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GLOBAL FINANCE NAMES BAIDURI BANK THE SAFEST BANK IN BRUNEI 2015
9 November 2015
Bandar Seri Begawan, 9 November 2015 – Baiduri Bank has been named "The Safest Bank in Brunei 2015" by leading international finance magazine, Global Finance for the second consecutive year.

Every year, Global Finance regularly selects the top performers among banks and other providers of financial services based on established criteria. Global Finance is an international banking and finance magazine headquartered in New York. Banks were selected through an evaluation of long-term foreign currency ratings – from Moody's, Standard & Poor’s and Fitch – and total assets of the 1000 largest banks worldwide.

The magazine's annual ranking of World's Safest Banks has become the recognized and trusted standards of financial counterparty safety for more than 20 years.

Global Finance publisher and editorial director Joseph D. Giarraputo, in a press release said "Banks around the world face increasingly tough market landscapes - and must dedicate an increasing amount of their time and resources to managing risk and staying compliant. Those banks that do so successfully have the chance to redefine their relationship with clients," adding, "Global Finance's Safest Banks by Country ranking provides companies and investors with an objective tool for benchmarking and analysis on a country-by-country basis".

Commenting on this latest recognition, Mr Pierre Imhof, CEO of Baiduri Bank said, "This award is another testament to the Bank’s strong business performance and risk management. It is also a strong recognition of the tremendous effort put in over the years to strengthen the equity and balance sheet of the Bank."

This award marks the fourth international recognition that Baiduri Bank has received this year. Others include  "Domestic Retail Bank of the Year for Brunei 2015" for the third consecutive year and "Mobile Banking Initiative of the Year for Brunei 2015" for the first time by the Asian Banking and Finance Magazine; and "Best Banking Group Brunei 2015" by World Finance Magazine.  In April 2014, The Bank received an impressing rating of ‘BBB+/A-2' from Standard & Poor’s which was reaffirmed in March and September 2015.

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Baiduri Bank The Safest Bank In Brunei 2015
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