{"id":44151,"date":"2026-02-15T20:00:00","date_gmt":"2026-02-15T19:00:00","guid":{"rendered":"https:\/\/www.11onze.cat\/?p=44151"},"modified":"2026-02-09T09:24:37","modified_gmt":"2026-02-09T08:24:37","slug":"banks-increase-investment-defence-industry","status":"publish","type":"post","link":"https:\/\/www.11onze.cat\/en\/magazine\/banks-increase-investment-defence-industry\/","title":{"rendered":"Banks increase investment in the defence industry"},"content":{"rendered":"<div class=\"component text\">\n  <div class=\"container\">\n\n\n    <div class=\"row\">\n      <div class=\"col  col-lg-8  offset-lg-2\">\n        <h3><b>Banks that facilitate business in the defence and border control sector have increased their investments in the military-industrial complex.<\/b><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">This is the conclusion of a <\/span><a href=\"https:\/\/centredelas.org\/wp-content\/uploads\/2023\/03\/informe59_BancaArmada_MilitaritzacioGuerraFronteres_CAST_DEF.pdf\"><span style=\"font-weight: 400;\">report <\/span><\/a><b>published in March by the <\/b><a href=\"https:\/\/centredelas.org\/\"><b>Del\u00e0s Centre <\/b><\/a><b>for Peace Studies as a result of the <\/b><a href=\"https:\/\/bancaarmada.org\/ca\/\"><b>Banca Armada <\/b><\/a><b>campaign<\/b><span style=\"font-weight: 400;\">, which aims to inform and raise awareness in society so that it forces financial institutions to cut all ties with the defence and security industries.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is an initiative <\/span><b>financed by Barcelona City Council <\/b><span style=\"font-weight: 400;\">within the framework of the project &#8220;From armed banking to ethical banking, disarmament starts here&#8221;, which, in addition to the Del\u00e0s Centre, has involved the participation of several organisations working in the field of demilitarisation, ethical financing and the culture of peace, such as the <strong>Fundaci\u00f3n de Finanzas \u00c9ticas, Coop57, and the Alternativa Antimilitarista Moc<\/strong>.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Specifically, the report looks at the <\/span><b>actors facilitating the militarisation of countries around the Mediterranean and border control<\/b><span style=\"font-weight: 400;\">, which campaigners describe as &#8216;border warfare&#8217;. At the same time, it criticises the European Union for making its borders increasingly impenetrable to the flood of migrants, victimising them and violating their rights.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>All the big banks are involved<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">In the international ranking of armed banking, practically no one is spared, including <\/span><b>large institutional investors, financial institutions and insurance companies<\/b><span style=\"font-weight: 400;\">, most of them based in the United States. As for the European Union, entities such as Deutsche Bank, BNP Paribas Cr\u00e9dit Agricole and Barclays Bank stand out.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this list we also find <\/span><b>Banco Santander and BBVA with 4,985 and 4,752 million dollars<\/b><span style=\"font-weight: 400;\">, respectively, followed by the <strong>Sociedad Estatal de Participaciones Industriales<\/strong> (SEPI), a public entity, with 4,129 million, the only entities from the Spanish state that are in this world ranking.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With regard to the Valencian Community, banking entities such as the <\/span><b>Bankia-CaixaBank group and Banco Sabadell stand out, with 182 and 95 million<\/b><span style=\"font-weight: 400;\"> respectively. Specifically, between credits and loans, CaixaBank has invested up to 110 million euros in Boeing and Banco Sabadell 66 million in Airbus. Despite the fact that these aerospace companies only have a part of their turnover in the defence sector, especially Airbus with 82% dedicated to commercial aviation and 18% to the defence industry, the report also includes its subsidiaries and shareholdings in entities that do have a direct relationship with the arms industry.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Perhaps the most surprising aspect of this report is the presence of <\/span><b>credit cooperatives such as Caixa d&#8217;Enginyers and Caja Rural<\/b><span style=\"font-weight: 400;\">, since they have investments in companies that contribute to border control through the manufacture of radars or technological consultancy for the Schengen border area. Faced with a totally globalised industrial sector, which monopolises all kinds of companies not only in the aerospace sector but also in other technological fields, it seems practically mission impossible to dissociate banking from the defence industry, two highly politicised sectors.<\/span><\/p>\n<p><b>11Onze is the community fintech of Catalonia. Open an account by downloading the app El Canut for <\/b><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.e11onze.app&amp;utm_source=emailing&amp;utm_campaign=CANUT+launch\"><b>Android<\/b><\/a><b> or <\/b><a href=\"https:\/\/apps.apple.com\/us\/app\/11onze\/id1566129237?utm_campaign=El+Canut\"><b>iOS<\/b><\/a><b> and join the revolution!<\/b><\/p>\n\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n\n<div class=\"component cards\">\n  <div class=\"container\">\n    <div class=\"row\">\n      <div class=\"col col-xl-8 offset-xl-2\">\n        <h1>If you liked this article, we recommend:<\/h1>\n        <div class=\"cards__wrapper\">\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/en\/magazine\/ethical-irresponsibility-banking\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2022\/05\/VISUALS_PODCAST_RADIO_THUMBNAIL_PSN_PRESS-01-800x538.jpg\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">11Onze<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>The ethical (ir)responsibility of banking<\/strong><\/p>\n              <span class=\"card-time\">3 min read<\/span>\n              <p class=\"card-text small\">Macro trends such as the feared stagflation or the&#8230;<\/p>\n            <\/div>\n          <\/div>\n\n\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/en\/magazine\/banking-energy-close-relationship\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2023\/02\/THUMBNAIL_BANCA_ENERGETIQUES.jpg\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">Finances<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>Banking and energy: a close relationship<\/strong><\/p>\n              <span class=\"card-time\">3 min read<\/span>\n              <p class=\"card-text small\">According to data from the National Securities Market&#8230;<\/p>\n            <\/div>\n          <\/div>\n\n\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/en\/magazine\/scourge-crony-capitalism\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2023\/01\/THUMBNAIL_CRONY_CAPITALISME.jpg\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">Economy<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>The scourge of crony capitalism<\/strong><\/p>\n              <span class=\"card-time\">4 min read<\/span>\n              <p class=\"card-text small\">For many years, the Western economic model has been&#8230;<\/p>\n            <\/div>\n          <\/div>\n\n              <\/div>\n              <br>\n              <br>\n              <div class=\"cards__wrapper\">\n\n        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":71,"featured_media":44140,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"content-type":"","footnotes":""},"categories":[1],"tags":[172],"class_list":["post-44151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-economy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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