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.