Lebanon banks shut again after new round of security incidents – The National
- Date: 07-Oct-2022
- Source: The National
- Sector:Financial Services
- Country:Lebanon
Lebanon banks shut again after new round of security incidents – The National
Banks in Lebanon will again close their doors until further notice from Friday after repeated security incidents, a source told The National.
Lebanese banks closed their doors last month after at least seven branches were raided by angry depositors in a week, including five in one day.
They reopened last Monday with an increase in security measures. But a new wave of bank raids — some armed, some not — took place again this week as desperate depositors sought access to their trapped savings.