Report Profundo

Total Page:16

File Type:pdf, Size:1020Kb

Report Profundo French financial institutions financing companies profiting from the Israeli occupation of Palestinian territories A research paper prepared for Fair Finance France French and UK financial institutions financing companies profiting from the Israeli occupation of Palestinian territories A research paper prepared for Fair Finance France Barbara Kuepper Hassel Kroes 17 March 2017 Naritaweg 10 1043 BX Amsterdam The Netherlands Tel: +31-20-8208320 E-mail: profundo@profundo.nl Website: www.profundo.nl Contents Introduction ................................................................................................................ 1 Chapter 1 Methodology ..................................................................................... 2 1.1 Objective .................................................................................................... 2 1.2 Identification of companies profiting from the occupation .................... 2 1.3 Links to financial institutions ................................................................... 5 1.3.1 Selection of financial institutions .................................................................. 5 1.3.2 Definition of financing activities ................................................................... 6 1.3.3 Identification and quantification of financial flows ........................................ 8 1.3.4 Estimates .................................................................................................... 8 1.3.5 Presentation of the data .............................................................................. 9 1.3.6 Data limitations ........................................................................................... 9 Chapter 2 Company profiles ........................................................................... 10 2.1 Israeli banks ............................................................................................ 10 2.1.1 Bank Hapoalim .......................................................................................... 10 2.1.2 Bank Leumi ............................................................................................... 11 2.1.3 Dexia Group .............................................................................................. 12 2.1.4 First International Bank of Israel ................................................................ 13 2.1.5 Israeli Discount Bank ................................................................................ 13 2.1.6 Mizrahi Tefahot Bank ................................................................................ 14 2.2 Heavy machinery..................................................................................... 15 2.2.1 Caterpillar (United States) ......................................................................... 15 2.2.2 Doosan Infracore (South Korea)................................................................ 15 2.2.3 Hyundai Heavy Industries (South Korea) .................................................. 16 2.2.4 Manitou (France) ....................................................................................... 16 2.3 Mining, construction and energy ........................................................... 16 2.3.1 Cemex (Mexico) ........................................................................................ 16 2.3.2 Genie Energy (United States) ................................................................... 17 2.3.3 HeidelbergCement (Germany) .................................................................. 17 2.3.4 Israel Electric Corporation (Israel) ............................................................. 17 2.3.5 Shikun & Binui (Israel) ............................................................................... 18 2.4 Telecommunication ................................................................................ 19 2.4.1 Altice (Luxembourg) .................................................................................. 19 2.4.2 Bezeq – The Israeli Telecommunication Corporation (Israel) .................... 19 2.4.3 Cellcom (Israel) ......................................................................................... 20 2.4.4 Partner Communications (Israel) ............................................................... 21 2.5 Security & IT services ............................................................................. 23 2.5.1 Elbit Systems (Israel) ................................................................................ 23 2.5.2 G4S (United Kingdom) .............................................................................. 23 2.5.3 Hewlett Packard (United States) ............................................................... 24 2.5.4 L-3 Communications (United States) ......................................................... 25 2.5.5 Motorola Solutions (United States) ............................................................ 25 2.6 Public transport ...................................................................................... 26 2.6.1 Alstom (France) ........................................................................................ 26 2.7 Consumer products ................................................................................ 27 2.7.1 Achva-Achdut (Israel) ................................................................................ 27 2.7.2 Ahava (Israel) ............................................................................................ 27 2.7.3 Golan Heights Winery (Israel) ................................................................... 27 2.7.4 Hadiklaim – Israel Date Growers’ Cooperative (Israel) .............................. 