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United Methodist Pension Board Blacklists Israeli Banks

01-13-2016

The United Methodist Church pension fund has blocked five Israeli banks from its investment portfolio.

The denomination's board said the move is part of a wider review of investments meant to weed out companies that profit from an abuse of human rights.

The pension board also identified Israel and Palestinian territories as more than a dozen "high risk" regions with a "prolonged and systematic pattern of human rights abuses."

A spokesman for Israel's Foreign Affairs Ministry declined to comment on the denomination's move.

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