Baiduri Bank was once again recognised as the best bank in Brunei by Global Finance in the 2024 awards, marking the ninth time the bank received the accolade.
Global Finance commended Baiduri Bank for its financial performance and operational efficiency, highlighting the bank’s impressive improvements in key financial indicators over the past year. The publication noted that the bank’s strategic focus on optimising its operations and driving growth has reinforced its position as a leading financial institution in Brunei.
These achievements reflect the bank’s commitment to excellence and ability to deliver results consistently.
Baiduri Bank Chief Executive Officer (CEO) Ti Eng Hui said, “We are committed to staying ahead of the curve by continually adapting our business to be future-ready. Our digital transformation journey is a testament to our focus on customer-centric innovation. We remain dedicated to enhancing personalised banking solutions, supporting local businesses and aligning our corporate social responsibilities with global sustainability goals.”
The bank also introduced Baiduri QPay in 2023, a digital wallet that complements its suite of digital payment services, and launched the Baiduri Enterprise Hub, a co-working space dedicated to supporting micro, small and medium enterprises and emerging entrepreneurs. The bank partnered with Finbots.ai to implement an artificial intelligence-driven credit risk management solution, further modernising its services and reducing risks, particularly in retail and small and medium enterprise lending.
The bank’s emphasis on employee development and well-being has also been instrumental in its success. Initiatives like the Leadership Academy and Emerging Leaders Mentoring Programme are designed to equip employees with the skills needed to navigate the evolving digital landscape.
“As we celebrate our 30th anniversary, this award is especially meaningful. We sincerely thank our stakeholders, business partners, and customers for their steadfast support. This recognition motivates us to continue driving innovation, sustainability and strategic growth,” the CEO added.
Founded in 1987, the United States-based Global Finance has a circulation of 50,000 readers in 193 countries and territories. Global Finance is headquartered in New York, with offices around the world.