28 2.7.5 Mehadrin (Israel) ....................................................................................... 28 2.7.6 Victory Supermarket Chain (Israel) ........................................................... 29 2.8 French retailers ....................................................................................... 30 2.8.1 Auchan (France) ....................................................................................... 30 2.8.2 Carrefour (France) .................................................................................... 30 2.8.3 ITM Entreprises (France) .......................................................................... 30 2.8.4 Groupe Casino (France)............................................................................ 30 Chapter 3 Links with French financial institutions ....................................... 31 3.1 Banque Public d’Investissement (Bpifrance) ........................................ 31 3.2 BNP Paribas ............................................................................................ 31 3.2.1 Shareholdings ........................................................................................... 31 3.2.2 Bondholdings ............................................................................................ 34 3.2.3 Loans and credits ...................................................................................... 35 3.2.4 Share issuances ....................................................................................... 39 3.2.5 Bond issuances ......................................................................................... 39 3.3 Banques Populaires – Caisse d’Epargne (BPCE) ................................. 44 3.3.1 Shareholdings ........................................................................................... 44 3.3.2 Bondholdings ............................................................................................ 46 3.3.3 Loans and credits ...................................................................................... 47 3.3.4 Bond issuances ......................................................................................... 49 3.4 Caisse des Dépôts et Consignations (CDC) .......................................... 51 3.4.1 Shareholdings ........................................................................................... 51 3.5 Compagnie Française d'Assurance pour le Commerce Extérieur (Coface) ................................................................................................... 52 3.6 Crédit Agricole ........................................................................................ 53 3.6.1 Shareholdings ........................................................................................... 53 3.6.2 Bondholdings ............................................................................................ 55 3.6.3 Loans and credits ...................................................................................... 56 3.6.4 Share issuances ....................................................................................... 58 3.6.5 Bond issuances ......................................................................................... 59 3.7 Crédit Coopératif ..................................................................................... 65 3.8 Crédit Mutuel CIC Group ........................................................................ 66 3.8.1 Shareholdings ........................................................................................... 66 3.8.2 Bondholdings ............................................................................................ 66 3.8.3 Loans and credits ...................................................................................... 67 3.8.4 Bond issuances ........................................................................................
Recommended publications
  • The Economic Occupation of the Syrian Golan - a Summary Introduction
    From Settlement to Shelf: The Economic Occupation of the Syrian Golan - A Summary Introduction The conflict and unrest in the Middle East region has long been a focal point of international media coverage, to the extent that a diverse array of people possess at least a rudimentary awareness of the situation currently unfolding in the occupied Palestinian Territories. Regrettably, many of the substantive issues pertaining to Israel’s occupation of the Syrian Golan, whilst equally important, have been largely neglected on the international stage, despite their considerable significance in the search for a lasting peace in the region. The occupation has had substantial repercussions for the economy and landscape of the Syrian Golan. Accordingly, this report examines the economic occupation of the Syrian Golan, focusing on the illegality of Israeli settlements, their resultant industries and the international community’s continued acquiescence regarding Israel’s gross violations of international law in the region. The Occupied Syrian Golan – A Brief Geographical Overview The Occupied Syrian Golan is a small mountainous region in the south-western corner of Syria which has been under Israeli occupation since June 1967. Comprising of mountainous peaks and plateaus, it has long been viewed as a strategic military territory, with the imposing peak of Mt. Hermon, at 2,224 metres, providing a dominant perspective of southern Syria, southern Lebanon and much of northern Israel. Despite its relatively small size, the region has an overall landmass of 1,860 sq. km and its unique terrain is unrivalled within the state of Israel.1 As such, it is coveted not only for its elevated position but also for the healthy water sources that surround Mt.
