Statement from Chairman

Alhamdulillah, as BIBD has been appointed as Chairman of BAB for 2022 and 2023, we look forward to working closely with member banks to support the vision of His Majesty’s Government to bring about a strong and sustainable banking industry in Brunei Darussalam.

We note that one of the aspirations outlined in the Brunei Economic Blueprint in order to achieve Goal 3 of the Wawasan Brunei (Brunei Vision) 2035 is the presence of vibrant and productive businesses who are able to compete and grow in new markets and opportunities by leveraging on technology and innovation. We believe that collectively member banks can lend their expertise and know-how to further develop the economy and ultimately achieve the Blueprint’s aspirations.

BAB members are also committed to become strategic partners with the relevant stakeholders to assist our nation’s economic diversification efforts and move away from over reliance on the oil and gas sector.

BAB members are fully supportive of the Brunei Government initiatives in the area of sustainability and will continue to take a leadership role in promoting and accomplishing global sustainable development goals. BAB members are also supportive of the Brunei Government digitalisation strategy roadmap and will ensure that the banking industry will be agile and ready to embark on the transformation journey of our economic landscape that aligns with the Smart Nation 2025 agenda.

BAB members fully understand that the people of Brunei are the country’s most valuable asset in driving economic growth. Therefore, we will continue to develop and expand a large local talent pool by providing continuous learning and development opportunities to identify local professionals who are able to take senior leadership roles within the respective member banks.

In Shaa Allah, we will continue to invest in the right technology and infrastructure that will allow for the creation of excellent solutions that will serve to benefit our public and private clients.

On behalf of the member banks, I would like to take this opportunity to thank BDCB for their continuous support in giving guidance, assistance in order to make sure member banks operate efficiently, implement effective risk management, control and compliance, and comply to all the banking rules and regulations provided by BDCB.

We look forward to continuous dialogue and we are here to serve all stakeholders including the regulators, government stakeholders, shareholders, clients and the employees of the bank.