Matt Carthy (Cavan-Monaghan, Sinn Fein)
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98. To ask the Minister for Finance further to the remarks of the Minister for Enterprise, Tourism and Employment that the Irish Strategic Investment Fund (ISIF) had divested from Israel, if he will outline when ISIF fully divested itself from all companies which derive profit from their activities in illegal Israeli settlements; and if he will make a statement on the matter. [16220/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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The UN maintains a database of business enterprises involved in certain specified activities relating to settlements in the Occupied Palestinian Territories (OPT). At the end of 2023, ISIF’s direct investments in companies on the UN database totalled approximately €4.2 million in 11 companies. ISIF’s indirect investments included 8 companies totalling approximately €9.4 million.

As publicly announced, ISIF took an investment decision in 2024 to divest from six companies with a total value at the time of the divestment decision of approximately €2.95m. The six companies were Bank Hapoalim BM; Bank Leumi-le Israel BM; Israel Discount Bank Ltd; Mizrahi Tefahot Bank Ltd; First International Bank Ltd and Rami Levi Chain Stores Ltd.

ISIF will continue to monitor its holdings to ensure that investments are within the ISIF’s risk profile and investment parameters.