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Lebanon s Fransabank Shuts All Branches after Judicial Order

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Lebanon s Fransabank shuts all branches - Michael West Media

Lebanon s Fransabank shuts all branches - Michael West Media
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All branches of Lebanon s Fransabank closed

One of Lebanon's biggest banks has closed all its branches, after it was assessed that it would be unable to meet the needs of clients, threatening public sector salaries.

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Lebanon s Fransabank closes all branches after judicial order, source says

BEIRUT: Lebanon’s Fransabank on Wednesday closed all of its branches in the country following a judicial order freezing its assets based on a lawsuit filed by a depositor, a Fransabank source told Reuters. Lebanese banks have frozen most savers out of their hard currency deposits since a financial meltdown in 2019, but the controls were never formalized in law and have been

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Lebanon s Fransabank shuts all branches

Lebanon's Fransabank has closed all of its branches after a judicial order and says it will be unable to meet client demands, including paying public sector salaries.

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