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Lebanese Citizen Holds Bank Hostage Demanding Full Bank Deposit: Latest News & Updates

A Lebanese citizen stormed the “Bank of Egypt and Lebanon” in the capital, Beirut, today, Monday, and took a hostage inside, demanding that he obtain his entire bank deposit, according to a local source.

And the “Depositors’ Cry” association stated in a tweet on “Twitter” that “the depositor Omar Al-Awar is holding the director of the Banque Misr branch hostage, and he is asking for the full receipt of his deposit.”

Protesters attack banks in Benin, archive (Getty Images)

The association (defending the right of depositors) said that “the depositor has a deposit of $6,500 and demands it in full,” without mentioning whether he was armed or not.

There was no official comment from the Lebanese authorities or the bank’s management on what was reported by the Depositors’ Association.

And last September, Lebanese banks closed their doors for a week, rejecting intrusions carried out by depositors to demand their money deposited with banks.

Banks are repeatedly raided after refusing to give depositors their money in dollars, as part of a harsh policy that resulted from the dollar scarcity crisis in the country.

For more than two and a half years, Lebanese banks have imposed restrictions on the funds of depositors in foreign currency, and have also set harsh ceilings on withdrawing funds in Lebanese pounds.

Since 2019, the Lebanese have been suffering an unprecedented crushing economic crisis, which led to a record collapse in the value of the lira, in addition to a scarcity of fuel and medicine and a collapse in purchasing power.

2023-07-10 07:04:00
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