Baiduri Bank has been recognised as the Best Bank in Brunei by Euromoney, marking the third consecutive year the Bank has received this prestigious honour.
Ti Eng Hui, CEO of Baiduri Bank, attended the awards ceremony, which was held recently at The Westin, Singapore, as part of the Euromoney Awards for Excellence 2024. Also present at the event were Leonard Lee, Head of Corporate Banking and Trade Finance; Ak Nor Muhammad Nizam Pg Hj Tengah, Head of Institutional Banking, and Ng Yick Wei, Head of Group Strategic Marketing and Communications.
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, Baiduri Bank recorded notable growth across its core businesses, with significant contributions from Treasury, Retail, and Corporate Banking. These 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, further reinforcing its position as a key player in Brunei’s banking sector.
Baiduri Bank continues to lead in digital innovation, becoming the first in Brunei to adopt AI-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.
The Bank also introduced Baiduri Qpay, a digital wallet for UnionPay debit cardholders, and launched Maribali, an e-marketplace supporting local MSMEs. Both initiatives align with Brunei’s Digital Economy Masterplan 2025, demonstrating Baiduri Bank’s ongoing commitment to driving local economic growth.
Ti Eng Hui, Chief Executive Officer of Baiduri Bank, said, “We are deeply honoured to receive the Euromoney Best Bank in Brunei award for the third year in a row. This recognition reflects the dedication of our team and our ongoing commitment to delivering exceptional banking experiences. As we look ahead, we will continue to focus on innovation, sustainability, and engaging with our community.”
As Baiduri Bank celebrates its 30th anniversary, this award highlights yet another milestone in its ongoing journey to empower individuals and businesses to achieve financial success in Brunei.
For more information on Baiduri Bank Group’s products, services, and promotion campaigns, visit our website at
www.baiduri.com, follow Baiduri Bank Group on social media, visit the nearest branch, or call our 24/7 customer helpline at 244 9666.
