Baiduri Bank was recognised as the Best Bank in Brunei by Euromoney during an awards ceremony at a hotel in Singapore, as part of the Euromoney Awards for Excellence 2024, marking the third consecutive year the bank has received the honour.
Baiduri Bank Chief Executive Officer Ti Eng Hui said, “The recognition reflects the dedication of the team and the ongoing commitment to delivering banking experiences. Looking ahead, we will continue to focus on innovation, sustainability and engaging with our community.”
According to Euromoney, Baiduri Bank stands out not only for its solid financial performance but also for its ongoing commitment to digital transformation. This recognition reflects the bank’s focus on innovation and its efforts to provide enhanced banking services.
In 2023, the bank recorded notable growth across its core businesses, with significant contributions from treasury, retail and corporate banking.
The efforts have strengthened the bank’s overall financial position and improved the banking experience for its clients. Baiduri Bank has also maintained its A-/A-2 rating with a stable outlook from S&P Global Ratings, reinforcing its position as a key player in the Sultanate’s banking sector.
Baiduri Bank continues to lead in digital innovation, becoming the first in Brunei to adopt artificial intelligence-driven credit risk management through its partnership with Singapore-based fintech company Finbots.ai. This development has enhanced credit assessments, leading to faster and more accurate loan approvals.
Head of Corporate Banking and Trade Finance Leonard Lee, Head of Institutional Banking Awangku Nor Muhammad Nizam bin Pengiran Haji Tengah and Head of Group Strategic Marketing and Communications Ng Yick Wei were also present at the ceremony. The bank also introduced Baiduri Qpay, a digital wallet for UnionPay debit cardholders, and launched Maribali, an e-marketplace supporting local micro, small and medium enterprises (MSMEs). Both initiatives align with Brunei’s Digital Economy Masterplan 2025, demonstrating the bank’s ongoing commitment to driving local economic growth.
As Baiduri Bank celebrates its 30th anniversary, the award highlights yet another milestone in its ongoing journey to empower individuals and businesses to achieve financial success in Brunei.
