{"id":12736,"date":"2025-11-21T07:59:33","date_gmt":"2025-11-21T07:59:33","guid":{"rendered":"http:\/\/localhost\/lbdi_website\/?page_id=12736"},"modified":"2025-12-03T18:04:14","modified_gmt":"2025-12-03T18:04:14","slug":"history","status":"publish","type":"page","link":"https:\/\/lbdi-webiste.touchcloud.net\/?page_id=12736","title":{"rendered":"History"},"content":{"rendered":"\t\t
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Liberia’s Leading Financial Institution for Over 60 Years<\/p>\t\t\n\t\t<\/div>\n\t<\/div>\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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A Legacy <\/span>of Excellence<\/div>\t\t\n\t\t<\/div>\n\t<\/div>\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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The Liberian Bank for Development and Investment (LBDI) was created by an Act of the National Legislature in 1961. In 1965, the Bank began full operations as a Development Finance Institution (DFI). Under an amendment in 1974, the name of the Bank was changed to LBDI to reflect the increasing national emphasis on the agricultural sector and other drivers of national economic growth. Since 1988, LBDI has also acted as a commercial bank. LBDI is owned by both public and private shareholders (Institutions and individuals). Some are Liberians. Others are foreign nationals and companies.<\/p><\/div>

LBDI has actively supported community development initiatives since its inception by providing financial support for local infrastructure projects, educational programs, and small business ventures. The bank’s founding principles of social responsibility have been ingrained in its operations since day one.<\/p>

LBDI’s expansion efforts have included the establishment of new branches in key economic hubs, facilitating greater access to financial services for businesses and individuals across the country. Moreover, the bank has diversified its product portfolio, introducing innovative financial solutions to address the evolving needs of its clients and contribute to the growth of the Liberian economy.<\/p><\/div>

Throughout its history, LBDI has demonstrated resilience and adaptability, overcoming economic challenges and contributing to the stability of the financial landscape in Liberia. It has continuously evolved to meet the demands of a dynamic and changing market. With a rich history of over six decades, LBDI has become synonymous with trust and integrity in the Liberian banking industry. As a leading player in the financial landscape of Liberia, LBDI has consistently delivered top-notch banking services, investment opportunities, and support for the development of various sectors of the economy.<\/p><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Present<\/div>\r\n

