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.
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 brisk pre-financial crisis, generating strong incomes from their cards and unsecured loan businesses, they failed to take into account risk concentration in their portfolios. When new credit card…
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, Consumer Finance
, Islamic Banking
, Retail Banking
, Imran Samee
, Baiduri Bank
, Corporate Banking