From 1 April 2024, we have implemented new updates to our Privacy Policy
23 August 2023

In July 2023, Baiduri Bank maintained its issuer credit rating of A-/A-2 with Stable Outlook from Standard & Poor’s (S&P) Global Rating. This achievement marks the second year running where the Bank achieved an A- rating.

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 a strong banking position in the country based on its capital management and steady earnings. The rating reflects S&P’s expectation that the Bank will maintain its sound business stability and franchise, maintaining about 20% of the banking system’s deposits and having the second-largest branch and ATM network in the country.

S&P also cited that the Bank’s retail business is likely to grow on the back of digitalisation of customer onboarding and servicing, as well as the development of wealth management and insurance products.

According to Ti Eng Hui, CEO of Baiduri Bank, “We have a professional management team that focuses on corporate banking, retail banking, consumer financing and securities trading and investments. Through our combined expertise and extensive local market knowledge, we are able to strengthen our competitive standing in the country.”

S&P anticipates that the Bank will see credit growth of 4% to 5% over the next 12 to 18 months which is likely to come from wholesale customers as the government looks to boost the economy and support local firms through contracts from GLCs, FDI projects, energy sector and infrastructure development.

Standard & Poor’s are the world’s leading provider of credit ratings. With more than 1 million credit ratings on government, corporate, financial sector and structured finance entities and securities, S&P ratings are essential to driving growth, providing transparency and helping educate market participants so they can make decisions with confidence.

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Important update
19 September 2023

We would like to inform you that with effect from 31 October 2023, Business i-Banking service will no longer be operational, and this will be replaced with our new Baiduri b.Digital Business service.

If your company has not transitioned to b.Digital Business, please ensure that every existing user provides the following by 8 October 2023 through the Business i-Banking Inbox:
  • User’s full name
  • User’s valid Identification Card (IC) or Passport
  • User’s mobile number
  • User's company assigned email address (General company email is not accepted e.g., [email protected])

Alternatively, you can complete the b.Digital Business Amendment Form and submit the form(s) directly to Baiduri Digital Hub, Ground Level, Baiduri Bank Headquarters.

Every user will receive a notification email at their registered email address, once they have been migrated and activated on the b.Digital Business service.

Companies who have not moved to b.Digital Business after 31 October 2023 can re-apply as a new subscriber to the b.Digital Business service. This will require additional documentations to be submitted as part of the application. Refer “Required Documents” here.

Important notice: Our Business i-Banking service will be deactivated soon. To ensure continued access and a smooth transition to the new Baiduri b.Digital Business, please provide your full name, IC, email address and mobile number via Business i-Banking Inbox. If we do not receive updated details from all authorised users, your company will not be migrated to the new platform and a fresh application will be required. For assistance, contact us at [email protected] or call 2268 637/8/9 during business hours. Thank you for your cooperation.

To strengthen our online security measures, effective 8 January 2024, we will introduce the cooling period feature on our Baiduri b.Digital Personal web and mobile app to prevent unauthorised access.

Click here for more information.

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