The DIRTY Profits 7 report highlights the ten European banks with some of the highest investments in 11 global arms companies, companies that have since 2015 been exporting to unstable/crisis-affected countries in the MENA region (Middle East and North Africa) and countries involved in the war in Yemen.
The data show exports to countries in conflict (e.g. Saudi Arabia, the UAE), particularly those involved in the Yemen war, as well as exports to repressive regimes (e.g. Bahrain) and fragile states (e.g. Iraq).
The companies researched in the report are Lockheed Martin, Boeing, Raytheon, BAE Systems, Northrop Grumman, General Dynamics, Airbus, Leonardo, Thales and the German companies Rheinmetall and ThyssenKrupp.
The ten European banks (those with the largest finance provision for the selected companies) include Deutsche Bank und Commerzbank, as well as Lloyds, Barclays, Credit Agricole, BNP Paribas, BBVA, Banco Santander, Credit Suisse, Unicredit.