\r\n LBDI Today <\/h3>\r\n
With a rich history of over six decades, LBDI has become synonymous with trust and integrity in the Liberian banking industry. The bank's founding principles of social responsibility have been ingrained in its operations since day one and continue to guide strategic decisions.\n\nAs a leading player in the financial landscape of Liberia, LBDI has consistently delivered top-notch banking services, investment opportunities, and support for the development of various sectors of the economy. The bank's expansion efforts have included establishing new branches in key economic hubs, facilitating greater access to financial services for businesses and individuals across the country.\n\nLBDI has diversified its product portfolio, introducing innovative financial solutions to address the evolving needs of its clients and contribute to the growth of the Liberian economy. Throughout its history, LBDI has demonstrated remarkable resilience and adaptability, overcoming economic challenges and contributing to the stability of the financial landscape in Liberia.\n\nToday, LBDI stands as more than a commercial bank\u2014it is a catalyst for national progress, serving as a bridge between private enterprise, public development goals, and international investment. This unique dual identity gives LBDI unparalleled positioning in the Liberian financial sector and beyond.<\/div>\r\n <\/div>\r\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Historical <\/span> Journey<\/div>\t\t\n\t\t<\/div>\n\t<\/div>\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\r\n 1961<\/span>\r\n <\/div>\r\n <\/div>\r\n
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The Liberian Bank for Development and Investment (LBDI) was created by an Act of the National Legislature with a clear mandate to promote and finance development projects across the nation.<\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n
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\r\n 1965<\/span>\r\n <\/div>\r\n <\/div>\r\n
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LBDI began full operations as a Development Finance Institution (DFI), focusing on financing industrial, agricultural, and infrastructural development projects across Liberia.<\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n
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\r\n 1974<\/span>\r\n <\/div>\r\n <\/div>\r\n
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Under an amendment, LBDI's name and mandate were updated to reflect the increasing national emphasis on the agricultural sector and other drivers of national economic growth.<\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n
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\r\n Early 1980s<\/span>\r\n <\/div>\r\n <\/div>\r\n
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LBDI transitioned from purely a development finance institution to a hybrid commercial and development bank, expanding services to include retail and corporate banking.<\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n
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\r\n 1988<\/span>\r\n <\/div>\r\n <\/div>\r\n
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LBDI officially established itself as a full commercial bank, maintaining its development finance mandate while offering comprehensive banking services to individuals, SMEs, corporations, and public institutions.<\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n
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\r\n 1990s<\/span>\r\n <\/div>\r\n <\/div>\r\n
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LBDI began building its nationwide branch and ATM network, reaching major counties across Liberia and increasing access to banking for rural and urban populations alike.<\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n
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\r\n 2000s<\/span>\r\n <\/div>\r\n <\/div>\r\n
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Despite periods of national instability, civil conflict, and economic downturns, LBDI maintained operations and demonstrated exceptional institutional resilience and commitment to customers.<\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n
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\r\n 2010s<\/span>\r\n <\/div>\r\n <\/div>\r\n
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Introduced internet banking, mobile banking, and modern ATM services, modernizing how Liberians transact and access financial services. Strengthened governance frameworks to align with international banking standards.<\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n
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\r\n 2020s<\/span>\r\n <\/div>\r\n <\/div>\r\n
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Continues to serve as Liberia's leading development and investment bank with 15 branches nationwide, serving over 288,000 customers with a balance sheet size of US$151.7 million.<\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Critical <\/span> Milestones<\/div>\t\t\n\t\t<\/div>\n\t<\/div>\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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\r\n \t\t 1961 Legislative Creation<\/span>\r\n\t <\/i>\r\n\t <\/h3>\r\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Established by Act of National Legislature to drive national development<\/p>\t\t\n\t\t<\/div>\n\t<\/div>\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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\r\n \t\t 1965 Full Operations<\/span>\r\n\t <\/i>\r\n\t <\/h3>\r\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Began financing industrial, agricultural & infrastructure projects<\/p>\t\t\n\t\t<\/div>\n\t<\/div>\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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\r\n \t\t 1988 Commercial Banking<\/span>\r\n\t <\/i>\r\n\t <\/h3>\r\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Expanded to full-service commercial banking operations<\/p>\t\t\n\t\t<\/div>\n\t<\/div>\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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\r\n \t\t 2024 - Present<\/span>\r\n\t <\/i>\r\n\t <\/h3>\r\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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18% market share, 15 branches, 288,000+ customers nationwide<\/p>\t\t\n\t\t<\/div>\n\t<\/div>\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Liberia’s Leading Financial Institution for Over 60 Years A Legacy of Excellence The Liberian Bank for Development and Investment (LBDI) was created by an Act of the National Legislature in 1961. In 1965, the Bank began full operations as a Development Finance Institution (DFI). Under an amendment in 1974, the name of the Bank was […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-12736","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/lbdi-webiste.touchcloud.net\/index.php?rest_route=\/wp\/v2\/pages\/12736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lbdi-webiste.touchcloud.net\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/lbdi-webiste.touchcloud.net\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/lbdi-webiste.touchcloud.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lbdi-webiste.touchcloud.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12736"}],"version-history":[{"count":58,"href":"https:\/\/lbdi-webiste.touchcloud.net\/index.php?rest_route=\/wp\/v2\/pages\/12736\/revisions"}],"predecessor-version":[{"id":13349,"href":"https:\/\/lbdi-webiste.touchcloud.net\/index.php?rest_route=\/wp\/v2\/pages\/12736\/revisions\/13349"}],"wp:attachment":[{"href":"https:\/\/lbdi-webiste.touchcloud.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}