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BAIDURI BANK AWARDED "BEST BANKING GROUP" FOR SECOND CONSECUTIVE YEAR
29th June 2010
 
Bandar Seri Begawan, 29th June 2010.   An independent world study conducted by World Finance, a renowned global financial magazine, has again recognized Baiduri Bank Group as the “Best Banking Group in Brunei” at their 2010 World Finance Awards.  This is the second time that Baiduri Bank has been selected for this award.

Mr Pierre Imhof, General Manager and Mr Ti Eng Hui, Deputy General Manager, Retail Banking and Branch Network of Baiduri Bank received the award in the form of a crystal obelisk from Mr Hywel Jones, World Finance’s broadcast editor and formerly of the British Broadcasting Corporation (BBC) at Baiduri Bank’s head office in Kiarong recently.

Following the award presentation, Mr Imhof was interviewed by Mr Jones on the development of Baiduri Bank over the past 16 years.  Other topics discussed included Baiduri Bank’s contribution in the development and growth of the local economy, the level of competition in the financial industry in Brunei, and the role of the regulatory environment in facilitating the growth of the Brunei banking industry.  Excerpts of the interview can be viewed on World Finance website, www.worldfinance.com and Baiduri Bank’s website www.baiduri.com.

Included in this year’s award list are other major Asian banking groups such as China Merchants Bank, China; Dah Sing Financial Group, Hong Kong; Public Bank Berhad, Malaysia; Bank of the Philippines Island, Philippines; Citibank Singapore Ltd, Singapore and PT Bank Danamon, Indonesia.

The World Finance award selection panel has used a wide range of criteria to reach its decision over its 2010 awards, lending a critical eye of a collective 175 years of business journalism to the exhaustive information gathered by the award body’s research team.  Some of the more important factors included: customer solutions and relationship optimization, innovation and flexibility, keeping ahead of the competition, market leadership and geographical spread, proof of development and positive media coverage.

World Finance magazine is published by World News Media, from its headquarters in London.  The magazine provides readers with regular updated news collected from trusted media organizations such as Reuters and Financial News and is distributed to 120,000 key decision-makers around the world representing multi-national institutions, heads of banks and government treasury departments.

In 2009, Baiduri Bank became the first Brunei bank to have received this prestigious award.  This latest award adds to the long list of awards received by the Bank in recent years.   These include the Bank of the Year Brunei award from The Banker magazine, UK, in 2002, 2003, 2004, 2006, 2007 and 2008. The Bank also won in the Marketing, PR or Brand Management Project category of the Asian Banking Awards consecutively in 2004 and 2005.  In February 2008, Baiduri Bank received a Special Citation for FAST, the revolutionary mobile suite of services at the Financial Insights Innovation Awards.
 
Baiduri Bank General Manager, Pierre Imhof (middle) and the Bank’s Deputy General Manager Retail Banking & Branch Network, Ti Eng Hui (right) holding the crystal obelisk they received from Hywel Jones, Broadcast Editor of World Finance (left).
 
 
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