(Bloomberg) --
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.
To contact the reporter on this story: Farah Elbahrawy in Dubai at felbahrawy@bloomberg.net
To contact the editors responsible for this story: Claudia Maedler at cmaedler@bloomberg.net, Shaji Mathew
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