“The attention of the Liberian Bank for Development and Investment (LBDI) has been drawn to a publication in the Monday, September 2, 2019 edition of the In Profile Daily Newspaper captioned ‘LBDI TO SHUT DOWN? The story also lifted in the GNN Online Newspaper, speculates a possible shut down due to borrowers default payments.
“LBDI wishes to assure its valued customers, stakeholders, partners and the general public that despite the general economic challenges, the Bank continues to remain financially sound and assures the public that all of its Branches across the Country remain open for business.
“The Management of LBDI, with the approval of its Board of Directors, is currently undertaking major enhancements in its digital financial services through a migration of its Core Banking Software, ATM services and other business processes to provide more convenience to its customers. We are aware that these reform exercises are adversely impacting service devery across the Enterprise. The Bank encourages the press and other stakeholders to join the transformation initiatives,” a press release Issued said.
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