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21st March 2015

Bandar Seri Begawan, 21 March 2015 – In celebration of Chinese New Year 2015, Baiduri Bank Group hosted a lavish eight-course dinner at Indera Samudra Grand Hall, The Empire Hotel & Country Club earlier this evening for 1,500 guests who are based in the Brunei-Muara and Tutong districts.

Distinguished guests who attended the dinner comprised of foreign dignitaries, prominent businessmen, customers, business partners and associates of the Group. Also in attendance were the management committee and senior executives of the Group.

The evening's festivities began with a cultural performance by students of Chung Hwa Middle School BSB and an opening remark by Mr. Pierre Imhof, CEO of Baiduri Bank who welcomed guests and highlighted the major progresses and achievements of the Bank Group during the past year.

In 2014, Baiduri Bank achieved three major banking awards – Domestic Retail Bank for Brunei 2014 for the second time from the Asian Banking and Finance; Best Banking Group for Brunei 2014 for the sixth time from World Finance; Brunei's Safest Bank 2014 from Global Finance, New York.

Baiduri Bank is also the only bank in Brunei to have received Standard & Poor's credit rating of BBB+/A-2, the only bank in Brunei to have been rated by an international rating agency.

Mr. Imhof said, "Despite a more challenging business environment, Baiduri Bank Group was still able to grow its business in 2014 and recorded satisfactory results. These results were achieved, thanks to the good performance of both Baiduri Bank and Baiduri Finance. And, Baiduri Finance remains the market leader in automobile financing in Brunei, with more than 60% share of the market.”

"We continued to upgrade our premises and facilities, and developed new products and services in our efforts to deliver a high level of service to you, our customers. We have done a lot, including being the first bank in Brunei to receive the PCI-DSS certification – a payment card industry standard for processing, transmitting and storing cardholder data to safeguard customer information in December 2014; and the set up of Baiduri Capital – a wholly owned subsidiary of Baiduri Bank to pave the way for introduction of Securities trading business,” added Mr. Imhof.

Though it is believed that 2015 will continue to be a challenging year for the business environment as oil and gas prices are expected to remain low for some time, Mr. Imhof remained optimistic that there are opportunities for businesses and Baiduri Bank Group to grow and concluded his remark by thanking guests for the support given in the past year and for their presence today.

During the dinner, four schools from Brunei-Muara District received donations from Baiduri Bank Group to provide financial assistance to underprivileged students in their schools. The donations were presented by Mr. Imhof and were received by St. Andrew's School, St. George's School, Chung Hwa Middle School BSB, and Seria Mulia Sarjana School BSB.

Guests were entertained throughout the night with a line up of local performances and lucky draw prizes. The night concluded with a best wishes toast to guests from the management of Baiduri Bank Group. A similar event was held in Pusat Insani, Seria yesterday for customers in the Belait district.

CEO with guests and Yang Berhormat Pehin Kapitan Lela DiRaja Dato Paduka Goh King Chin &
spouse at Baiduri CNY Event held at Indera Samudra Grand Hall, The Empire Hotel & Country Club

CEO delivering his welcoming remarks at Baiduri CNY Event held at Indera Samudra Grand Hall, The Empire Hotel & Country Club

CEO with school representatives at Baiduri CNY Event held at Indera Samudra Grand Hall, The Empire Hotel & Country Club

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