By Rim Zrein -- the961.com --A hacker group called “SpiderZ” hacked into the servers and cameras of Al-Qard Al-Hassan, Hezbollah’s financial institution. It collected data and is beginning to leak them to the public and promising to publish additional details later. They exposed the names of senior depositors along with other details from the database. Al-Qard Al-Hassan Association was established by Hezbollah in the 1980s, and it is the right hand of the party. Licensed by the Lebanese Ministry of the Interior in 1987, the Hezbollah bank has 32 branches throughout Lebanon, and declares itself a charity association that provides financial assistance to the Shiite population in Lebanon.

However, even though Al-Qard Al-Hassan is registered as a charity in Lebanon, it appears to run as a financial institution in every possible aspect, providing various financial services to its clients, including loans. Information obtained from The Double Cheque quotes that the association’s annual loans are close to $500 million, its annual profits are close to $20 million, its deposit reserves are worth over $300 million, and it holds 15 tons of gold worth around $500 million. And 0 tax payment, contributing nil to the Lebanese economy.

The association confirmed to the Hezbollah-affiliated Al-Ahed website that the breach has in fact occurred. According to Al-Ahed website, Al-Qard Al-Hassan stressed that “this breach does not give the attackers the ability to act or move the accounts.” In the video posted by the “Spiderz” group on their website, the hackers explicitly state that they have successfully managed to get hold of all of Hezbollah’s bank information, and confirm that Al-Qard Al-Hassan is not a charity, but a covert financial shelter for Hezbollah.