BANDAR SERI BEGAWAN: Baiduri Bank has received continued recognition of its financial strength and resilience following the reaffirmation of its long-term and short-term issuer credit ratings of ‘A-/A-2’ with a Stable Outlook by S&P Global Ratings.
According to S&P Global Ratings, the bank’s rating is supported by its strong market position, established retail franchise, robust capitalisation, stable profitability, and significant role within Brunei’s banking sector. The rating agency expects Baiduri Bank to maintain its resilient financial position, supported by healthy profitability, strong liquidit, and a stable funding base.
S&P Global Ratings highlighted the bank’s strong capital position, noting that it continues to maintain substantial capital buffers to support growth and navigate changing market conditions. The report also cited Baiduri Bank’s profitability, with return on average assets (ROAA) averaging 1.85 per cent over 2021-2025, supported by stable margins, prudent financial management and a low-cost deposit base.
The report recognised the bank’s well-established franchise, continued investment in digital capabilities and measured approach to growth, balancing opportunities in Brunei and selected overseas markets while maintaining prudent risk management.
Chief Executive Officer of Baiduri Bank Ti Eng Hui said, “This latest rating reflects our ability to navigate different market conditions while continuing to serve our customers, support businesses and invest for the future. For our customers, it is reassurance that the bank is built on a solid foundation. We have remained disciplined in how we grow, how we manage risk and how we look after the trust that customers place in us.”
“We are pleased to see those strengths recognised by S&P Global Ratings, and we will continue focusing on what matters most: being a trusted financial partner for our customers and the wider community.”
The report also highlighted the bank’s strong funding and liquidity position, supported by a stable deposit base and liquidity levels that compare favourably with many regional and international peers. S&P Global Ratings further noted the bank’s high systemic importance within Brunei’s financial system.
S&P Global Ratings is a leading provider of independent credit ratings, offering assessments of the financial strength and creditworthiness of institutions around the world. Its ratings are widely used by investors, regulators and financial markets as benchmarks for transparency, stability, and financial resilience. - Borneo Bulletin/ANN
