Baiduri Bank crowned World’s Best Banks Awards 2020 in Brunei

Lyna Mohamad

Baiduri Bank has once again been recognised as the country’s winner in the World’s Best Banks Awards 2020.

The award marks Baiduri Bank’s sixth award from Global Finance since 2014.

The year 2020 is a very challenging year for all banks and the recognition from Global Finance magazine is testament to Baiduri Bank’s resilient performance, strong balance sheet, prudent risk management practices and the ability to offer most of the services on a digital platform, said CEO Ti Eng Hui.

“We have invested heavily in new technologies to provide a better experience for our customers and the public with digital solutions like the b.Digital banking platform,” Ti added.

The bank also looked inwards towards building human capital capabilities through digital solutions. “Last year, we signed an MoU with an international financial services provider for the provision of a structured e-learning solution and this is the first of its kind for a Brunei bank,” the CEO said.

Global Finance in a press release said Baiduri Bank has a strong international brand, thanks to collaborations with global and regional banks, and is recognised for innovation, dynamism and consistently strong metrics.

Baiduri Bank has received two international banking awards this year, with the other being ‘Domestic Retail Bank of the Year’ from the Asian Banking & Finance magazine for the eighth consecutive year.

The winners for the World’s Best Banks 2020 were selected by editors at Global Finance with input from industry analysts, corporate executives and technology experts using information provided by banks and other providers as well as independent research.

Baiduri Bank headquarters. PHOTO: BAIDURI