    [Show full text]
  • Corporateresponsibility20112012
    1 LIST OF CONTENTS PART A: ABOUT ................................................................................................................................................................................4 Message from the Chairman of the Board of Directors and the President& CEO ................................. 5 About the Report ..................................................................................................................................................................... 7 Business Profile ........................................................................................................................................................................ 8 Corporate Responsibility Management ................................................................................................................... 17 Targets for the Chapter on Corporate Responsibility Management......................................................... 22 PART B: CORPORATE GOVERNANCE ...................................................................................................................................25 Leumi Board of Directors ..................................................................................................................................................26 Risk Management ..................................................................................................................................................................39 Compliance and Enforcement ........................................................................................................................................42
    [Show full text]
  • Fact Sheet:Middle East and Africa ESG Screened Index Equity Sub
    EMEA_INST Managed Pension Funds Limited Middle East and Africa ESG Screened Index Equity Sub-Fund Equities 30 June 2021 Fund Objective Performance ® The Sub-Fund aims to track the FTSE Developed Annualised Fund Benchmark Difference Middle East and Africa ex Controversies ex CW 1 Year (%) 23.30 23.28 0.01 Index, or its recognised replacement or equivalent. 3 Year (%) 4.75 4.84 -0.09 Investment Strategy 5 Year (%) 0.78 0.89 -0.11 The Sub-Fund primarily invests at all times in a Since Inception (%) 4.04 4.18 -0.14 sample of equities constituting the Index with such other securities as MPF shall deem it necessary Cumulative to capture the performance of the Index. Stock 3 Month (%) 11.54 11.51 0.04 index futures can be used for efficient portfolio 1 Year (%) 23.30 23.28 0.01 management. 3 Year (%) 14.95 15.24 -0.29 The following are excluded by the index provider from the index: Controversies (as defined by the ten 5 Year (%) 3.96 4.52 -0.56 principles of the UN Global Compact); Controversial Since Inception (%) 65.75 68.57 -2.81 weapons (including chemical & biological weapons, cluster munitions and anti-personnel landmines). Calendar 2021 (year to date) 9.74 9.71 0.03 Benchmark 2020 -1.28 -1.47 0.19 FTSE Developed Middle East and Africa ex 2019 10.82 11.07 -0.24 Controversies ex CW Index 2018 -0.47 -0.12 -0.35 Structure 2017 -10.77 -10.66 -0.12 Limited Company Past performance is not a guarantee of future results.
    [Show full text]
  • The Economic Base of Israel's Colonial Settlements in the West Bank
    Palestine Economic Policy Research Institute The Economic Base of Israel’s Colonial Settlements in the West Bank Nu’man Kanafani Ziad Ghaith 2012 The Palestine Economic Policy Research Institute (MAS) Founded in Jerusalem in 1994 as an independent, non-profit institution to contribute to the policy-making process by conducting economic and social policy research. MAS is governed by a Board of Trustees consisting of prominent academics, businessmen and distinguished personalities from Palestine and the Arab Countries. Mission MAS is dedicated to producing sound and innovative policy research, relevant to economic and social development in Palestine, with the aim of assisting policy-makers and fostering public participation in the formulation of economic and social policies. Strategic Objectives Promoting knowledge-based policy formulation by conducting economic and social policy research in accordance with the expressed priorities and needs of decision-makers. Evaluating economic and social policies and their impact at different levels for correction and review of existing policies. Providing a forum for free, open and democratic public debate among all stakeholders on the socio-economic policy-making process. Disseminating up-to-date socio-economic information and research results. Providing technical support and expert advice to PNA bodies, the private sector, and NGOs to enhance their engagement and participation in policy formulation. Strengthening economic and social policy research capabilities and resources in Palestine. Board of Trustees Ghania Malhees (Chairman), Ghassan Khatib (Treasurer), Luay Shabaneh (Secretary), Mohammad Mustafa, Nabeel Kassis, Radwan Shaban, Raja Khalidi, Rami Hamdallah, Sabri Saidam, Samir Huleileh, Samir Abdullah (Director General). Copyright © 2012 Palestine Economic Policy Research Institute (MAS) P.O.
