(Bandar Seri Begawan, 2nd) Baiduri Bank has once again been highly recognized by an international authoritative rating agency, as S&P Global Ratings recently reaffirmed its long-term and short-term issuer credit ratings at ‘A-/A-2’ with a “Stable” outlook, fully reflecting the bank’s solid capital base, sound risk management, and consistent profitability.
The agency noted in its report that Baiduri Bank holds a dominant position in Brunei’s retail banking sector, with its Risk-Adjusted Capital (RAC) ratio remaining above 15%, providing a strong capital buffer and funding support for the next 12 to 24 months. The bank’s average Return on Average Assets (ROAA) from 2020 to 2024 reached 1.75%, demonstrating stable operating performance.
The rating report also acknowledges Baiduri Bank’s regional expansion strategy, including establishing a representative office in Singapore and setting up an institutional banking division to drive cross-border growth and deepen connections within the ASEAN market. These initiatives help the bank enhance its financing capability and strengthen its international influence.
Baiduri Bank CEO Ti Eng Hui welcomed the announcement: “We are very pleased that S&P has once again confirmed our credit rating and maintained a stable outlook. This not only validates our solid financial foundation but also proves our efforts in risk management and sustainable development.”
As of 2024, Baiduri Bank’s Tier 1 capital ratio has reached 23.6%, far exceeding regulatory requirements, while loan growth and liquidity coverage ratios also remain above international standards.
S&P also pointed out that the bank’s ESG (Environmental, Social, and Governance) strategy framework “Baiduri Greenprint” and its digital transformation initiatives demonstrate its emphasis on sustainable development and social responsibility.