Explosive Portfolios

Bank groups and cluster munitions


Since the spring of 2006, Belgium is the first land to introduce a ban on cluster munitions. Despite this, the bank groups AXA, Dexia, Fortis and ING invest in cluster munitions. This has been revealed today in a new report ‘Explosive portfolios’ published by Netwerk Vlaanderen.

Although pressure from the campaign ‘My Money. Clear Conscience?’ forced four bank groups to announce their withdraw from investments in cluster munitions, it is apparent that only KBC has completely ended its investments.