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BAIDURI BANK NAMED BANK OF THE YEAR BRUNEI BY THE BANKER MAGAZINE
08 December 2006
 

The Banker magazine, the trusted source of global financial intelligence since 1926, has named Baiduri Bank as 'Bank of The Year Brunei' in its Country Awards for 2006. This is the fourth time Baiduri Bank was conferred this prestigious accolade in five years.

In recognition of its achievement, a Bracken award was presented to the Bank during an award ceremony held at The Dorchester Hotel, Park Lane, London, on 30 November 2006. Mr Pierre Imhof, General Manager of Baiduri Bank, received the award trophy at the ceremony from Mr Stephen Timewell, Editor-in-Chief of The Banker magazine.

A total of 149 winners from 137 countries representing the cream of the global banking community and best achievers in the industry attended the award ceremony.

The Bank of The Year country awards acknowledge banks for the best overall performance in their respective countries. Its global editorial team selected the winners based on an assessment of the latest results, growth rates and performance data over the previous period plus their technological and strategic developments. This year, a total of 419 entries were received from commercial banks in the 137 countries.

According to The Banker magazine, Baiduri Bank won the ‘Bank of the Year Brunei’ award for its good achievements, improved RoE and successful launching of new retail loan products.

In The Banker's December 2006 issue, the publication lauded Baiduri Bank for its initiatives which brought “phenomenal results, with mortgage loan sales doubling in just one year.” The magazine also noted the Bank’s impressive results in the card business through the acquisition of the American Express franchise in Brunei, which significantly increased its merchant base and gave Baiduri Bank the opportunity to further strengthen corporate banking relationships with major merchants in the country.

“We are extremely pleased to be selected as the Bank of the Year Brunei for the fourth time,” said Mr Pierre Imhof. “This accolade is a testimony of our commitment to continuous improvement in all aspects of our operations, our customer focus and our innovative approach to business development, which has enabled us to deliver strong financial performance consistently. This prestigious award is also a tribute to the professionalism, dedication and teamwork of our employees, who strive to provide the best products and services to our customers.

“Moving forward, we will continue to build on our business success by leveraging on advanced technology, expanding our network of strategic partnerships with leading international financial institutions and specialists, as well as enhancing our competitive strengths in wealth management,” added Mr Imhof.

 

 

 

 

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