BIBD launches ‘Asian Desk’ to woo business from FDI companies Brunei's largest bank says new desk will also help local SMEs engage with global companies

BANDAR SERI BEGAWAN – Bank Islam Brunei Darussalam (BIBD) recently launched its Asian Desk as part of the bank’s commitment to provide better support and convenience to Brunei’s economy and its corporate institutions.

Serving as a one-stop centre for Foreign Direct Investment (FDI) companies and their employees, the centre is managed by relationship managers fluent in multiple languages, along with the ability to transact in additional currencies.

Koh Swam Sing, the head of the BIBD’s Corporate Banking Division, said with the increasing number of international institutions cementing their presence in Brunei, the Asian Desk aligns the bank closer to the government’s strategy of encouraging more FDI into Brunei, particularly beyond the oil and gas industry.

“At the same time, the Asian Desk provides a platform for local institutions, particularly SMEs, to engage these international institutions for potential business opportunities and ventures thus developing greater competitive strength,” he said.

“BIBD strongly believes that its Asian Desk… would not only facilitate the inflow and long-term commitment of FDIs but also the growth of Bruneian institutions.”

For more information on the BIBD Asian Desk, interested parties can contact the BIBD Contact Centre at 2238181.