Israeli airstrikes targeted nearly a dozen branches of a Hezbollah-led financial institution that the IDF says helps finance terror operations.

The branches of Al-Qard Al-Hassan, or ‘the Benevolent Loan’, were located throughout southern Lebanon and in the capital Beirut. While some individuals keep their savings at the institution, Israel says Hezbollah uses it to store hundreds of millions of dollars.

Israel issued evacuation warnings ahead of the airstrikes and there have been no reports of casualties.

“Overnight, the IAF carried out a series of targeted, intelligence-driven attacks against dozens of facilities and locations used by the terrorist organization Hezbollah to finance its terrorist activities against the State of Israel. The attacks were carried out in the areas of Beirut, southern Lebanon. and deep into Lebanese territory,” the IDF said in a statement.

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Workers clear a street beneath a giant portrait of late Hezbollah military commander Imad Mughniyeh as smoke rises from a destroyed building hit by an Israeli airstrike in Dahiyeh, in the southern suburbs of Beirut, Lebanon, on Sunday, October 20. 2024. (AP Photo/Hussein Malla)

“These funds, which Hezbollah used for terror activities, were stored by the Al-Qard al-Hassan Association, which directly finances Hezbollah’s terror activities, including the purchase of weapons and payments to operatives of Hezbollah’s military wing. The terrorist organization Hezbollah keeps billions of dollars in the association’s branches, including money held directly under the name of the terrorist organization,” the statement continued.

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The institution, which has more than 30 branches across Lebanon, tried to reassure customers ahead of the strikes, saying it had evacuated all its branches and moved gold and other deposits to safe areas.

Israel launched an invasion of Lebanon earlier this month. (Ahmad Gharabli/AFP via Getty Images)

Israel’s announcement came a day after US Defense Secretary Lloyd Austin called the number of civilian casualties in Lebanon “far too high” in the war between Israel and Hezbollah, and urged Israel to scale back some attacks , especially in and around Beirut.

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Iran is backing Lebanon-based Hezbollah, and the United States is investigating an unauthorized release of classified documents showing that Israel provided military resources for a military strike in response to Iran’s Oct. 1 ballistic missile attack, three U.S. officials said. . They spoke on condition of anonymity because they were not authorized to discuss the matter publicly.

Israeli Defense Minister Yoav Gallant, left, Shin Bet leader Ronen Bar, center, and Israeli Army General Staff Lt. Gen. Herzi Halevi, right, speak near the Gaza border on Thursday after the takedown of Hamas leader Yahya Sinwar. (IDF)

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The Israeli government said a drone was targeted Prime Minister Benjamin Netanyahu’s home on Saturday, without any casualties, as the fighting with Hezbollah and Hamas terrorists never paused.

The Associated Press and Trey Yingst contributed to this report.