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23rd June 2017

Bandar Seri Begawan, 23 June 2017 - Baiduri Bank has been recognised by Global Finance as one of the world’s Best Banks in Asia-Pacific 2017 for Brunei. This marks the fourth award Baiduri Bank has received from Global Finance. The award will be presented to Baiduri Bank at Global Finance’s World’s Best Banks 2017 Awards Ceremony at the National Press Club in Washington DC on 14 October 2017.

According to Joseph D. Giarraputo, publisher and editorial director of Global Finance, “Global Finance’s annual Best Bank Awards celebrate financial institutions that excel at delivering customers the services and products tailored to meet their unique needs. These banks may not be the biggest or oldest, but their energy and adaptability make them stand out in the field.”

The magazine’s annual ranking of the World’s Best Banks have become a trusted standard of excellence for the global financial community.

All selections were made by the editors of Global Finance after extensive consultations with corporate financial executives, bankers and banking consultants, and analysts throughout the world. In selecting these top banks, Global Finance considered factors that range from the quantitative objective to the informed subjective. In addition, a poll of Global Finance’s corporate readership was conducted in order to increase the accuracy and reliability of the results.

Banks were invited to submit entries supporting their selection. Objective criteria considered included: growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products. Subjective criteria included the opinions of equity analysts, credit rating analysts, banking consultants and others involved in the industry.

According to a press release from Global Finance, the winners of this year’s awards are those banks that attended carefully to their customers’ needs in difficult markets and accomplished better results while laying the foundations for future success.

Pierre Imhof, CEO of Baiduri Bank said, “Since 2013, Global Finance has recognised Baiduri Bank’s accomplishments over the past four years as evidence by the Safest Bank award in 2014 and 2015 as well as the World’s Best Emerging Markets Banks in Asia-Pacific in 2016. To be named the Best Bank in Brunei 2017 is testimony to our continuously strong financial performance and innovation in products and services.”

This is the thirtieth year that Global Finance has been in publication and the twenty-fourth year that the magazine has selected top banking performers in emerging markets. The survey awards winners in Africa, Asia-Pacific, Central and Eastern Europe, Latin America and Middle East.

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