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Monday, 15 April 2019

Bank Islam Brunei Darussalam (BIBD) makes record profit of nearly BND148M

15 April 2019 (Borneo Bulletin)
BANK Islam Brunei Darussalam (BIBD), the nation’s largest Islamic financial institution, has amassed an asset size of over BND10 billion, a figure comparable among the region’s best Islamic bank.

The bank also posted a record profit of BND147.9 million in 2018.

These statistics were shared during an annual dinner hosted by the bank for its staff.

During the event, the bank celebrated the success of establishing itself as Brunei’s First Choice Bank.

BIBD’s Managing Director Mubashar Khokhar highlighted the bank’s achievements in recent years and acknowledged the contribution of everyone involved in its success.

BIBD attributed the success to the past and present staff and stakeholders of the bank, which was determined from key achievements with its employees, customers and stakeholders.

The bank’s internal employment survey revealed that over 83 per cent of its staff are happy and proud to be the bank’s employee with over 74 per cent saying that BIBD is a great place to work.

BIBD currently dominates the domestic market position. This is supported by the fact that it accounted for 61 per cent of Brunei’s banking profit before tax in 2018.

The bank’s ability to retain its A- S&P rating since 2015 also signifies the bank’s robustness and stability of its corporate governance, risk assessment and management adoption of best international practices.

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