Is city Union bank a government affiliated bank?

Why did Hamas hold up the Gaza city bank?

• Hamas Police held up the Gaza City Bank of Palestine on Monday, taking nearly half a million dollars allegedly on behalf of a medical organization, “aggressively” forcing staff to open the bank vault. The Palestine Monetary Association (PMA), which regulates the Palestinian Authority's banking system, responded by calling on Hamas to “abide by the rule of law to safeguard the soundness of the banks so that they can continue to provide services to the people.” Hamas police showed up at the bank on Monday, ordering the staff to hand over 1.5 million shekels ($400,000). A spokesman for the de facto Hamas Interior Ministry in Gaza, Ehab al-Ghsain, said police actions were “implementation of a judicial decision” and that the hospital's board has “resorted to court[s] after the Fatah government froze its account in the bank.” You just imagine: some armed guys enter the bank and under the guns order the staff to give them 400,000 dollars! And the bank employees fulfil the order, and the police say all is OK! How good it is to be a Hamas member in Gaza!

• Answer:

  To answer your question, it takes money to fund antisemitic programs, to build bombs, to build bomb launching sites inside schools, and to continue the terror against Israel. They quickly use the billions of dollars given to them by the UN so they have to rob banks in order to get more money. Just think, Israel gave Gaza to the Palestinians in order to improve peace and now they use Gaza as a terrorist training ground.