¤Collapse of Intra Bank

On 14 October 1966 Intra Bank, the largest bank in Lebanon and the institution of Yousef Beidas, which owned Middle East Airlines, the Casino and part of the port of Beirut, suspended payments after the withdrawal of large Gulf deposits and the Banque du Liban's refusal to rescue it with liquidity; the collapse shook confidence in the banking sector and led to the creation of the Banking Control Commission and the 1967 law, and the bank became a holding company in which the state holds a stake. The first major banking crisis before the 2019 collapse.