Norway withdraws $661 million from five Israeli banks

Oslo - Ofoq News - The Norwegian sovereign wealth fund withdrew its investments from five Israeli banks, including the First International Bank of Israel, in a step that comes 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 shares in the five banks amounted to about $661 million as of the end of last June, according to what media reported.

The First International Bank of Israel is among the banking institutions included in the decision, despite recording a net income of 583 million shekels during the second quarter of this year, compared to 480 million shekels in the first quarter.