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2019 Press Releases
Baiduri Bank Signs MOU With Moody's Analytics For Employee E-Learning Programme
25 November 2019

Bandar Seri Begawan, 25 November 2019 Baiduri Bank, Brunei’s largest conventional Bank, today signed a Memorandum of Understanding (MOU) with Moody’s Analytics for the provision of a structured e-learning solution for its personnel working in Retail Banking, Corporate Banking, Wealth Management and Trade Finance Services. The signing event was held at Baiduri Bank Headquarters in Kiarong.

The agreement is the first of its kind for a local bank. Under the three-year contract, Moody’s Analytics will provide professional on-demand online training for Baiduri Bank’s personnel that is designed to help them improve their core and specialist lending skills through a range of courses that focusses not only on technical skills, but also on softer skills such as building relationships and sales techniques. Through this training platform, the Bank hopes to broaden the knowledge and skills of its personnel with the aim to attain globally recognized financial services standards.

The entire curriculum will be conducted online and hosted on Moody’s award-winning Learning Management System. Baiduri Bank personnel will be able to access these courses at their own pace and time. This will allow for a steady progression of self-paced e-learning through virtual classrooms and workshops catered to each personnel’s individual learning style.

The Bank’s Corporate Banking personnel, specifically, will undergo a 60-hour course that will culminate in an exam that assesses their knowledge and practical application. Upon successful completion, they will be awarded Moody’s Certificate in Commercial Credit (CICC) - the highest certified level of competence in credit analysis and loan decision making for bankers.

Signing on behalf of Baiduri Bank was Mr Ti Eng Hui, CEO of the Bank and witnessed by Ms Veronica Chong, Head of Group Human Resources and Administration. Mr Wael Jadallah, Managing Director of APAC Sales at Moody’s Analytics signed the agreement on the company’s behalf, witnessed by Ms Mya Hansrani, Associate Director, Learning Solutions.

Mr Ti said: “The banking industry all over the world is a continuously evolving marketplace and with it, comes new challenges to those working in it. At Baiduri Bank, we believe in a culture of continuous learning. Hence, we have partnered with Moody’s Analytics to leverage on their highly acclaimed professional training platform to help our staff upgrade their knowledge and skills.”

“Through this robust training framework, Baiduri Bank hopes that the specific needs of our personnel can be addressed, and this will help us build a highly competent and risk aware culture in our workforce”, added Mr Ti.

Meanwhile Mr Jadallah said: “We are delighted to work with Baiduri Bank to build the knowledge and capabilities of their workforce across multiple divisions. Our eLearning courses are designed to set the global standard in financial services education, promote efficiency, and enable professionals to make better, faster decisions.”

Moody’s Analytics is a subsidiary of Moody’s Corporation - one of the world’s leading providers of credit ratings, research, tools and analysis in the global financial markets. The company focuses on providing training as well as economic research regarding risk, performance and financial modeling, as well as consulting and software services.

Also present at the signing event was Pengiran Azaleen bin Pengiran Dato Paduka Haji Mustapha, the Deputy CEO of Baiduri Bank as well as other senior executives from the Baiduri Bank Group.

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