MONROVIA, LIBERIA-The Liberian Bank for Development and Investment (LBDI) has launched what it called Aggress Bad Debt Recovery program.
The program is aimed at engaging debtors to meet up with their obligations to the bank.
LBDI President Doe Delaney said:” The launch became necessary because of the huge amount of non-performing loans and bad debts accumulated over the years.”
Mr. Delaney told ELBC on Monday, November 28, 2022, that more than three-thousand persons and institutions owed LBDI.
Mr. Delaney also added that at least twenty-five individuals, businesses, companies and institutions owed the Bank nineteen-million United States Dollars.
The LBDI Boss at the same time disclosed that they are working with the Justice Ministry to enforce the recovery exercise.
By: Emmanuel Bondo