BIBD bags Best Retail Bank award for fourth consecutive year

National 1 minute, 10 seconds

BIBD was named the Best Retail Bank in Brunei for the year 2016 by The Asian Banker (TAB), retaining the prestigious accolade for a fourth consecutive year from the region’s leading financial services research, benchmarking and intelligence consultancy.

The awards ceremony took place at TAB’s Annual Excellence in Retail Financial Services Convention, held recently at the W Hotel in Hong Kong.

Present to receive the prestigious award on behalf of the bank was Deputy Head of Retail Banking Hjh Nurul Akmar Hj Mohd Jaafar.

BIBD Managing Director Mubashar Khokhar said BIBD is thankful to all its loyal customers for allowing BIBD to serve their needs. “At the same time BIBD is both honoured and humbled to be recognised as the best retail bank in Brunei for the fourth year running. This landmark serves as a testament for all the efforts in place towards becoming the first choice for our customers.”

He also noted that the award serves as a reminder for the bank to ensure that they continue delivering the best banking experience for their customers, to help them achieve their own aspirations.

The Asian Banker commended BIBD’s increasing share in consumer finance despite a challenging market.

“Despite the downward trend in overall profitability of the banking system, assets, and deposits in Brunei, BIBD still found room to grow, while maintaining a lower delinquency ratio compared to its peers.”

The Brunei Times