Baiduri Bank has been named the ‘Bank of the Year 2024’ by The Banker, a prestigious publication by the Financial Times, UK. This recognition marks the 16th time the Bank has received this distinguished accolade, further cementing its position as a leader in Brunei’s banking industry and a catalyst for innovation and progress.

The award is a fitting conclusion to a landmark year for Baiduri Bank as it celebrates its 30th anniversary—a milestone reflecting three decades of growth, innovation, and service to the community.

Commenting on the award, Ti Eng Hui, Chief Executive Officer of Baiduri Bank, said:
"This award is a tremendous honour and a meaningful way to close our 30th anniversary year. It represents not only the strength of our fundamentals and sound business strategy but also the dedication of our employees, customers, and stakeholders who have been with us throughout this journey. As we reflect on 30 years of achievements, we remain inspired to build on this legacy of excellence and set new benchmarks for the future."

According to The Banker, “Baiduri Bank has demonstrated exceptional growth and strategic vision over the past year, achieving a significant increase in profits alongside improved operational efficiency. These achievements reflect the Bank’s robust financial performance and its ongoing efforts to optimise resources while delivering value to its stakeholders.”

The publication lauded the Bank’s restructuring initiatives across its treasury, retail, and corporate banking divisions, as well as its key role in financing national strategic and foreign direct investment projects. The Bank’s technological advancements were also highlighted by The Banker, including the launch of a corporate lending platform in collaboration with Fidelity Information Services and its partnership with Singapore-based finbots.ai to implement creditX, an AI-driven credit risk management solution.

Baiduri Bank’s contributions extended beyond its financial achievements. Collaborating with a local company, the Bank introduced Maribali, an e-marketplace designed to support micro, small, and medium-sized enterprises (MSMEs). The platform provides secure online selling capabilities alongside access to tailored business banking services. This initiative underscores the Bank’s commitment to fostering economic growth and empowering local communities.

In addition to being named ‘Bank of the Year 2024’ by The Banker, Baiduri Bank has received several other notable awards and achieved significant milestones this year: