| Izah Azahari |
BANK Islam Brunei Darussalam (BIBD) yesterday greeted more than 30 senior delegates from 11 banks from China and Asean member countries at The Empire Hotel & Country Club.
The dinner reception was held in conjunction with the 4th Annual Executive Board Meeting and Seminar today.
Present to host the members of the China-Asean Inter-Bank Association (CAIBA) was Javed Ahmad, Managing Director of BIBD, in his capacity as Chairman of CAIBA.
The ambassadors and high commissioners of the countries were also present.
Javed, his welcome speech, highlighted that CAIBA was set up to boost exchanges between financial institutions and enterprises to promote cooperation between China and Asean countries.
This was done four years ago through the laying of the foundations required to form CAIBA in Hanoi, Vietnam, with the signing of the framework agreement in October 2013 during the 13th Asean-China Summit.
“We are here to create a long-term alliance between member banks on the principles of equality and mutual benefits, through deepening and widening collaboration of banking services in key areas,” he said.
Javed explained that discussions on the way forward would start soon and that he is certain that they would be able to transform and move forward the initiatives and ideas from previous CAIBA meetings into actionable plans, simultaneously strengthening on-going initiatives.
This is BIBD’s first time hosting the CAIBA Executive Board Meeting and Seminar event since taking over as the association’s Presiding Bank from China Developmet Bank last year.
BIBD will maintain its chairmanship of CAIBA until May 17, 2016, while the BIBD Managing Director will effectively serve as its Chairman during the two-year period.
The meeting and seminar are part of the continued efforts to enhance the level of cooperation amongst member banks from China and Asean countries.