Multiple Banks Raided In One Week By Depositors In Lebanon

Multiple Banks Raided In One Week By Depositors In Lebanon

Amid the worsening and lengthening banking crisis in Lebanon, frustrations seemed to have reached an extreme level with some depositors, compelling them to take radical action: raiding the banks, armed, to demand their money.

This week alone, Lebanon witnessed a series of raids, more so with several in one day; today, Friday.

Here is a recap of the raids showcasing the extreme frustration Lebanese depositors have reached in the country, as some three years have passed with the state failing to solve the banking crisis.

Sally Hafez raided Blom Bank in Sodeco, Beirut, carrying a gun and demanding her money. Hafez’s sister is reportedly a cancer patient in need of her money to continue the treatment. She was given $13,000 out of the $20,000 deposit at the bank.

On the same day, Rami Sharaf El-Din broke into MED Bank in Aley. He received $30,000 “Fresh” before turning himself to the security forces.

Muhammad Korkmaz and another person, raided Byblos Bank in Ghazieh, South Lebanon. He was able to obtain the amount of $19,200, which is part of his deposit, before surrendering himself to the security forces.

Muhammad Al-Moussawi stormed bank Libano-Française on the Kafaat roundabout with a “plastic gun” and took his entire deposit, amounting to