Baiduri Bank successfully maintained its issuer credit rating of A-/A-2 with Stable Outlook from Standard & Poor’s (S&P) Global Rating. This achievement marks the third consecutive year where the Bank achieved an A- rating, highlighting Baiduri Bank’s robust financial health, stable outlook, and continued resilience amidst an evolving economic landscape.

Ti Eng Hui, Chief Executive Officer of Baiduri Bank, stated, “This rating reflects Baiduri Bank’s strong market position and financial health. Our effective capital management, well-established deposit base, and systemic importance demonstrate our continuous commitment to financial stability and growth. We are dedicated to delivering exceptional value to our customers and stakeholders and contributing to Brunei’s economic development.”

According to S&P, the long-term credit rating is two notches higher than the bank’s stand-alone credit profile, which can be attributed to robust capitalization supported by a track record of good profitability and dynamic capital management. The rating reflects S&P’s expectation that the bank will maintain its sound business stability and franchise, having the second-largest branch and ATM network in the country.

Bolstered by a comprehensive customer base and a growing corporate loan portfolio, Baiduri Bank is leading the market with its robust capitalization, with a risk-adjusted capital (RAC) ratio projected to remain stable between 17.1% and 18.0% over the next two years. This strong capital buffer is maintained through sound profitability and effective capital management, ensuring the bank’s capacity to support sustainable growth.

The report further emphasised Baiduri Bank’s stable funding and liquidity profile. The bank benefits from a well-established deposit base, with a significant proportion of low-cost current and savings accounts (CASA). Its liquidity coverage ratio remains well above 100%, reflecting a strong liquidity position that supports ongoing operations and growth.

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