Lebanon's banks to reopen on Monday

Agencies | Beruit

The Daily Tribune – www.newsofbahrain.com

Lebanon's banks will reopen on Monday, the banking association said, after five days of closure following a wave of holdups in the country by depositors seeking access to their frozen savings.

The association said in a statement on Sunday that the decision to reopen "was taken after consideration of the current difficult security conditions and the need to maintain the safety of customers and employees alike, in the absence of adequate protection by the state".

It added each bank would determine its own channels for banking operations with commercial and educational institutions, and the health care sector amongst others, Reuters reported.