    [Show full text]
  • The Advisory Committee for the FTSE Med-100 Index, Had Its Semi-Annual Meeting Today, 14Th of November 2012
    The Advisory Committee for the FTSE Med-100 Index, had its semi-annual meeting today, 14th of November 2012. The FTSE Med-100 Index which was launched on the 19/6/2003 is composed of 100 stocks of three Exchanges (Athens Exchange, Tel-Aviv Stock Exchange and Cyprus Stock Exchange). The Advisory Committee of the index is comprised of representatives from the three Exchanges and also from the global index provider “FTSE Group”. During this meeting, the committee reviewed the operation of the index for the six months period between May 2012 – October 2012, in accordance with its ground rules, which follow international standards. Having applied the index rules, no changes are applicable in the constituent list of the index. The index is composed of 65 stocks listed on the Tel-Aviv Stock Exchange, 22 stocks listed on the Athens Exchange and 13 stocks listed on the Cyprus Stock Exchange. The list of the constituent 100 companies is as follows: Country Capital value (Euro million) 1 Teva Pharmaceutical Israel 27.292,7 2 Israel Chemicals Israel 12.219,9 3 Coca-Cola HBC Greece 6.031,4 4 Israel Corporation Israel 4.035,7 5 Bank Hapoalim Israel 3.986,6 6 Bank Leumi Israel 3.646,5 7 Bezeq Israel 2.556,6 8 Azrieli Group Israel 2.097,3 9 Mellanox Technologies Israel 1.947,6 10 Hellenic Petroleum (Cr) Greece 1.845,0 11 Natl Bank Of Greece Greece 1.710,1 12 Hellenic Telecom Greece 1.670,3 13 Delek Group Israel 1.668,5 14 Nice Systems Israel 1.603,7 15 Mizrahi Tefahot Bank Ltd.
    [Show full text]
  • November 2014 Al-Malih Shaqed Kh
    Salem Zabubah Ram-Onn Rummanah The West Bank Ta'nak Ga-Taybah Um al-Fahm Jalameh / Mqeibleh G Silat 'Arabunah Settlements and the Separation Barrier al-Harithiya al-Jalameh 'Anin a-Sa'aidah Bet She'an 'Arrana G 66 Deir Ghazala Faqqu'a Kh. Suruj 6 kh. Abu 'Anqar G Um a-Rihan al-Yamun ! Dahiyat Sabah Hinnanit al-Kheir Kh. 'Abdallah Dhaher Shahak I.Z Kfar Dan Mashru' Beit Qad Barghasha al-Yunis G November 2014 al-Malih Shaqed Kh. a-Sheikh al-'Araqah Barta'ah Sa'eed Tura / Dhaher al-Jamilat Um Qabub Turah al-Malih Beit Qad a-Sharqiyah Rehan al-Gharbiyah al-Hashimiyah Turah Arab al-Hamdun Kh. al-Muntar a-Sharqiyah Jenin a-Sharqiyah Nazlat a-Tarem Jalbun Kh. al-Muntar Kh. Mas'ud a-Sheikh Jenin R.C. A'ba al-Gharbiyah Um Dar Zeid Kafr Qud 'Wadi a-Dabi Deir Abu Da'if al-Khuljan Birqin Lebanon Dhaher G G Zabdah לבנון al-'Abed Zabdah/ QeiqisU Ya'bad G Akkabah Barta'ah/ Arab a-Suweitat The Rihan Kufeirit רמת Golan n 60 הגולן Heights Hadera Qaffin Kh. Sab'ein Um a-Tut n Imreihah Ya'bad/ a-Shuhada a a G e Mevo Dotan (Ganzour) n Maoz Zvi ! Jalqamus a Baka al-Gharbiyah r Hermesh Bir al-Basha al-Mutilla r e Mevo Dotan al-Mughayir e t GNazlat 'Isa Tannin i a-Nazlah G d Baqah al-Hafira e The a-Sharqiya Baka al-Gharbiyah/ a-Sharqiyah M n a-Nazlah Araba Nazlat ‘Isa Nazlat Qabatiya הגדה Westהמערבית e al-Wusta Kh.
