(Bandar Seri Begawan, 23rd) Bank Islam Brunei Darussalam (BIBD) held its 2025 Annual General Meeting yesterday, reaffirming its resilient position as an important partner in Brunei’s economic development. Minister of Home Affairs and BIBD Board Chairman, Dato Aanuddin, pointed out that the bank continues to invest in new areas such as digital banking, laying a foundation for future growth, enhancing risk resilience, and actively supporting national development and societal well-being.
Despite a global environment filled with uncertainties, BIBD has maintained strong financial performance. In 2024, the group achieved a net profit of BND 153.9 million and maintained the “A- (Stable)” rating by S&P Global since 2015. Its Tier 1 capital adequacy ratio of 17.9% and solid deposit base reflect robust capital and risk management capabilities.
As of 2024, the group’s total assets grew by 8% to BND 11.2 billion. Asset quality and the balance sheet remain strong, and the delinquency rate has declined, thanks to prudent risk management and sound governance.
BIBD continues to increase investment in digital infrastructure, including the e-KYC platform, digital identity, digital signature, and explainable artificial intelligence applications, to promote secure and seamless Islamic banking solutions, implemented in phases at subsidiary and group levels. The bank also strengthens cybersecurity and personal data protection to ensure competitiveness and security in the rapidly evolving digital financial environment.
At the meeting, shareholders approved the audited financial statements for 2024 and approved the distribution of a final dividend of 14 cents (BND 0.14) per ordinary share, underscoring the bank’s commitment to creating value for its shareholders.
Managing Director and CEO Junaidi highly commended the team’s dedication and achievements, and expressed gratitude for the support from Autoriti Monetari Brunei Darussalam, clients, and shareholders. He said: “The dedication of our employees and proactive strategies have enabled the group to achieve outstanding results. We will continue to improve our customers’ financial standing and actively contribute to Brunei’s economic prosperity.”