Liberian Bank for Development and Investment Supports Economic Growth in Liberia

The Liberian Bank for Development and Investment (LBDI) plays a vital role in supporting economic growth in Liberia. It was established in 2000 to provide financial services to the Liberian people.

LBDI has a strong presence in Liberia, with multiple branches across the country. Its commitment to economic development is evident in its various initiatives.

The bank's focus on economic growth has led to increased access to financial services for Liberians, especially in rural areas. This has helped to boost economic activities and improve living standards.

By providing loans and other financial products, LBDI has helped to support small businesses and entrepreneurs in Liberia. This has created jobs and stimulated economic growth.

For another approach, see: Central Bank of Liberia

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.

The bank started with foreign shareholding at 44.47% and local shareholding at 55.53%, a unique balance that would shape its future.

In 1965, LBDI began operations as the Liberian Bank for Industrial Development and Investment, marking the beginning of its journey.

The bank's name was changed to the Liberian Bank for Development and Investment in 1974, following an amendment to its founding act.

This change in name reflected the bank's evolving focus on development and investment, rather than just industrial development.

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The Liberian Bank for Development and Investment (LBDI) has a significant government involvement. The bank was established by an Act of the Liberian Legislature in 1962.

The government's role in LBDI is to provide financial support to the development of Liberia's economy. The bank's primary objective is to mobilize domestic and foreign resources to finance development projects in Liberia.

The government's equity in LBDI is 51%, while the remaining 49% is held by the public. This structure reflects the government's commitment to the bank's mission.

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Liberian Bank for Development and Investment has several competitors in the market. One of the top competitors is Scotiabank1832, a commercial bank based in Toronto, Canada.

Scotiabank1832 has received a Tracxn Score of 75/100, indicating a strong presence in the market. It has also received funding from investors such as Seaside Private Capital and Colpatria.

Kreissparkasse Biberach is another competitor, a commercial bank based in Biberach, Germany. It has a Tracxn Score of 18/100, which is significantly lower than Scotiabank1832.

The Central Bank of Liberia is also a competitor, a commercial bank based in Monrovia, Liberia. It has a Tracxn Score of 10/100, indicating a relatively weak presence in the market.

Liberian Bank for Development and Investment itself has a Tracxn Score of 10/100, which is the same as the Central Bank of Liberia.

Here is a list of the top competitors of Liberian Bank for Development and Investment:

First National, a commercial bank based in Monrovia, Liberia, is also a competitor, but it does not have a Tracxn Score.

The Liberian Bank for Development and Investment is a financial institution that offers a range of services to support the growth of businesses and individuals in Liberia.

Their investment arm provides financing options for large-scale projects, such as infrastructure development and manufacturing.

The bank's investment portfolio is managed by a team of experienced professionals who have a deep understanding of the Liberian market.

The bank's growth strategy is focused on increasing its footprint in the country, with a goal of reaching 50 branches within the next 5 years.

By providing access to capital and other financial services, the bank is helping to stimulate economic growth and development in Liberia.

Their investment arm has already funded several projects, including a major highway construction project and a new manufacturing facility.

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