Published November 01, 2012
BIBD capitalises on regulatory enhancements to capture retail banking market share
BIBD’s transformation from a gun and barrel bank to a modern retail financial services institution have seen the bank yield increasingly positive results.
Date: Nov 01, 2012
Author: Durva Lakhlani
Categories: Brunei, Consumer Finance, Islamic Banking, Mortgage, Retail Banking
Keywords: BIBD, Imran Samee, SCB, HSBC, Baiduri Bank, AMBD, Corporate Banking
Brunei’s retail financial services market is a static market which is dominated by Standard Chartered Bank (SCB), HSBC and Baiduri Bank. The market is tiny with a less-than-250,000 bankable population while up to 63% of the country’s working citizens are government workers. Out of the 10 banks operating in the country, only five are international banks. While international banks found business…