    [Show full text]
  • White Phosphorus (WP) and Smoke Mortars in 60Mm, 81Mm and 120Mm Calibers, Equipped with Point Detonating, Proximity and Electronic Time Fuses
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2010 Commission File No. 0-28998 ELBIT SYSTEMS LTD. (Exact name of registrant as specified in its charter and translation of registrant’s name into English) Israel (Jurisdiction of incorporation or organization) Advanced Technology Center, Haifa 31053, Israel (Address of principal executive offices) Joseph Gaspar c/o Elbit Systems Ltd. P.O. Box 539 Advanced Technology Center Haifa 31053 Israel Tel: 972-4-831-6404 Fax: 972-4-831-6944 E-mail: j.gaspar@elbitsystems.com (Name, telephone, e-mail and/or facsimile number and address of Company contact person) Securities registered or to be registered pursuant to Section 12(b) of the Act: Ordinary Shares, nominal value 1.0 New Israeli Shekels per share (Title of Class) The NASDAQ Global Select Market (Name of each Exchange on which registered) Securities registered or to be registered pursuant to Section 12(g) of the Act: Not Applicable Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: Not Applicable Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report: 42,693,340 Ordinary Shares Indicate by check mark whether the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes x No o If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
    [Show full text]
  • Wine Catalogue Golan Heights Winery
    WINE CATALOGUE GOLAN HEIGHTS WINERY Soil. Topography. Climate. Three distinct grape-growing conditions for producing quality wines on an international level. In Israel, these optimal conditions exist in the Golan Heights. As in other premier wine regions worldwide, everything in this magical strip of land begins with the right conditions, a combination of volcanic basaltic soil, suit- able topography and high altitude resulting in cool climate found in the Golan. This is what gives the Golan Heights its second name: “Wine Country.” Over the years, the distinctive wines of the Golan Heights Winery have become world-renowned, winning dozens of awards at prestigious international competitions. Indeed, the Winery has placed Israel on the world wine map. Since its founding in 1983, the Golan Heights Winery has created four leading brands – Yarden, Gamla, Hermon and Golan. Today, it is considered Israel’s leading winery when it comes to wine quality, technological innovation, and new variety development. The Winery has played a significant role in nurturing the country’s current wine culture, and has altered the way Israeli wines are perceived worldwide. The Winery Name: Golan Heights Winery Location: Katzrin, Northeast Israel Established: 1983 Owners: Galilee and Golan Heights Vineyards, Inc. 4 Kibbutzim (collectives): El Rom, Ortal, Ein Zivan and Geshur 4 Moshavim (cooperatives): Ramat Magshimim, Yonatan, Allone Habashan and Ramot Naftali Subsidiaries: Galil Mountain Winery; Yarden, Inc. USA Brands: Yarden, Gamla, Hermon, Golan Harvest: 6,000
    [Show full text]
  • W. TELFED August 1993 Vol
    W. TELFED August 1993 Vol. 19 No. 3 46 SOKOLOV (2nd Floor) RAMAT-HASHARON Tel. 03*5400070 Home 052-446967 Fax 03-5400077 Dear Friends, Hectic times these. I'm sure we're all anxiously watching events in S. Africa in the hope that the transition will be as peaceful as possible. Of course events in the north over the past week also add to one's daily worries. A bit difficult to talk about holidays and having a good time under such circumstances, but 1 suppose life must carry on and maybe "dafka" because of the daily strain you owe it to yourself to take a break every now and then!!! After the few blasts in Turkey, there has been a definite drop off in interest. The best deals are still to be had to Antalya, Marmaris etc. where a week's package H/Board can be had for approx. $585.- II! The Greek Islands of Rhodes, Crete, Samos, Santorini and Corfu are all being serviced by direct charter flights this summer with packages from $650 - $990 depending on type of hotel etc. With El-Al starting direct flights to Paphos in Cyprus its also become very popular this year with very inexpensive 3 nite 4 nite or 7 nite packages at beautiful hotels. All the above should carry on until the middle of October. SAA announced this week that as of beginning of September they are starting to fly twice a week to Jhb — on Monday and Wednesday, both flights in a 767. With 3 weekly flights planning your forthcoming trip to S.A.
