Israeli tech firms and financial institutions are joining an effort started by Israel Discount Bank to clearly voice their opposition to discrimination amid growing concern that the incoming coalition government will enact changes to allow the use of discriminatory practices.
Israel Discount Bank on Sunday announced that its board of directors accepted a recommendation by the bank’s management to update its credit policy to reflect that the lender will not grant credit to any business or organization that acts in a discriminatory manner or discriminates against customers on the basis of religion, race, gender, or sexual orientation.
“We found it appropriate to amend the bank’s credit policy, so that what is already obvious will now become official,” said Israel Discount Bank chairman Shaul Kobrinsky. “According to the policy, Discount Bank will not grant credit to businesses or entities that discriminate against customers in the State of Israel.”