{"id":670745,"date":"2023-07-20T09:08:43","date_gmt":"2023-07-20T09:08:43","guid":{"rendered":"https:\/\/www.beirut.com\/?p=670745"},"modified":"2023-07-20T09:08:47","modified_gmt":"2023-07-20T09:08:47","slug":"bank-hold-ups-on-the-rise-again-as-depositors-storm-byblos-branch","status":"publish","type":"post","link":"https:\/\/www.beirut.com\/en\/670745\/bank-hold-ups-on-the-rise-again-as-depositors-storm-byblos-branch\/","title":{"rendered":"Bank Hold Ups On The Rise Again As Depositors Storm Byblos Branch"},"content":{"rendered":" <p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.beirut.com\/en\/64175\/8-proposed-terms-instead-of-heist\" target=\"_blank\" rel=\"noreferrer noopener\">Bank hold ups<\/a> are once again on the rise in Lebanon, with multiple successful depositor protests for their funds being reported this week. This morning, two men stormed Byblos Bank\u2019s Sin el Fil branch, demanding a full repayment of their frozen funds. This follows holds up at Credit Libanais and BBAC on Tuesday, and an AM branch on Monday.<\/p>    <p class=\"wp-block-paragraph\"><\/p>    <blockquote class=\"twitter-tweet\"><p lang=\"ar\" dir=\"rtl\">\ud83d\uded1\ud83d\uded1\u0623\u0642\u062a\u062d\u0627\u0645 \u062c\u0645\u0627\u0639\u064a \u0644 <a href=\"https:\/\/twitter.com\/hashtag\/%D8%A8%D9%86%D9%83_%D8%A8%D9%8A%D8%A8%D9%84%D9%88%D8%B3?src=hash&amp;ref_src=twsrc%5Etfw\">#\u0628\u0646\u0643_\u0628\u064a\u0628\u0644\u0648\u0633<\/a> <br>\u0641\u0631\u0639 \u0633\u0646 \u0627\u0644\u0641\u064a\u0644 \u0645\u0646 \u0627\u0644\u0645\u0648\u062f\u0639\u0627\u0646 <br><br>\u0648\u0633\u064a\u0645 \u062d\u0627\u0637\u0648\u0645 \u0627\u0644\u0630\u064a \u062a\u0628\u0644\u063a \u0648\u062f\u064a\u0639\u062a\u0647 5400 \u0648 <br>\u0627\u0634\u0631\u0641 \u0635\u0627\u0644\u062d\u0629 \u0627\u0644\u0630\u064a \u062a\u0628\u0644\u063a \u0648\u062f\u064a\u0639\u062a\u0647 23200 <a href=\"https:\/\/twitter.com\/hashtag\/%D8%AC%D9%85%D8%B9%D9%8A%D8%A9_%D8%B5%D8%B1%D8%AE%D8%A9_%D8%A7%D9%84%D9%85%D9%88%D8%AF%D8%B9%D9%8A%D9%86?src=hash&amp;ref_src=twsrc%5Etfw\">#\u062c\u0645\u0639\u064a\u0629_\u0635\u0631\u062e\u0629_\u0627\u0644\u0645\u0648\u062f\u0639\u064a\u0646<\/a><\/p>&mdash; \u062c\u0645\u0639\u064a\u0629 \u0635\u0631\u062e\u0629 \u0627\u0644\u0645\u0648\u062f\u0639\u064a\u0646 (@sarkhitmoudiin) <a href=\"https:\/\/twitter.com\/sarkhitmoudiin\/status\/1681915779678105601?ref_src=twsrc%5Etfw\">July 20, 2023<\/a><\/blockquote> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>    <p class=\"wp-block-paragraph\"><\/p>    <p class=\"wp-block-paragraph\">According to the Depositors\u2019 Outcry Association, today&#8217;s hold up is being carried out by Wassim Hattoum and Ashraf Saleha, who have deposits of $5,400 and $23,200 respectively. Videos circulating from inside the bank show the depositors getting into a shouting match with the bank&#8217;s employees. The Depositors&#8217; Outcry Association issued a statement after the hold up, warning Byblos Bank head Semaan Bassil that any attack on the depositors would be met with a response from the rest of the depositors.<br><br>On Monday, Edgard Aouad, who held up AM Bank in Antelias with his 13 year old son, collected his $15,000 deposit after pouring gasoline onto the bank&#8217;s counters and threatening to burn the entire branch to the ground. On Tuesday, Hafez Serhal secured $9,000 out of his $35,000 deposit after holding up Credit Libanais&#8217; Shheem branch, while Youssef Roda secured $7,000 out of his $10,000 deposit after holding up BBAC&#8217;s Bint Jbeil branch.