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.
Welcoming Statement by the Chairman, Brunei Association of Banks (BAB)
It is an honour and privilege to assume the role of Chairman of the Brunei Association of Banks (BAB). I look forward to working closely with our member banks, regulators, and stakeholders as we continue to strengthen Brunei Darussalam’s banking sector and contribute meaningfully towards the nation’s economic development and the aspirations of Wawasan Brunei 2035.
The banking industry plays a pivotal role in supporting economic resilience, financial stability, and sustainable growth. As an association, BAB remains committed to fostering strong collaboration among its members and maintaining close engagement with the Brunei Darussalam Central Bank (BDCB) and our regional as well as international counterparts to address evolving industry challenges and opportunities.
A key priority for the association will be to continue supporting initiatives that enhance the nation’s digital financial ecosystem, including the ongoing advancement of the National Payment Gateway. The successful implementation of this important initiative will further strengthen payment interoperability, improve customer convenience, and support Brunei Darussalam’s broader digital transformation agenda under the Digital Economy Masterplan 2025 and the BDCB Digital Payment Roadmap.
In an increasingly dynamic financial landscape, innovation, expectation for future relevance remains essential. BAB will continue to encourage and facilitate the development and improvement of the business eco system by diversification of banking products and services that are customer-centric, accessible, and responsive to changing market needs. Through innovation and collaboration, we can better support businesses, entrepreneurs, and individuals while promoting greater financial inclusion across the country.
The association also recognises the important role of the banking sector in facilitating Foreign Direct Investment (FDI) and enabling economic diversification. By providing efficient banking solutions and strengthening regional and international connectivity, our member banks can help
create a conducive environment for investment and contribute to Brunei Darussalam’s long-term economic competitiveness.
Equally important is our commitment to developing local talent within the banking and financial services sector. BAB will continue to support initiatives focused on professional development, capability building, and knowledge sharing to nurture a highly skilled, future ready workforce
capable of meeting the demands of an increasingly digital and interconnected economy.
As we move forward, I am confident that through partnership, innovation, and a shared commitment to excellence, the Brunei banking industry will continue to play a significant role in supporting national progress and delivering value to the communities we serve.
I look forward to working with all our stakeholders as we build on our collective achievements and shape a resilient, inclusive, and sustainable future for Brunei Darussalam’s banking sector.
HAJI MOHAMMAD YUSRI BIN HAJI WAHSALFELAH
Chairman
The Brunei Association of Banks
Office Bearers
Haji Mohammad Yusri bin Haji Wahsalfelah
Bank Islam Brunei Darussalam Berhad
Mohd Shamsul Irwan bin Ab Wahab
RHB Bank Berhad
Pengiran Aki Ismasufian bin Pengiran Haji Ibrahim
Standard Chartered Bank
Executive Members
Mr Ti Eng Hui
Baiduri Bank Sendirian Berhad
Dr Li Feng
Bank of China (Hong Kong) Brunei Branch
Bobby Sia Hui Hin
Malayan Banking Berhad
Ms. Tang Wan Ing
United Overseas Bank Limited
Observers
binti Haji Ibrahim
Perbadanan Tabung Amanah Islam Brunei
State Street (Brunei) Sdn Bhd
Bank Usahawan Berhad
Dynamic & Diversified Financial Sector
Pillar I
Pillar II
Pillar III
Pillar IV
Pillar V
A membership under the Permanent Committee on Cooperation in Finance, Investment, Trade and Technology (COFITT) chaired by The Association of Banks in Singapore.
