The British bank has said it does not invest in companies that supply weapons used by Israel in Gaza, after one of its branches in London’s financial district was targeted by pro-Palestine activists.

The bank has also faced criticism for providing financial services to defence firms that produce equipment used by the Israeli military.

“We trade in shares of listed companies in response to client instruction or demand and that may result in us holding shares. We are not making investments for Barclays and Barclays is not a ‘shareholder’ or ‘investor’ in that sense in relation to these companies,” the lender said on its website.

Barclays, which hosts its 2024 shareholder meeting on May 9, said its role as a bank was to provide financial services to defence companies, including US, UK and European ones that supply products to NATO and others.

The bank said it would “continue to monitor developments in Gaza closely”, in view of the civilian death toll and targeting of aid workers.

May 1, 2024

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