German BDS Group Confirms Bank Closed Its Account

The Jerusalem Post reports: BERLIN – The hardcore BDS-Kampagne (Boycott, Divestment and Sanctions Campaign) announced on its website that the French-German DAB Bank in Munich will terminate its account on April 14.

In what is widely considered a victory for the anti-BDS position in Germany, the BDS-Kampagne wrote on Monday, “The DAB Bank, in fact, canceled the account as of April 14.”

German law allows a grace period from the notification of the closure to permit the account holder to wind down the group’s transactions.

In an exclusive, The Jerusalem Post reported on the closure of DAB Bank account in February.

Dr. Jürgen Eikenbusch, the spokesman for DAB Bank Munich, told the Post at the time: “Because of bank secrecy [financial laws] we cannot provide you with concrete information about the account. We took the information very seriously and are examining the topic and are taking, if necessary, the corresponding measures.”