The PSC has stated: “Unfortunately, most high street banks hold financial ties with companies complicit in Israeli apartheid. Our research has identified Barclays as a major financier of companies arming Israel, it is therefore the current target of our campaign.”
Barclays has defended offering banking services to firms in the defence and weapons industry.
A spokesman for the bank said: “Barclays is committed to respecting human rights as defined by the International Bill of Human Rights and takes account of other internationally accepted human rights standards and frameworks.
“We have a published statement on defence and security which sets out our policy positions and governs any business activities in the defence and security sector, including setting restrictions on certain financing activities and requiring enhanced due diligence as appropriate on clients in the sector.
“As a universal bank, Barclays provides a range of client services in relation to the shares of publicly listed companies, including those in the defence and security sector.
“Such client-driven activities may result in Barclays holding shares in those companies, for example, through hedging positions, market making, custody and underwriting activity.
“Barclays does not itself intend to make any direct strategic equity investments in the defence and security sector.”