Two co-operative banks in the East Westphalia region of Germany have terminated the accounts belonging to the local Alternative for Germany (AfD) chapter, the AfD district association in Minden-Lübbecke said in a statement calling the decision "politically motivated".
The Verbund Volksbank OWL and Volksbank in Ostwestfalen confirmed the news to local German outlets on Tuesday, but refused to provide specific background on the cases, citing "banking secrecy laws".
