The BAB achieves this by:
- Acting as a platform for discussion with timely framing of rules to guide member banks.
- Supporting the policies and initiatives set out by Brunei Darussalam Central Bank and other best practices.
- Collaboration with similar bodies and other related stakeholders, both locally and internationally.
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.
The Brunei Association of Banks
Bank Islam Brunei Darussalam Berhad
Chief Executive Officer
Standard Chartered Bank
Senior Vice President &
United Overseas Bank Limited
Mr Ti Eng Hui
Baiduri Bank Berhad
Dr Li Feng
Bank of China, Brunei Branch
Sulaiman bin Isa
Malayan Banking Berhad
Hj Ishak Bin Othman
RHB Bank Berhad
binti Haji Ibrahim
Perbadanan Tabung Amanah Islam Brunei
State Street (Brunei) Sdn Bhd
Bank Usahawan Berhad
Dynamic & Diversified Financial Sector
A membership under the Permanent Committee on Finance, Investment and Trade (COFIT) chaired by the Association of Banks in Singapore