<\/p>    <p class=\"wp-block-paragraph\"><\/p>    <blockquote class=\"twitter-tweet\"><p lang=\"ar\" dir=\"rtl\">\ud83d\uded1\ud83d\uded1\u062e\u0627\u0635 <a href=\"https:\/\/twitter.com\/hashtag\/%D8%AC%D9%85%D8%B9%D9%8A%D8%A9_%D8%B5%D8%B1%D8%AE%D8%A9_%D8%A7%D9%84%D9%85%D9%88%D8%AF%D8%B9%D9%8A%D9%86?src=hash&amp;ref_src=twsrc%5Etfw\">#\u062c\u0645\u0639\u064a\u0629_\u0635\u0631\u062e\u0629_\u0627\u0644\u0645\u0648\u062f\u0639\u064a\u0646<\/a> \u0645\u0646 \u062f\u0627\u062e\u0644 \u0628\u0646\u0643 \u0628\u064a\u0628\u0644\u0648\u0633 \u0633\u0646 \u0627\u0644\u0641\u064a\u0644 <a href=\"https:\/\/t.co\/PjBX5PaIgj\">pic.twitter.com\/PjBX5PaIgj<\/a><\/p>&mdash; \u062c\u0645\u0639\u064a\u0629 \u0635\u0631\u062e\u0629 \u0627\u0644\u0645\u0648\u062f\u0639\u064a\u0646 (@sarkhitmoudiin) <a href=\"https:\/\/twitter.com\/sarkhitmoudiin\/status\/1681920409787064320?ref_src=twsrc%5Etfw\">July 20, 2023<\/a><\/blockquote> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>    <p class=\"wp-block-paragraph\"><\/p>    <p class=\"wp-block-paragraph\">The re-emergence of bank hold ups this week marks a new point of escalation between depositors and banks over the funds that have been frozen since 2019. On Tuesday, the <a href=\"https:\/\/today.lorientlejour.com\/article\/1343839\/abl-threatens-to-react-to-new-wave-of-organized-depositor-hold-ups.html\" target=\"_blank\" rel=\"noreferrer noopener\">Association of Banks In Lebanon threatened<\/a> to respond to this recent wave through a return to some of the measures it had previously employed to ward off hold ups. They did not comment on whether they would be launching a new strike and shutting down branches across the country again.<br><br>Embattled Riad Salameh&#8217;s term as governor of Banque du Liban comes to end in less than two weeks, with the central bank head set to handover the reigns without any successor appointed. This opens up a new era for the country&#8217;s financial sector, with Salameh&#8217;s 30 year reign at the top ending far from the heights of <a href=\"https:\/\/www.beirut.com\/en\/64578\/stephanie-saliba-reveals-she-met-riad-salameh-on-a-plane\" target=\"_blank\" rel=\"noreferrer noopener\">private jets romances<\/a> with most of his Lebanese properties <a href=\"https:\/\/english.alarabiya.net\/News\/middle-east\/2023\/07\/17\/Judge-seizes-properties-owned-by-embattled-Lebanon-Central-Bank-head-Riad-Salameh-#:~:text=A%20Lebanon%20judge%20on%20Monday,a%20judicial%20official%20told%20AFP.\" target=\"_blank\" rel=\"noreferrer noopener\">seized by the Lebanese judiciary this week<\/a>. The outgoing governor is also set to phase out the Sayrafa platform on his way out, creating more confusion and speculation about how the Lira and frozen deposits will be managed in the future. <br><br><br><br><br><\/p> ","protected":false},"excerpt":{"rendered":"<p>Bank hold ups are once again on the rise in Lebanon, with multiple successful depositor protests for their funds being reported this week. This morning, two men stormed Byblos Bank\u2019s Sin el Fil branch, demanding a full repayment of their frozen funds. This follows holds up at Credit Libanais and BBAC on Tuesday, and an [&hellip;]<\/p>\n","protected":false},"author":153,"featured_media":670754,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wpai_generated_summary":"","_preview_accessed":0,"_lftp_listicle_injection":"","footnotes":""},"tags":[1093],"media-embed-type":[],"class_list":["post-670745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-news"],"authorship":[74],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.6 (Yoast SEO v28.