Bank Islam Brunei Darussalam (BIBD) announced yesterday that its A- Stable rating from international credit ratings agency S&P Global has been re-affirmed.
The bank said it has consistently maintained its A- Stable rating since 2015, underscoring its commitment to robust capitalisation and a healthy funding profile.
It said that the most recent assessment by S&P Global acknowledges that these factors will continue to support BIBD’s growth and resilience in the coming years.
S&P Global’s report also highlights BIBD’s significant systemic importance within the Bruneian financial sector, said the bank.
Meanwhile, the bank’s dedication to environmental, social, and governance (ESG) credit factors was also noted by S&P Global, said BIBD.
Managing Director and CEO of BIBD Junaidi bin Haji Masri said, “As we celebrate BIBD’s 30th anniversary this year, our rating serves as a testament to our robust corporate governance and risk management practices. This achievement not only reflects our dedication to excellence but also highlights how far we have come since our inception.
“It motivates us to forge ahead, serving our customers while always maintaining the balance between the needs of our community and our duty to serve our nation.”
