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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Lebanese Banks Unanimously Close Doors Indefinitely

A view of Lebanon's Central Bank building in Beirut, Lebanon April 23, 2020. REUTERS/Mohamed Azakir/File Photo

Lebanese banks have unanimously decided to close their doors to clients indefinitely after a series of holdups by depositors seeking funds frozen in the banking system because of the country's financial meltdown, two bankers told Reuters.

Banks will continue urgent operations for clients and back-office services for businesses, the bankers said, but front-office services will remain suspended after more than a dozen holdups in less than a month.

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