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The Latest Breaking News from Blom Bank

Judge Fines Lebanese Bank Heist Figure, Issues Travel Ban

A Lebanese judge on Thursday fined and issued a six-month travel ban to a woman who stormed her bank with a fake pistol and took her trapped savings to cover her sister's cancer treatment. Lebanon’s cash-strapped banks have imposed strict limits on withdrawals of foreign currency since 2019, tying up…

Asharq Al-Awsat · Oct 6, 2022

Lebanon banks will remain shut indefinitely after ‘heists’

Banking association says it’s too dangerous to open after depositors began entering branches and demanding their money.

Al Jazeera · Sep 22, 2022

On the run, Lebanese woman who stole own savings says she's not the criminal

On the run from authorities after forcing a bank to release her family savings at gunpoint to treat her cancer-stricken sister, 28-year-old Lebanese interior designer Sali Hafiz insists she is not the criminal.

Reuters · Sep 21, 2022

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Lebanon to shut banks after string of raids by people taking out life savings

The break-ins reflect public anger at the banks’ strict controls on cash withdrawals, as a result of the financial crisis

Evening Standard · Sep 16, 2022

Lebanese banks held up by customers again as financial crisis deepens

A series of Lebanese banks were stormed by customers on Friday as the spiralling number of hold-ups continues amid the country’s financial crisis.

The Independent UK · Sep 16, 2022

Lebanese depositors storm banks amid historic economic crisis

Lebanese depositors, including one armed with a hunting rifle, broke into at least four banks Friday to demand their trapped savings, a sign of growing chaos in the small Mediterranean nation amid a historic economic meltdown.

France 24 · Sep 16, 2022

Depositors storm four banks as Lebanon's cash crisis worsens

Lebanese depositors have stormed at least four banks to demand their trapped savings, signaling growing chaos amid the country's economic meltdown

The Independent UK · Sep 16, 2022

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Armed man enters BLOM bank in Beirut, situation under control - statement to Reuters

An armed man entered a branch of BLOM bank in the Lebanese capital's Tariq al-Jdideh neighborhood, BLOM bank told Reuters in a statement, adding that the situation was under control.

Reuters · Sep 16, 2022

Lebanese Activists Promise More Bank Raids after Woman Retrieves Locked Savings

A Lebanese activist group on Thursday vowed to organize more bank heists to help people retrieve their locked savings as the country's years-long economic crisis continues to worsen. Activists from Depositors' Outcry group accompanied Sali Hafez into a Beirut bank branch on Wednesday, and she was able to retrieve some…

Asharq Al-Awsat · Sep 15, 2022

After heist, Lebanese activists promise more bank raids

A Lebanese activist group says they will continue to organize bank heists to help people retrieve their trapped savings in this crisis-hit Mideast country

The Independent UK · Sep 15, 2022

'Nothing more to lose': Lebanese woman holds up bank to pay for sister's cancer treatment

Two people held up Lebanese banks on Wednesday to access their own accounts, which were frozen during the country's financial crisis. One of the suspects told local media that the gun used was actually a toy and that she needed the money for her sister's cancer treatment. Last month a…

France 24 · Sep 14, 2022

A woman with a toy gun grabs her savings from a Beirut bank

She broke into a bank branch, taking $13,000 from her trapped savings amid strict limits on withdrawals set by Lebanese banks. She said she needed the money to fund her sister's cancer treatment.

WEKU · Sep 14, 2022

Woman with Toy Gun Grabs Trapped Savings from Beirut Bank

A woman accompanied by activists and brandishing what she said was a toy pistol broke into a Beirut bank branch on Wednesday, taking $13,000 from her trapped savings. Sali Hafez told the local Al-Jadeed TV that she needed the money to fund her sister’s cancer treatment. She said she had…

Asharq Al-Awsat · Sep 14, 2022

Depositors hold up two Lebanese banks to grab their own money

Two seemingly armed and desperate Lebanese depositors held up banks on Wednesday to force access to their own money, which has been blocked during a national financial meltdown.

Reuters · Sep 14, 2022

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Reuters · Sep 14, 2022

Depositors take hostages at commercial bank in Beirut - security source

A group of depositors, at least one of whom is armed, took hostages at Blom bank in central Beirut on Wednesday, a security source said.

Asharq Al-Awsat · Apr 5, 2022

Lebanon Judge Lifts Travel Ban on 2 Bankers

A Lebanese judge on Tuesday lifted travel bans imposed last month on two senior Lebanese bankers as part of an ongoing probe into transactions between commercial banks and the central bank, the judge told Reuters. Judge Ghada Aoun said she lifted the travel bans on Blom Bank head Saad Azhari…

Asharq Al-Awsat · Mar 28, 2022

Lebanese Prosecutor Overturns Decision Barring Banks from Shipping Money

Lebanon's top prosecutor on Monday overturned a judicial decision that last week instructed customs authorities to prevent six banks from moving money out of the country, a senior judicial source told Reuters. Last week's decision by Judge Ghada Aoun prompted the banking association to warn that the banks - including…

Reuters · Mar 24, 2022

Distraught Lebanese depositors fight for their life savings

When a Lebanese bank told Aref Yassin it had closed accounts worth $20 million belonging to the professional syndicate he heads and issued a cheque for the balance that was worth a fifth of its face value, he took the matter to court.

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Asharq Al-Awsat · Mar 14, 2022

Lebanon Judge Freezes Assets of Five Banks and Members of Their Boards

A Lebanese judge froze the assets of five top banks and members of their boards while she investigates transactions they undertook with the country's central bank, a judicial document showed on Monday. The asset freeze against Bank of Beirut, Bank Audi, SGBL, Blom Bank and Bankmed applies to properties, vehicles…

Asharq Al-Awsat · Mar 10, 2022

Lebanese Judge Bans Five Bank Board Chiefs from Travel

A Lebanese prosecutor on Thursday issued travel bans against the heads of the boards of five Lebanese banks, the prosecutor told Reuters. Ghada Aoun issued the bans against Salim Sfeir of Bank of Beirut, Samir Hanna of Bank Audi, Antoun Sehnaoui of SGBL, Saad Azhari of Blom Bank, and Raya…

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