Category: Banks. Country: Liberia.
The LBDI was created by an Act of the National Legislature in 1961 under the joint initiative of the Liberian government and major international financial institutions who purchased equity in the Bank namely: International Financial Corporation (IFC), Commonwealth Development Corporation (CDC) Capital Partners, European Investment Bank (EIB), Groupe Agence Franiçais de Development (GAFD), and Deutsche Investitions-und Entwicklungesllchaft (DEG), over 150 private Liberians, other international and local institutions. Foreign shareholding is 44.47% and local shareholding is 55.53%. LBDI is predominantly a privately owned institution under private management and a Board of Directors elected annually by its Shareholders. The Bank commenced operations in 1965 as Liberian Bank for Industrial Development and Investment. Under an amendment in 1974, the name was changed to the Liberian Bank for Development & Investment (LBDI). A further amendment in 1988 allowed the Bank to engage in commercial banking activities, to compliment its development objectives. The Liberian Bank for Development and Investment (LBDI), has been in operations in the country for more than 39yrs. Main account types: Demand Accounts. Savings Accounts. Time Deposits. Trust Funds. Certificate of Deposits. Commercial credit: Overdrafts. Short-Term Loans. Bonds & Guarantees. Lease Discounts. Letters of Credit. Apex Loans. E-tool funds transfers: Processing of funds transfer within minutes.
Address: Internet
