BIBD was recently presented with the much-coveted industry awards from Global Finance – The World’s Best Emerging Markets Banks 2014 in Asia-Pacific for Brunei and The World’s Best Islamic Financial Institutions 2014 for Brunei, a press release stated.
The awards were presented to BIBD at Global Finance Magazine’s 16th Best Bank Awards Ceremony 2014 held at The National Press Club in Washington on October 11.
BIBD’s Managing Director Javed Ahmad commented, “Alhamdulillah, not just for BIBD, but also for the development of the Islamic banking industry as a whole, as wining and retaining these two prestigious awards from last year shows great development and character for our institution. It really is a testament to our Bruneian at Heart persona that we have strived to build.
“BIBD has been enjoying stellar growth, building on its earlier accolades, banking performance and rebranding exercise, which will, Insya Allah, bring many more successes to come. BIBD has grown from strength to strength in further supporting not only its own ambitions but also the ambitions of the Brunei Darussalam business community, directly supporting the nation to achieve its goal of achieving a developed nation status by 2035.”
“Faced with slowing growth and volatile markets, these banks are star performers under increasingly challenging conditions,” said Joseph D Giarraputo, publisher and editorial director of Global Finance.
“The banks that Global Finance is honouring may not be the largest or oldest, but they are the best at targeting their products and offerings to the specific markets they serve.”
On the Best Islamic Financial Institutions 2014, he said, “The safety and reliability of banking partners is critical, and as Shariah-complant finance becomes an increasingly central tool in the global financial marketplace, understanding the key players and their relative strength versus competitors, is key.”
“The winning banks in our annual awards programme are all noteworthy in their dedication to satisfying their customers’ increasingly sophisticated needs in accordance with the rules of Islamic finance.”
Earlier in the year, Global Finance magazine named the World’s Best Emerging Markets Banks in Asia-Pacific. Global Finance editors – with inputs from industry analysts, corporate executives and banking consultants – selected the best emerging markets bank in the region and in 30 countries.
Criteria for choosing the winners included growth in assets, profitability, strategic relationships, customer service, competitive pricing and innovative products.
In addition, for the first time, a poll of Global Finance’s corporate readership was conducted in order to increase the accuracy and reliability of the results.
This is the twenty-first year that the magazine has selected top banking performers in emerging markets. The report covers best banks in Latin America, Central & Eastern Europe, Asia-Pacific, the Middle East and Africa.
Global Finance, founded in 1987, has audience that includes chairmen, presidents, CEOs, CFOs, treasurers and other senior financial officers responsible for making investment and strategic decisions at multi-national companies and financial institutions.