    [Show full text]
  • 2013 Catalyst Census and Include Information on 777 Board Members in Office in 2013
    The Strauss Group and the Israel Women's Network are proud to present: THE ISRAELI CATALYST REPORT WOMEN LEADING BUSINESS The Fourth Israeli Census Report 2013 Women's Representation in the TA-100 Companies Index MARCH 2014 DIVERSITY IS AN OPPORTUNITY Table of Contents Foreword 3 Executive summary 4 Part A: The 2013 Israel Catalyst Census Report 1. Main findings – the 2013 Israel Census 5 2. Introduction – What does the future hold? 8 3. Background, goals and methodology 9 4. Detailed findings – women on boards of directors 10 4.1 Women on boards of directors 10 4.2 Chairperson of the board positions held by women 11 4.3 Companies according to the number of women on the board of directors 11 4.4 Women on the board of directors by industry 12 4.5 International comparison – women on boards of directors 13 4.6 International comparison – companies with at least one woman on the board of directors 14 4.7 Summary – women on boards of directors 14 5. Detailed findings – women in top executive positions 15 5.1 Women in top executive positions 15 5.2 Chief Executive Officer positions held by women 15 5.3 Companies according to the number of women in top executive positions 16 5.4 Women in top executive positions by industry 17 5.5 Area of occupation in top executive positions - gender comparison 18 5.6 International comparison – women in top executive positions 18 6. Annexes 19 6.1 Census size 19 6.2 2012 Census data: Ranking of companies with 25% and more of women on the board of directors and in management 19 Part B: Accompanying research – how many women are "enough"? Adequate representation on the boards of directors of public companies 1.
    [Show full text]
  • English Version
    :ÎÊ·ÇAÎj?fb< “Preliminary Study” e content of this publication is the sole responsibility of ARIJ and can under no circumstances be regarded as reecting the position of RLS Trading your Neighbours Water 1 Table Of Contents 1. Introduction ................................................................................................................................... 3 2. Existing Research ...................................................................................................................... 4 3. Main Findings ................................................................................................................................ 6 3.1. Water Allocation ................................................................................................................ 6 3.2. Agriculture .........................................................................................................................12 3.3. Product Export .................................................................................................................18 3.4. Virtual Water ....................................................................................................................19 4. Conclusion ..................................................................................................................................21 5. Recommendations .....................................................................................................................22 List Of Tables Table 1: The water allocation to the settlements
    [Show full text]
  • Periodic Report As the Group Or the Bezeq Group
    Chapter A – Description of Corporation’s Operations In this report, which contains a description of the Corporation’s business operations as at December 31, 2008, the Company has included forward-looking information, as defined in the Securities Law 5728-1968 (the Securities Law). Such information includes forecasts, targets, appraisals and assessments which apply to future events or matters the realization of which is not certain and is not under the Corporation’s control. Forward-looking information in this report will usually be identified specifically, or by employing statements such as “the Company expects”, “the Company assesses”, “it is the Company’s intention”, and similar statements. Forward-looking information is not a proven fact and is based only on the Company’s subjective assessment, based, inter alia, on a general analysis of the information available at the time of drafting of this report, including public announcements, studies and surveys, and they contain no undertakings as to the correctness or completeness of the information contained therein, and the Corporation does not independently check the correctness thereof. The Company’s assessments vary from time to time, depending on circumstances. In addition, the realization and/or otherwise of the forward-looking information will be affected by factors that cannot be assessed in advance, and which are not within the control of the Company, including the risk factors that are characteristic of its operations as set out in this report, and developments in the general environment, and external factors and the regulation that affects the Company’s operations, as set out in this report. Bezeq The Israel Telecommunication Corporation Limited (the Company or Bezeq) along with the subsidiaries that it owns in whole or in part, whose financial statements are consolidated with the Company's, shall be jointly referred to in this periodic report as the Group or the Bezeq Group.
    [Show full text]