BIBD launches Asian Desk to facilitate FDIs, boost economy

|     Hakim Hayat     |

BANK Islam Brunei Darussalam (BIBD) yesterday strengthened its commitment to provide better support and convenience to Brunei’s economy and its corporate institutions with the launch of its Asian Desk.

The BIBD Asian Desk also serves as a one-stop centre to serve foreign direct investment (FDI) companies and its employees, the bank said in a press statement. “For the benefit and convenience of BIBD’s corporate customers, especially FDI companies, the BIBD Asian Desk is managed by relationship managers fluent in multiple languages, along with the ability to transact in additional currencies.

While serving the business needs of its customers, the Asian Desk also facilitates to the personal financial and banking needs of their employees with a whole range of convenient products and solutions. This additional support is provided by interconnectivity onto BIBD’s award-winning services across its retail and subsidiary businesses across the bank while leveraging on Brunei’s largest network of banking branches and ATMs, and state-of-the-art Contact Centre,” the statement added.

Head of Corporate Banking Division Koh Swam Sing said, “As we are witnessing the increasing number of international insti-tutions cementing their presence in Brunei, the establishment of our Asian Desk aligns us closer with the Brunei Government’s strategies to encourage more FDIs into the country, especially in economic clusters beyond the oil and gas industry.”

At the same time, the Asian Desk provides a platform for local Bruneian institutions, especially SMEs, to engage these international institutions for potential business opportunities and ventures, thus developing greater competitive strength.

BIBD Managing Director Mubashar Khokhar (R), BIBD Deputy Managing Director Hajah Noraini binti Haji Sulaiman (2nd L) and BIBD Head of Corporate Banking Division Koh Swam Sing (2nd R)in a group photo. – BIBD

“BIBD strongly believes that its Asian Desk creates a win-win solution that would not only facilitate the inflow and long-term commitment of FDIs but also the growth of Bruneian institutions, ultimately contributing towards a dynamic and sustainable Bruneian economy.”

The statement added, “This is in line with BIBD’s mission to become the first choice institution by understanding and designing better-fit solutions to our customers.”

BIBD’s standing as Brunei’s largest bank in terms of asset and deposit base, its best retail bank, strongest bank, best digital bank with the best mobile banking application, while maintaining its A-rating, the highest rating for a Bruneian bank from S&P Global, provides credence that BIBD can truly support the aspirations and goals of the customers it serves.

Present to officiate the event was BIBD Managing Director Mubashar Khokhar as well as BIBD senior management and officials.