Barclays: Banking on Apartheid
Militarised violence against the Palestinian people is a central feature of Israel’s occupation and apartheid regime – including the illegal Apartheid Wall, demolitions of Palestinian homes, brutal armed crackdowns on Palestinians protestors, and indiscriminate bombing campaigns of the Gaza Strip.
This system is maintained through the involvement of governments and business enterprises around the world. Financial institutions in the UK provide investment, loans, and other financial services to companies supplying Israel with weapons and military technology used to oppress Palestinians.
We’ve uncovered that Barclays Bank holds over £1 billion in shares, and provides over £3 billion in loans and underwriting to 9 companies whose weapons, components, and military technology have been used in Israel’s armed violence against Palestinians. By providing investment and financial services to these arms companies, Barclays facilitates the provision of weapons and technology for Israel’s militarised repression of Palestinians.
Alongside War on Want and Campaign Against Arms Trade, we're calling on Barclays Bank to #StopBankingOnApartheid
Barclays are still banking on apartheid
Barclays propped up apartheid in South Africa. But inspiring anti-racist campaigning forced the bank to withdraw.
Today, Barclays invests £1bn+ in companies arming Israeli apartheid. Once again, we’re calling on Barclays to stop banking on apartheid. Watch below to find out more.
Barclays under pressure to stop banking on apartheid
On March 25 2023, we ramped up the pressure on Barclays bank to end its complicity in Israeli apartheid, with over 35 actions taking place across Britain.
See pictures from the day of action below.
The actions took place just after the world marked the UN Day for the Elimination of Racial Discrimination, remembering those killed resisting white minority rule in South Africa. During that time, Barclays was a key target of anti-apartheid campaigners worldwide because of its financial links with the apartheid regime.
Palestinians have called on us to revive this history, and stand in solidarity with their anti-apartheid struggle, by pressuring Barclays bank to divest from companies facilitating Israel’s colonial violence.
Barclays... we're not going away!
On 26 November 2022 Barclays faced yet more protests at its local branches across Britain.
From Edinburgh to Brighton campaigners demanded that the bank end its investments and provision of financial services to companies supplying weapons and military technology to Israel, used in armed attacks on Palestinians.
Until Barclays ends its complicity in Israeli apartheid, we’ll continue to take action! Contact your local PSC branch to find out about actions near you.
Watch: Campaign Launch Webinar
Catch up on our campaign launch event to learn more about Israel’s repression of Palestinians struggling for liberation, and learn more about we can take action to demand Barclays end their complicity in injustice.
Our research has uncovered that Barclays Bank provides hundreds of millions of pounds worth of investment, loans, and other financial services to companies supplying Israel with military technology used in the repression of Palestinians – including investments in Israeli arms manufacturer, Elbit Systems. Elbit Systems specialises in the production of military technology, surveillance systems, and military drones – used to brutalise Palestinians in Israel’s repeated bombardments of the Gaza Strip. Barclays is therefore aiding, and directly profiting from Israel’s occupation and apartheid regime.
Speakers: Ben Jamal, (Chair), Asad Rahman, Budour Hassan, Fiona Ben Chekroun
- Barclays Banking on Apartheid Report. Download here.
- Barclays Customer? Use our template letter and write to your local bank manager. Download here.
- Barclays: Don’t Bank on Apartheid Leaflet. Download here.
- Barclays: Don’t Bank on Apartheid Placards. Download here.
- Barclays: Don’t Bank on Apartheid Stickers. Download here.
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