2002 Press Releases 2003 Press Releases 2004 Press Releases 2005 Press Releases
2006 Press Releases 2007 Press Releases 2008 Press Releases 2009 Press Releases
2010 Press Releases 2011 Press Releases 2012 Press Releases 2013 Press Releases
2014 Press Releases 2015 Press Releases 2016 Press Releases 2017 Press Releases
2018 Press Releases 2019 Press Releases 2020 Press Releases
 
BAIDURI BANK GROUP HOSTS CHINESE NEW YEAR DINNER IN KUALA BELAIT
27 February 2009
 
Kuala Belait -  In celebration of the Chinese Lunar New Year, Baiduri Bank Group today hosted a sumptuous dinner for its customers and business partners based in Seria and Kuala Belait.  The event was held at the Chung Hwa Middle School Auditorium, Kuala Belait and close to 500 guests attended.

The evening began with Mr Pierre Imhof, General Manager of Baiduri Bank giving the welcome address.  He highlighted the major events that have shaped Baiduri Bank Group during the past year.

Mr Imhof began by touching on the effects the global economic situation had on Brunei.   It started as a financial crisis due to sub-prime exposure in the U.S.  Then all financial markets lost confidence in the banking system. Some financial institutions collapsed, while others survived just because they have been secured by their governments.  The crisis deepened in the recent months into a global economic recession.

"“It is a situation similar to what happened in the 30’s which will continue throughout 2009”, he added, saying, “Though to a much lesser extent, Brunei has been affected by the huge drop in oil prices".

Mr Imhof also touched on Baiduri Bank Group’s financial results last year.  Despite the economic situation, the Group was still able to grow its business and achieved satisfactory net profit.  Both Baiduri Bank and Baiduri Finance have performed better in 2008 than in 2007, in terms of net income and net profit after tax which grew by more than 20%.

Mr Imhof further shared with the guests on the development in human resources within the Bank, adding that when the Bank first opened its doors in July 1994, it had just twelve people but through progression through the years, the staff force has grown to around 500 today.

At the dinner, two schools received donations from Baiduri Bank to provide financial assistance to underprivileged students. The donations were presented by Mr Imhof to the principals of the schools, Mr Wong Hoi Hwa of Chung Lian School, Sungai Liang and Mr Chin Kim Min of Chung Ching Middle School, Seria.

Entertainment for the guests were provided by a well known performer from Malaysia, Datuk Leonard Tan and artistes from Malaysia to the theme of the night titled "Golden Moments".

A similar function will be held at Songket Ballroom, The Rizqun International Hotel, The Mall, Gadong on 28th February 2009 for customers and business associates based in Brunei-Muara and Tutong districts.
 
 
Baiduri Bank © 2020 All rights reserved.