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Baiduri Bank Group Hosts Deepavali 2017 Dinner At The Empire Hotel & Country Club
17th November 2017

Bandar Seri Begawan, 17 November 2017 – In celebration of Deepavali, the Festival of Lights, the Baiduri Bank Group tonight hosted a dinner for its loyal customers and business partners at the Indera Samudra Grand Hall, The Empire Hotel & Country Club, Jerudong.

In attendance as the Guest of Honour was Her Excellency Mrs Nagma M. Mallick, High-Commisioner of India to Brunei Darussalam.

The evening began with a semi classical dance performance followed by a welcoming address by Mr. Pierre Imhof, CEO of Baiduri Bank and a speech by H.E. Nagma M. Mallick.

In his welcoming address, Mr. Pierre Imhof outlined the major progresses and achievements of the Baiduri Bank Group over the years. Among them, he mentioned the acquisition of other banks portfolios over the last 2 years. “With our high level of liquidity, we intend to pursue more business opportunities and finance more businesses, projects and individuals.”

“These acquisitions have given us an opportunity to strengthen our core businesses in a big way, in line with our long term strategy of playing a leading role in the development of Brunei’s financial sector.”

He also went on to say, “We will continue to invest in our business as we believe in the future of Brunei’s financial industry. We have recently relocated our Serusop and Sengkurong branches to more modern premises with a wider range of facilities in an effort to better serve our customers.”

He further elaborated that Baiduri has been maintaining a strong credit rating. “Standard and Poor’s recently upgraded our rating to BBB+/A-2 with stable outlook in August.”

Mr. Pierre Imhof ended his welcoming remarks by expressing his appreciation and thanks to the guests for their support and continued confidence over the years.

The Baiduri Bank Group has continued to receive major international banking awards, bearing testament to its strong performance amid challenging times. This year alone, Baiduri had received three major banking awards - the Domestic Retail Bank for Brunei 2017 from the Asian Banking and Finance magazine; the Best Banking Group for Brunei 2017 from World Finance magazine and The World’s Bank 2017 for Brunei by Global Finance.

Regarding the future outlook of Baiduri Bank, Mr. Pierre Imhof stated, “Though we believe the business environment will continue to face challenges, we shall continue to focus on improving our customer service capabilities and widen our product range.”

Following the welcome remarks, a video was shown highlighting some of the events and activities that the bank had taken part in over the last year.

Throughout the evening, guests were treated to a variety of song and dance performances by local artists. The night culminated in the presentation of lucky draw prizes by Mr. Pierre Imhof.

Around 500 customers and associates from the local Indian community were present at the event. The large gathering of guests included prominent Indian business leaders and professionals working in Brunei as well as loyal customers and partners of Baiduri Bank.

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