Norway withdraws $661 million from five Israeli banks

OSLO, Oct. 12 (YPA) – Norway’s sovereign wealth fund has divested from five Israeli banks, including First International Bank of “Israel”, as part of an ethical review of its investments in the Israeli banking sector.

The fund announced its decision on October 12, 2026, noting that the total value of its holdings in the five banks stood at approximately $661 million as of the end of June, according to media reports.

First International Bank of “Israel” is among the financial institutions affected by the decision, despite recording a net income of 583 million shekels during the second quarter of the current year, compared to 480 million shekels in the first quarter.

YPA