Bandar Seri Begawan, 13 November 2020 – Baiduri Bank has once again been recognised as the country winner for Brunei in the World’s Best Banks Awards 2020. This award marks Baiduri Bank’s sixth award from Global Finance since 2014.

According to Ti Eng Hui, CEO of Baiduri Bank, “2020 is a very challenging year for all banks and this recognition from Global Finance magazine is testament to Baiduri Bank’s resilient performance, strong balance sheet, prudent risk management practices and the ability to offer most of our services on a digital platform.”

“We have invested heavily in new technologies to provide a better experience for our customers and the public with digital solutions like the b.Digital banking platform.” He further elaborated that the Bank also looked inwards towards building human capital capabilities through digital solutions. “Last year, we signed an MOU with an international financial services provider for the provision of a structured e-learning solution and this is the first of its kind for a Brunei Bank.”

According to a press release by Global Finance, Baiduri Bank has a strong international brand, thanks to collaborations with global and regional banks, and is recognised for innovation, dynamism and consistently strong metrics.

With the Global Finance award, Baiduri Bank has received two international banking awards in 2020. Baiduri Bank was also recognised as the ‘Domestic Retail Bank of the Year’ for Brunei from the Asian Banking & Finance magazine for the eighth consecutive year.

The winners for the World’s Best Banks 2020 were selected by the editors of Global Finance with input from industry analysts, corporate executives and technology experts using information provided by banks and other providers as well as independent research.