Bomb blast in central Beirut targets Blom Bank - minister

World Monday 13/June/2016 00:39 AM
By: Times News Service
Bomb blast in central Beirut targets Blom Bank - minister

Beirut: A bomb exploded outside the headquarters of Lebanese Blom Bank in central Beirut on Sunday, causing damage but no fatalities, the country's interior minister said. There were no immediate claims of responsibility.
The Lebanese banking sector has been at the centre of an escalating crisis since the United States passed a law targeting the finances of Hezbollah. The powerful group has launched verbal attacks on the central bank over the implementation of the act in Lebanon.
Blom Bank is one of the banks that has closed accounts belonging to people suspected of links to Hezbollah.
There was not immediate comment from Hezbollah on the bomb blast.
The Lebanese Red Cross said two people suffered minor injuries in the blast, which took place outside Blom Bank headquarters in the Verdun area of Beirut, the National News Agency reported. Smoke rose from the area.
Local television showed footage of a damaged building, with one hole in a concrete wall, and said shattered glass had fallen to the ground from several storeys up.
A security source said the bomb had contained 2 kg (4 lb) of explosives. Interior Minister Nohad Machnouk said the device had been left in a bag by the back wall of the building.
"Politically it is clear that target was Blom Bank only," he said, adding that the attack had nothing to do with the militant group IS, which has mounted suicide bombings in Beirut. Machnouk said initial reports indicated there had been no fatalities.
The last bomb attack to hit the Lebanese capital killed more than 40 people in the southern suburbs, an area where Hezbollah is dominant.
That bombing was claimed by IS.
The US act passed in December, the Hezbollah International Financing Prevention Act (HIFPA) threatens to punish any organisation providing significant finance to Hezbollah. It has ignited an unprecedented dispute between Hezbollah and a central bank widely seen as a pillar of the otherwise weak and dysfunctional Lebanese state.
The central bank has said the US law must be applied to avoid the international isolation of Lebanon's banking sector.
Hezbollah has strongly criticised the bank for agreeing to measures it deems as part of a war against it.
The group's parliamentary bloc issued a statement last week reiterating its criticism of the central bank's position, saying the US law infringed Lebanon's national sovereignty.
Central bank governor Riad Salameh last month said banks must comply with the law, but sought to ease concerns, assuring Lebanese citizens the regulations protect them from having bank accounts arbitrarily blocked or closed.
Since 2001, the United States has put more than 100 individuals and entities affiliated with Hezbollah onto sanctions lists under existing anti-terrorism funding legislation, but the new law is aimed at Hezbollah specifically.