Insurance giant Axa divested almost €18m from Israeli Banks following sustained public pressure, new report claims

Eko report claimed Axa held shares in three Israeli banks engaged in settlement activity in occupied Palestine

The BDS and Eko campaign against Axa saw several demonstrations organised against the insurance giant, including in Ireland. (Photo by ERIC LALMAND/BELGA MAG/AFP via Getty Images)

A new report by global campaigning organisation Eko claims French insurance giant Axa has divested fully from several Israeli banks found to be engaged in settlement activities in occupied Palestine.

The report, which follows a long-standing campaign supported by the Boycott, Divestment and Sanctions (BDS) movement, stated that Axa had sold its remaining investments in all Israeli banks that finance illegal settlements in occupied Palestinian territory.