond the Green Line Economy and Consumer


The Bank has issued benefits for loans in co-operation with the European Union Investment Fund • Relief - for companies and businesses that do not operate beyond the Green Line

  • National Bank // Photo: Yehoshua Yosef

Bank Leumi discriminates against its customers who live in Judea, Samaria, the Golan and East Jerusalem. The client is discriminated against at a time when the Criminal Court in The Hague decided to investigate Israel for allegedly committed war crimes in Judea, Samaria and the Gaza Strip, and under the UN Commissioner's intention to publish a "black list" of businesses providing civil services to residents in these areas.

Recently, Bank Leumi has issued loans to provide loans in cooperation with the European Union Investment Fund (EIF). This is a credit that will be given to customers who meet the program's criteria. These criteria are best suited to companies engaged in development and innovation in technological fields. Anyone who finds suitable will be backed by the EIF, which will reduce the risk of the bank and allegedly allow him to offer the credit on discounted terms.

However, one of the clauses in the agreement on which the EIF signs its customers expressly states that Israeli customers of the Bank operating or residing outside the June 1967 lines, including all of Judea and Samaria, East Jerusalem, the Golan Heights and the Gaza Strip, will not be able to enjoy the guarantees and the discounted credit.

This is a passage on the boycott and discrimination law on the basis of residence, which is contrary to Israeli law. The boycott clause also applies to "those who pledged to participate in the boycott". Refusing to provide discounted loans just because they operate or live outside the '67 lines, which is a political issue, is discrimination on the grounds of residence.

"Israel Today" learned that other banks had been offered to participate in the program, but they refused because of the Foundation's requirement to discriminate with their customers. Leumi Bank commented: "The EU guarantees are part of a major master plan called Horizon 2020, set up for the promotion of innovation in Europe, and also a member state of Israel. The guaranty program has established rigorous criteria as a condition for participation in the program. From 100 companies in the hundreds of millions of dollars. "

Source: israelhayom

All news articles on 2019-12-22

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