Wednesday, April 24, 2024
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Brunei Town

Baiduri Bank: 30 years of partnerships, progress and pioneering spirit

 

This year, Baiduri Bank reaches a remarkable milestone: 30 years of building futures and financial success. Founded in 1994, Baiduri Bank, together with its subsidiaries Baiduri Finance and Baiduri Capital, has played a significant role in shaping the financial services landscape of Brunei.

Baiduri Bank Headquarters today, located at 1, Jalan Gadong
Baiduri Bank Headquarters today, located at 1, Jalan Gadong
First few employees of Baiduri Bank in 1994
First few employees of Baiduri Bank in 1994

Reflecting on this journey, Ti Eng Hui, CEO of Baiduri Bank, shares, “Throughout the past three decades, Baiduri Bank’s commitment to excellence, innovation, and community service has been unwavering. This anniversary is not just a celebration of what we’ve accomplished but also a reaffirmation of our dedication to empowering our customers and contributing to the sustainable development of Brunei. Personally, I am proud of the challenges we’ve overcome and the successes we’ve achieved. We will continue adapting, innovating, and growing, to meet the evolving financial needs of our customers.”

A new chapter unfolds

To commemorate the 30th Anniversary celebrations, Baiduri Bank unveils a special logo – a symbol of the Bank’s journey and future aspirations. The design, intertwining ‘3’ and ‘0’, celebrates the enduring bond between Baiduri Bank and its customers, a testament to the Bank’s foundational strength and vision for continued growth.

This emblem reflects the Bank’s unique identity and our commitment to innovation and resilience. It embodies our dedication to innovation, progress, and embracing the possibilities of the future with optimism.

A legacy of trust and achievement

Baiduri Bank has consistently been at the forefront of financial innovation, ensuring stability and growth. As Brunei’s first provider of internet banking, we’ve set benchmarks for accessibility and customer experience. Our leadership in digital transformation is further demonstrated by our pioneering implementation of cloud-based core banking services and an AI-led strategy in credit management. These initiatives enhance our operational efficiency and resilience, solidifying our reputation as a digital innovation leader.

Over three decades, our commitment to innovation and advancement has propelled our clients to new heights of success. This journey is adorned with prestigious recognitions, reflecting our dedication to excellence. In 2023, Baiduri Bank was awarded ‘Best Retail Bank in Brunei 2023’ by the Asian Banker, ‘Best Banking Group, Brunei 2023’ by World Finance, ‘Best Bank in Brunei 2023’ by Euromoney, ‘Domestic Retail Bank of the Year Brunei 2023’ by Asian Banking & Finance, and ‘Best Bank in Brunei’ by Global Finance. The bank also received the 2nd ASEAN Outstanding Social Welfare and Development Award (AOSWADA) in recognition of its Corporate Social Responsibility (CSR) efforts. Standard & Poor’s maintained the Bank’s credit rating at ‘A-/A-2’ with a Stable Outlook in July 2023.

These achievements reflect Baiduri Bank’s dedication to leading through innovation and affirm our leadership role in the financial sector.

Collaboration at the heart of our legacy

Central to our legacy is the power of collaboration. Our commitment to CSR reflects our brand promise of ‘co-creating your future,’ focusing on active community participation. Our CSR initiatives, underpinned by social, economic, and environmental pillars, showcase our leadership and commitment to sustainable development, aligning with the objectives of Wawasan Brunei 2035.

 Building the future

Veronica Chong, Head of Group Human Resources and Administration, reflects on her 30-year tenure with the Bank, “Being part of Baiduri Bank from the very beginning has been an incredibly rewarding journey. Over the past 30 years, I’ve witnessed firsthand the evolution of the Bank, the growth of our team, and the expansion of our services. Our employees have always been at the heart of our success, embodying our values of trust, inclusivity, empathy, and enterprise. It’s an honour to contribute to a company that not only focuses on financial success but also prioritises the well-being of its employees, customers, and the wider community.”

Yang Amat Mulia Pengiran Muda Dr Abdul Fattaah, Chairman of Baiduri Bank Group, at the groundbreaking ceremony of Baiduri Bank’s new headquarters
Yang Amat Mulia Pengiran Muda Dr Abdul Fattaah, Chairman of Baiduri Bank Group, at the groundbreaking ceremony of Baiduri Bank’s new headquarters

 Yang Amat Mulia Pengiran Muda Dr Abdul Fattaah, Chairman of Baiduri Bank Group, at the groundbreaking ceremony of Baiduri Bank’s new headquarters

With a rich legacy behind us and a clear vision ahead, Baiduri Bank is set to redefine the essence of banking, innovating and shaping what comes next in the financial landscape of Brunei and beyond. Here’s to building the future together – charting new territories in finance, embracing technological advancements, and fostering stronger community bonds.

 

 

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