Bank Islam Brunei Darussalam (BIBD) was recently announced as the strongest bank in Brunei by The Asian Banker (TAB), and one of the strongest in Asia Pacific on par with top international banks from Hong Kong, Malaysia and China.
In a list of 500 of Asia Pacific’s Strongest Banks by Balance Sheet, BIBD remains the only Bruneian bank to be featured within The Asian Banker’s 500’s ranking of the Asia Pacific’s top financial institutions.
With a strong aggregate strength score, BIBD also scored top marks in its Assets over GDP, Liquidity and Credit Adequacy Ratio, while scoring highly in the Financing-to-Deposit Ratio , and Return on Asset ratio. BIBD holds the 14th spot among the strongest banks in Asia Pacific for 2016.
The recognition given TAB, a leading provider of strategic intelligence on the financial services industry in the region, is based on the Bank’s 2016 balance sheet. The award is BIBD’s third recognition from TAB this year after receiving The Best Retail Bank in Brunei, and the region’s Best Smart Branch Project earlier.
According to TAB, BIBD has maintained high levels of liquidity with strong capitalisation as well as a healthy cost to income ratio which played a key role in the bank’s excellent performance.
The Asian Banker Strongest Banks is an annual assessment of the financial and business performance of the commercial banking industry in the Asia Pacific region. The assessment ranks the top performing banks in each country by strength, an evaluation based on a belief that a strong bank demonstrates long-term profitability from its core businesses.