Strikes targeted Al-Qard Al-Hassan buildings in Beirut’s southern suburbs, south Lebanon and the Bekaa valley
Israel carried out a series of airstrikes on the southern suburbs of Beirut, south Lebanon and the Bekaa valley early on Monday morning, striking buildings belonging to the Hezbollah-run banking institution Al-Qard Al-Hassan.
The announcement that Israel would start targeting the bank, a part of Hezbollah’s civilian institutions, signified an expansion of the scope of Israel’s targets from just the group’s military wing. The banking institution became more popular after Lebanon’s 2019 financial crisis, when commercial banks froze almost all accounts and almost entirely stopped issuing loans. Hundreds of thousands of Lebanese people, primarily Shia Muslims, bank with Al-Qard Al-Hassan, many of them giving the bank familial assets such as gold in exchange for loans.
Israel has said it is trying to degrade and destroy Hezbollah’s infrastructure and capabilities along the border. Its progress is unclear, as the border areas have been virtually depopulated and media access is limited.
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