Israeli airstrikes overnight struck branches of a Hezbollah-linked financial institution, Al-Qard Al-Hassan Association, further escalating Israel's offensive against the Iran-backed Lebanese group.

Israel recently targeted branches of Al-Qard Al-Hassan (AQAH), a financial institution linked to the Iran-backed Lebanese militant group Hezbollah, with precision airstrikes.

The building hit early Monday morning is not a simple bank but Al-Qard Al-Hassan, a peculiar banking entity set up by Hezbollah in 1982. It has lent more than $400 million to members of the Shia organization and Hezbollah itself.

Lebanon witnessed a night of heavy attacks as Israel targeted several branches belonging to the Al-Qard Al-Hassan financial institution

The Israeli military has carried out a wave of airstrikes targeting branches of a financial institution affiliated with Lebanon’s Hezbollah, saying the quasi-banking system is being used to fund the m

The de facto bank is the largest microcredit organization in a country where the traditional banking sector is in shambles.