Bandar Seri Begawan, 9th December 2011.   For the eighth time since 2002, Baiduri Bank has won the Country Award for Brunei in the annual Banker Awards, organized by The Banker magazine, UK.

The award ceremony took place at the Intercontinental Hotel, London on 30th November 2011.  Mr Ti Eng Hui, Deputy General Manager Retail Banking and Branch Network of Baiduri Bank received the award on behalf of the Bank.

Ti Eng Hui, Baiduri Bank’s Deputy General Manager, Retail Banking and Branch Network (centre), proudly displaying the Bracken Award at The Banker Awards presentation event held at the Intercontinental Hotel, London on 30th November 2011. The Award was presented by Jane Cooper, Asia Editor and Transactional Banking editor of The Banker (left). On the right is Michael Buerk, former BBC journalist and host for the evening.

Commenting on the award, Mr Pierre Imhof, CEO of Baiduri Bank said, “We, at Baiduri Bank, once again are deeply honored to have been selected for this award this year.  Winning this world famous and longest running international banking title bears testament to the strong management, sound business model and prudent risk approach employed by Baiduri Bank.  I would like to thank our customers, employees and shareholders for their confidence and support without which we would not have progressed to become the award-winning bank we are today”.

Currently in their 12th year, The Banker awards attracted interest from all over the world, with awards for the best bank given in 147 countries.  Banks must submit a formal entry and provide the judges with key data and information.

The global judging team reflects not only on the latest results, growth rates and performance data over the period but also analyses all available material examining technology, acquisition and key strategic developments. The award for a single bank in each country is for the best overall performance in the previous period incorporating performance criteria, qualitative achievements and strategic initiatives.

Winners at The Banker Awards each received a prestigious Bracken award, named after Brendan Bracken, the founding-editor of The Banker, and a certificate of merit.