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Banks Announce Closure Starting Monday Due To “Security Concerns”
The Lebanese Association of Banks has held an emergency meeting in light of events that have unraveled over the past week. In a statement, ABL announced that all banks would be closed for 3 days starting Monday, September 19.
This comes after multiple separate incidents of depositors barging in and demanding their money, the first of which being Sally Hafiz.
Just this morning, a depositor barged into Byblos Bank in Ghazieh-Saida, holding employees hostage and managing to recover $19,200 of his deposit using a toy gun. Hours later, the situation was replicated in BLOM in Tarik el Jdeedeh.
Back in August, banks went on strike for three days in protest of what they referred to as “populist” decisions taken against its members in Lebanese court after the arrest of the chairman of Credit Bank Tarek Khalife.
As economic conditions continue to deteriorate, Lebanese people have grown increasingly desperate to get their hands on their own money. All this is happening amid complete governmental inaction.
This comes after multiple separate incidents of depositors barging in and demanding their money, the first of which being Sally Hafiz.
Just this morning, a depositor barged into Byblos Bank in Ghazieh-Saida, holding employees hostage and managing to recover $19,200 of his deposit using a toy gun. Hours later, the situation was replicated in BLOM in Tarik el Jdeedeh.
Mohammad Korkmaz reportedly managed to salvage $19,200 from his deposit using a toy gun.
— Beirut.com (@BeirutCityGuide) September 16, 2022
Breaking: ANOTHER bank heist is reportedly taking place right now at BLOM in Tarik el Jdeedeh. https://t.co/C47Zbh2Hln
— Beirut.com (@BeirutCityGuide) September 16, 2022
Back in August, banks went on strike for three days in protest of what they referred to as “populist” decisions taken against its members in Lebanese court after the arrest of the chairman of Credit Bank Tarek Khalife.
As economic conditions continue to deteriorate, Lebanese people have grown increasingly desperate to get their hands on their own money. All this is happening amid complete governmental inaction.
