Two Banks Were Just Raided By Depositors In Northern Lebanon

IBL Bank

On Wednesday, two depositors stormed two banks in Northern Lebanon, the Depositors’ Outcry Association reported.

The depositor Dr. Anis Tannous staged a sit-in outside Société Générale de Banque au Liban (SGBL) in Amioun, and prevented anyone from entering the bank’s premises, demanding the transfer of university tuition fees for his son in the United States.

In the northern city of Tripoli, the depositor Amina Mohammed raided the Intercontinental Bank of Lebanon (IBL Bank), demanding her money to carry out surgery for her disabled mother.

Lawyers from the Depositors’ Outcry Association went to Tripoli to support Amina after contacting her husband.

The bank then released an amount of $7,000 to Amina out of the $30,000 she was demanding from her full deposit of $90,000.

With Lebanon crippled by a deep economic crisis and banks holding on to people’s deposits for the past two years, many are finding themselves compelled to take matters into their own hands for their much-needed money.

Just last Monday, a mother and son raided the Al Baraka Bank in Beirut. Here are the details.