BIBD celebrates achievements at ‘Awards Night’

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BANDAR SERI BEGAWAN: “The year 2012 represented a year full of challenges for Bank Islam Brunei Darussalam (BIBD). Alhamdulillah, the efforts and dedication of all BIBD members have borne fruit with an increase of approximately 34.6 per cent or 97.8 million in net profit compared to 72.6 million in the year 2011.” Borneo Bulletin reported.

The Minister of Industry and Primary Resources Pehin Orang Kaya Seri Utama Dato Seri Setia Awang Haji Yahya bin Begawan Mudim Dato Paduka Haji Bakar, who is also the Chairman of BIBD cum the guest of honour, said this during the “Awards Night” themed annual dinner for all BIBD staff at The Empire Hotel & Country Club in Jerudong yesterday.

In terms of recognition for BIBD from 2012 onwards, the bank have won a total of 10 regional and international accolades where among others are the “Best Retail Bank in Brunei” from The Asian Banker and “World’s Best Emerging Markets Banks 2013 in Asia- Pacific for Brunei” from Global Finance.

The minister also shared the bank’s strategic initiatives for the year 2013, where in general, focuses on the branding of BIBD. This includes upgrading the status of BIBD in domestic as well as international level.

BIBD will focus on increasing its’ activities that will generate new sources of income in form of online-based service such as eTunai and new products which will be provided by BIBD Securities. There are also increased efforts, among others, in helping towards developing domestic capital market and financial services to appropriate industries from the corporate sector.

The minister also said that BIBD will continue to enhance its commitment in terms of corporate social responsibility. The main focus for the bank this year is the programme Advocating Life-long Learning for an Aspiring Future (ALAF).

The guest of honour also presented service awards to 91 BIBD staff as a token of appreciation for their loyalty and outstanding contributions towards the bank.

Also present at the dinner were BIBD board members, Syariah Advisory Body, Managing Director of BIRD Javed Ahmad as well as officers and staff of BIBD and its subsidiaries: BIBD At-Tamwil and BIBD Securities.