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 Autoriti Monetari Brunei Darussalam and other best practices.
- Collaboration with similar bodies and other related stakeholders, both locally and internationally.
Baiduri Bank is honoured to be appointed as the Chairman of BAB for 2020/2021 for a two year term, and I am excited to work together with our stakeholders for the benefit of all member banks to create a strong and sustainable banking industry in Brunei Darussalam.
The banking industry serves as an important stimulus and contributor to the Brunei economy as the country intensifies its diversification efforts away from the oil and gas sector.
The BAB is fully supportive of AMBD’s Financial Sector Blueprint 2016/2025 and the Digital Payment Roadmap 2019/2025 towards developing the digital payment ecosystem.
The Brunei Association of Banks
A membership under the Permanent Committee on Finance, Investment and Trade (COFIT) chaired by the Association of Banks in Singapore