Bahrain Central Bank Prohibits Freezing Accounts after Job Loss

2020-03-11 - 7:19 p

Bahrain Mirror: Bahrain's Central Bank banned retail lenders from freezing accounts of customers who lost their jobs or after retirement.

"The CBB issued a directive dated 8th March 2020, prohibiting such practice by retail banks, regardless of whether or not contractually the bank has the right to take such action," according to a statement posted on its website.

Arabic Version