Matt Carthy (Cavan-Monaghan, Sinn Fein)
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19. To ask the Minister for Finance the profit the State has made from its investments in companies which derive profits from their activities within illegal Israeli settlements; if he will support legislative amendment to prohibit investments in such companies; and if he will make a statement on the matter. [16108/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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At the end of 2023, direct investments by the Ireland Strategic Investment Fund, ISIF, in companies on the UN database was approximately €4.2 million in 11 companies. ISIF’s indirect investments included eight companies, totalling approximately €9.4 million.

ISIF divested from six of these companies with a total value of approximately €2.95 million in 2024. The six companies were Bank Hapoalim BM, Bank Leumi-le Israel BM, Israel Discount Bank Limited, Mizrahi Tefahot Bank Limited, First International Bank Limited and Rami Levi Chain Stores Limited.

The level of investment by ISIF in the companies on the UN list is small compared to their market capitalisation. Indeed, it is not clear as to the income such companies derive from activities in the OPT.

ISIF continues to monitor its holdings to ensure that investments are within ISIF’s risk profile and investment parameters. Given commercial sensitivities, ISIF does not comment on individual investment decisions.

ISIF publishes information on the overall return of its global portfolio as part of the National Treasury Management Agency's, NTMA, annual report but does not publish a breakdown of returns by each individual investment.