A statement was issued by the management of "National Credit Bank S.A.L" explaining that "what is being circulated on social media is nothing but baseless rumors." The statement read: "Recently, false information regarding National Credit Bank S.A.L has been circulating on social media. The bank, its management, and its shareholders want to clarify that what is being circulated is merely unfounded rumors, aimed solely at undermining the remaining trust of depositors in the banking sector. The bank urges all parties responsible for these platforms and those publishing on social media to verify any information before publishing, by contacting National Credit Bank in advance to confirm the accuracy of this information, in order to prevent harm to the interests of all parties concerned, especially the depositors. The bank further emphasizes that it will take all necessary legal actions before the competent courts against anyone who spreads false allegations to protect all rights."