Lebanon’s banks will remain closed “indefinitely” following a spate of armed robberies by angry depositors desperate to gain access to their savings.
The beleaguered country’s banking association said on Thursday that banks would stay shut “in the absence of assurances” about security from the state. The grouping, which represent most banks, cited “the continued risks to bank employees and customers inside branches, and in light of the ongoing atmosphere of incitement”.
Banks shut their doors to customers after a spree of heists at seven bank branches last week as the nation’s three-year financial crisis deepens and the situation for many Lebanese becomes increasingly dire.
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