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11th July 2014

Bandar Seri Begawan, 11 July 2014 – Baiduri Bank announced today that it has won the coveted "Domestic Retail Bank of the Year – Brunei 2014" award for the second consecutive year from the Asian Banking and Finance Magazine. The magazine is one of Asia’s most distinguished publications that reports on an extensive range of financial news across different practices.

Receiving the award on behalf of the Bank was Pengiran Azaleen bin Pengiran Dato Haji Mustapha, Head of Retail Banking and Branch Network. The awards ceremony was held at Marina Bay Sands in Singapore on 10 July 2014.

In his acceptance speech, Pengiran Azaleen said,"Baiduri Bank remains the only bank in Brunei to be recognized with this award. This award mirrors the innovation and creativity behind our growing retail banking business. It also recognizes the bank's achievements and is a testament to the continuous investments in delivering top products and high quality services to our growing number of customers."

This latest award follows an extensive list of recognitions that the bank continues to receive, highlighting its growth story and progress of its local operations, with the most recent achievement being an impressive rating of 'BBB+/A-2'’ with 'stable outlook' from Standard & Poor's.

Since 2007, Asian Banking and Finance (ABF) magazine have been honouring and recognizing the best of the best in the Banking and Finance industry in Asia. It focuses on commercial and retail banking and on securities market from a banking perspective.

Winners were chosen by the following panel of judges: Egidio Zarrela of KPMG; Mohit Mehrotra of Deloitte Consulting, Southeast Asia; Liew Nam Soon of Ernst and Young and Antony Eldridge of PwC.

From left to right: Tim Charlton, Editor in Chief for Asian Banking & Finance Magazine and Pengiran Azaleen bin Pengiran Dato Haji Mustapha, Head of Retail Banking and Branch Network for Baiduri Bank.

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