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bank Hold Ups On The Rise Again As Depositors Storm Byblos Branch &#187; Beirut.com<\/title>\n<meta name=\"description\" content=\"Bank hold ups are once again on the rise in Lebanon, with multiple successful depositor hold ups reported this week.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.beirut.com\/en\/670745\/bank-hold-ups-on-the-rise-again-as-depositors-storm-byblos-branch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank Hold Ups On The Rise Again As Depositors Storm Byblos Branch\" \/>\n<meta property=\"og:description\" content=\"Bank hold ups are once again on the rise in Lebanon, with multiple successful depositor hold ups reported this week.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.beirut.com\/en\/670745\/bank-hold-ups-on-the-rise-again-as-depositors-storm-byblos-branch\/\" \/>\n<meta property=\"og:site_name\" content=\"Beirut.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/beirutcityguide\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-20T09:08:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-20T09:08:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.beirut.com\/wp-content\/uploads\/2023\/07\/byblosb.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bachar Bzeih\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@beirutcityguide\" \/>\n<meta name=\"twitter:site\" content=\"@beirutcityguide\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bachar Bzeih\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/670745\\\/bank-hold-ups-on-the-rise-again-as-depositors-storm-byblos-branch\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/670745\\\/bank-hold-ups-on-the-rise-again-as-depositors-storm-byblos-branch\\\/\"},\"author\":{\"name\":\"Bachar Bzeih\",\"@id\":\"https:\\\/\\\/www.beirut.com\\\/ar\\\/#\\\/schema\\\/person\\\/31bcb97761958f0582520b1def49f0f9\"},\"headline\":\"Bank Hold Ups On The Rise Again As Depositors Storm Byblos Branch\",\"datePublished\":\"2023-07-20T09:08:43+00:00\",\"dateModified\":\"2023-07-20T09:08:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/670745\\\/bank-hold-ups-on-the-rise-again-as-depositors-storm-byblos-branch\\\/\"},\"wordCount\":420,\"publisher\":{\"@id\":\"https:\\\/\\\/www.beirut.com\\\/ar\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/670745\\\/bank-hold-ups-on-the-rise-again-as-depositors-storm-byblos-branch\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.beirut.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/byblosb.jpg\",\"keywords\":[\"News\"],\"articleSection\":[\"Blog\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/670745\\\/bank-hold-ups-on-the-rise-again-as-depositors-storm-byblos-branch\\\/\",\"url\":\"https:\\\/\\\/www.beirut.com\\\/en\\\/670745\\\/bank-hold-ups-on-the-rise-again-as-depositors-storm-byblos-branch\\\/\",\"name\":\"Bank Hold Ups On The Rise Again As Depositors Storm Byblos Branch &#187; 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