Press "Enter" to skip to content

Lebanon bank attacked with explosive amid economic crisis

BEIRUT – Assailants lobbed an explosive device at a bank in Lebanon Saturday, in the latest attack on financial institutions in a country facing its worst economic crisis in decades.

The official National News Agency said the night-time assault targeted a branch of Fransabank in the southern port city of Sidon, damaging its glass facade.

There were no immediate reports of any casualties.

The attack came a day after Prime Minister Hassan Diab said Lebanese bank deposits had plunged $5.7 billion in the first two months of the year, despite curbs on withdrawals and a ban on transfers abroad.

Lebanon is grappling with a severe lack of liquidity and an acute economic crisis that has been compounded since mid-March by a lockdown to combat the novel coronavirus.

Read More

Read More World News

CTM Shop Ad

Breaking News: