Question 4 – Arms Companies

Does the bank make loans to, invest in or maintain accounts for arms companies? If so, does it place any restrictions on this (for example, companies involved with cluster munitions, or exporting arms to oppressive regimes)?

Move Your Money includes a section on each bank’s involvement with the arms industry in its summary of ethical problems with mainstream UK banks.

War on Want has researched each major UK bank in terms of its relationship with the arms trade. The research was done in 2008, but is still helpful. The researchers found that Barclays, HSBC, Lloyds and RBS were all heavily involved in the arms industry.

The Campaign Against Arms Trade (CAAT) can also help with enquiries about banks’ involvement in the arms industry.

Banco Santander in Arms is a campaign set up by Spanish NGOs concerning Santander’s support for the arms trade (the site can be read in English, as well as Spanish or Catalan).

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