Here we review the potential of ILB 938 (IG 12132 – doi: 10.18730/60FD2), a unique faba bean accession originating from the Andean region of Colombia and Ecuador, maintained at ICARDA – International Center for Agricultural Research in the Dry Areas, with resistance to multiple biotic and abiotic stresses and carrying some useful morphological markers. It has been used as a donor of leaf-related drought adaptation traits and chocolate spot (Botrytis fabae) resistance genes in faba bean breeding programmes worldwide. From generated populations of recombinant inbred lines, quantitative traits loci associated with these useful traits have been mapped. Other markers, such as a lack of stipule-spot pigmentation and clinging pod wall, show the presence of unusual changes in biochemical pathways that may have economic value in the future.