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JPost: Second Largest German Bank Shuts Anti-Israel BDS Account

The Jerusalem Post reports: BERLIN – In the latest in a series of similar account closures by international banks, German bank Commerzbank has shut down a boycott Israel account, the first action of its kind in that country, the Jerusalem Post has learned.

The account has been “dealt with” and the bank notified the account holder more than a month ago, a source told the Post.

The closure of the anti-Israel account because of Boycott, Divestment and Sanctions activity is believed to be the first instance of a German bank taking action to halt the movement.

“I welcome and commend the decision by Commerzbank and other European banks to close the accounts of BDS organizations. This is the right thing to do from both a legal, financial and moral perspective.

The BDS campaign, which seeks the destruction of Israel, is discriminatory, anti-Semitic and anti-peace, and often has connections to extremist and terrorist groups,” Public Security Minister Gilad Erdan told the Post on Tuesday.

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