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Leading Israeli bank involved in nuclear missiles industry

While many countries and companies avoid investing in companies that develop weapons of mass destruction, a Dutch organization reveals the funding sources of the global nuclear weapons industry.
A pedestrian walks outside a branch of Bank Hapoalim in Jerusalem March 26, 2009. Bank Hapoalim, Israel's largest lender in terms of assets, should return to profitability in the first quarter after posting a loss in the 
fourth quarter, its chairman said on Thursday. 
REUTERS/Baz Ratner (JERUSALEM BUSINESS) - RTXD7YQ
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Among the guests who traveled to Israel last week to take part in a closed-door Tel Aviv conference on the subject of disarming the Middle East of weapons of mass destruction, I met Wilbert van der Zeijden from the Dutch organization IKV Pax Christi, one of the event’s sponsors. Van der Zeijden is the co-author of a newly issued comprehensive report on funding sources for the production of nuclear weapons.

The Israeli reader will be surprised to learn that no fewer than $2 billion is invested annually in Israel in the nuclear industry. Among other things, the document reports that the Israeli Hapoalim Bank participated in a syndicate of 13 banks who secured credit for the American company Alliant Techsystems, which produces missiles for Britain's nuclear arsenal.

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