DFX Intelligence
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Global Financial Service Disruptions
Lebanese banks (Association of Banks in Lebanon)
commercial bank · LB · Middle East
Mixed or cascadingStatus: resolvedTier 1Severity 4 of 5Evidence confidence: highAnalyst-verified
Lebanon's banks closed for three days from 19 September 2022 and then indefinitely after a wave of depositors holding up branches to retrieve frozen savings. They reopened at the start of October to let employees withdraw salaries.
- First disruption
- Sep 19
- First public signal
- unknown
- Acknowledged
- Sep 22
- Restored
- Oct 1
- Duration
- not established
- DFX first recorded
- Nov 5 14:58 UTC
What was restricted
allScope: sector wide
Branches closed nationwide 19 to 21 Sep then indefinitely; reopened early October for salary withdrawals.
Cause, kept in separate layers
- What the institution said
- Absence of security guarantees after depositor hold-ups of branches
- DFX classification
- Mixed or cascading (cyber: unconfirmed)
- Analytical hypothesis (not established)
- Closure layered on top of existing informal capital controls since 2019 (cause D/E background).
Evidence
- Al Jazeera · 2022-09-22
- Oman Observer · 2022-09