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

Israel launched a string of airstrikes across Lebanon on Oct. 20, saying it was targeting branches of the Hezbollah-affiliated financial institution, Al-Qard Al-Hasan Association.

Israel says it is planning to carry out more strikes in Lebanon against a Hezbollah-run financial institution that it targeted the night before

Hasan, which functions as Hezbollah’s de facto banking arm but also operates as an alternative bank for Lebanese, were targeted around Beirut and across the country’s south and east.

Gaza At least 11 Israeli air strikes have hit the southern suburbs of Beirut, including at least three on branches of a Hezbollah-linked bank on Sunday evening, according to Lebanon’s state-run National News Agency.