Baiduri Bank has received continued recognition of its financial strength and institutional resilience following the reaffirmation of its long-term and short-term issuer credit ratings of ‘A-/A-2’ with a Stable Outlook by S&P Global Ratings.
According to the report, Baiduri Bank’s rating reflects its dominant retail franchise, very strong capital position, stable profitability, and high systemic importance within Brunei Darussalam’s banking sector. The outlook remains stable, with the rating agency expecting the Bank to maintain its robust capital buffers and strong funding base over the next 12 to 24 months.
In its credit rationale, S&P Global Ratings noted that Baiduri Bank's risk-adjusted capital (RAC) ratio remains well above 15%, supported by dynamic capital management, a healthy loan-to-deposit ratio, and strong liquidity. The Bank’s consistent performance, with a return on average assets (ROAA) averaging 1.75% over 2020–2024, and its low-cost deposit base were also cited as key strengths.
The report also acknowledged Baiduri Bank’s long term strategic direction, with deliberate steps to strengthen its regional presence and diversify its portfolio taken in 2025. The launch of its Singapore Representative Office and the creation of Institutional Banking as a distinct department to spearhead cross-border growth and deepen connectivity across ASEAN markets mean the Bank is well positioned to support large-scale financing needs. These initiatives, along with disciplined risk management and a stable funding base, are expected to underpin the Bank’s profitability, which has remained consistently strong over recent years.
“We are pleased that S&P has once again reaffirmed Baiduri Bank’s rating with a stable outlook,” said Ti Eng Hui, CEO of Baiduri Bank. “This reflects the strength of our fundamentals and our ongoing focus on sound capital management, prudent risk oversight, and sustainable growth. As we expand our reach and explore new opportunities, maintaining a strong financial foundation remains key to delivering long-term value for the communities and stakeholders we serve.”
Baiduri Bank’s capital adequacy ratio, including a Tier 1 capital ratio of 23.6% in 2024, remains well above regulatory requirements. The report also highlighted the Bank’s measured loan growth and ability to maintain liquidity coverage ratios well above global standards.
S&P Global Ratings is a leading provider of independent credit ratings, offering insight into the financial strength and creditworthiness of institutions around the world. Its ratings are widely used by investors, regulators, and financial markets as benchmarks for transparency and stability. The reaffirmed rating follows a year of continued progress for the Bank, including ongoing digital transformation efforts aligned with its ESG framework, the Baiduri Greenprint.
