Baiduri Bank maintained its issuer credit rating of A-/A-2 with Stable Outlook from Standard & Poor’s (S&P) Global Rating, the third consecutive year of achieving an A-rating, the bank announced yesterday.
Baiduri Bank Chief Executive Officer Ti Eng Hui said, “This rating reflects Baiduri Bank’s strong market position and financial health.
“Our effective capital management, well-established deposit base, and systemic importance demonstrate our continuous commitment to financial stability and growth. We are dedicated to delivering exceptional value to our customers and stakeholders and contributing to Brunei’s economic development.”
According to S&P, the long-term credit rating is two notches higher than the bank’s stand-alone credit profile.
The bank said that the rating reflects S&P’s expectation that the bank will maintain its sound business stability and franchise, having the second-largest branch and ATM network in the country.
Baiduri Bank leads the market with its robust capitalisation, with a risk-adjusted capital (RAC) ratio projected to remain stable between 17.1 per cent and 18 per cent over the next two years.
The report also emphasised Baiduri Bank’s stable funding and liquidity profile.
The bank benefits from a well-established deposit base, with a significant proportion of low-cost current and savings accounts (CASA).
Its liquidity coverage ratio remains well above 100 per cent, reflecting a strong liquidity position that supports ongoing operations and growth.
