Although Israel's ambassador to Argentina, Eyal Sela , maintains that his country "can do nothing" to stop Navitas's oil exploration project, which operates under an illegal British license in the South Atlantic seabed, because the company "is private," the company's own financial report demonstrates that the driving force behind the infrastructure of this theft in the Malvina Islands is the very banking and financial backbone of the State of Israel. And while the main body of Navitas's consolidated annual financial report does not list the specific banks that make up the consortium , Agenda Malvinas knows—through our prior market research and analysis of Tel Aviv Stock Exchange listings—which players within the Israeli financial system consistently leverage and guarantee the operations of Gideon Tadmor (Navitas's president) .

The major players behind this generic consortium are:

1.    Bank Leumi (and its investment arm Leumi Partners): Historical financier and debt placement agent for the group.

2.    Bank Hapoalim: The other giant of Israeli commercial banking that leads in corporate loan syndications.

3.    Local banks and insurers (such as Mizrahi Tefahot, Harel Insurance or Phoenix): Which usually participate both in the local tranches of RBL loans and in the subscription of the successive series of negotiable obligations (debentures) that Navitas constantly issues in the Tel Aviv market .

Although the balance sheet disguises them under the label of "consortium of Israeli and foreign banks" , the flow of funds and the guarantees of reserves on Argentine crude oil from the islands directly involve them .

The $1.35 billion "RBL" loan

In January 2026, Navitas closed a giant financing contract under the RBL ( Reserves Based Lending ) modality for a total of USD 1.35 billion .

The allies who finance the usurper

This means that Israel's major banks and pension funds (which manage the savings of Israeli retirees) have put millions into financing the Sea Lion project. These funds are directly backed by the oil reserves that Navitas claims to hold in the Malvina Islands.

Israel is not a neutral actor that "cannot intervene" : its financial system is the main sponsor that allows Navitas to pay off debts, expand and advance with logistics in the South Atlantic while its diplomacy simulates friendship in Buenos Aires.