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13 February 2006

Baiduri Bank today launches the Savings and Investment Week at all its branches across the country. This week-long event, starting from 13th to 18th February, is launched with the objective of encouraging savings as well as investment, which contributes to wealth creation for the customers.

During the week, Baiduri Bank will be promoting a range of savings and investment products, targeted at the financial needs and objectives of individual customers. These include the Baiduri Twin Currency Deposit, a foreign-exchange linked time deposit that offers significantly higher interest rate than conventional Brunei Dollars fixed deposits. Existing customers may invest in the Baiduri Twin Currency Deposit with a starting amount of BND25,000, and enjoy up to 12% p.a. interest on their investment. With a maximum tenure of just one month, this is also an investment with high liquidity.

“As a trusted financial partner, Baiduri Bank is constantly seeking to provide our valued customers with a wider range of world-class products and services, leveraging on our international expertise, local knowledge and partnerships with leading financial institutions and investment specialists in the region,” said Mr Pierre Imhof, General Manager of Baiduri Bank.

“We believe a growing group of our affluent customers will benefit from quality investment products. We work with reputable financial institutions such as DBS Singapore, Société Générale Asset Management (SGAM) and BNP Paribas Asset Management to offer investment products which are carefully selected according to the needs and risk profile of the Bruneian investors. With an excellent proposition and access to the depth and breadth of expertise within our network of strategic alliances, we are confident that we can help our customers grow and preserve their wealth,” said Mr Imhof.

For more details on the Savings and Investment Week, customers may contact any Baiduri Bank branch.

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