Milestone achievement for Baiduri Bank

Baiduri Financial institution was feted on the Euromoney Awards for Excellence 2022 when it was recognised because the Greatest Financial institution in Brunei by United Kingdom (UK)-based monetary publication Euromoney.

Baiduri Financial institution CEO Ti Eng Hui mentioned, “We’re humbled to be named Brunei’s Greatest Financial institution by Euromoney.

“That is additionally the primary time any financial institution in Brunei was recognised on the Euromoney Awards for Excellence. As an inaugural nation winner, we’re honoured to characterize Brunei.”

Yang Amat Mulia Pengiran Muda Dr Abdul Fattaah, Chairman of Baiduri Financial institution, and member of Baiduri Financial institution’s Board of Administrators Dato Paduka Timothy Ong Teck Mong had been additionally current.

Baiduri Financial institution achieved sturdy monetary development in 2021 regardless of the difficult international financial atmosphere because of the pandemic. The financial institution reported a document web revenue of BND58.5 million, a 3 per cent improve over 2020 and effectively above the trade common.

Talking on the award win, Ti mentioned that the achievement was earned by the financial institution’s steady deal with reaching its strategic goals.

Recognising the necessity for an accelerated shift to digital in gentle of the second wave of the pandemic in August 2021, the financial institution intensified its efforts in client schooling utilizing a variety of on-line and offline channels. The financial institution additionally supplied various contactless channels for providers together with on-line appointment bookings and video consultations.

Persevering with the digital drive from a enterprise perspective, the financial institution supported companies and particular person affected by the COVID-19 outbreak by monetary reduction measures.

“We additionally labored with the Ministry of Finance and Economic system to facilitate donations from the general public which had been channelled to the COVID-19 Aid Fund.”

Different elements resulting in the win included a extra sturdy company social duty (CSR) programme with the introduction of three CSR pillars – Social, Financial and Setting.

Ti mentioned, “On high of recalibrating our CSR technique in step with our mission to counterpoint, interact and empower the communities we serve, these pillars will additional sharpen our focus and align extra carefully to our sustainability agenda.”