'banking' Stories - The Scoop

Standard Chartered Securities now offers Syariah-compliant investments The subsidiary of Standard Chartered Bank becomes the first conventional bank in Brunei to establish an Islamic window

April 13, 2021

BANDAR SERI BEGAWAN — Standard Chartered Securities, a subsidiary of Standard Chartered Bank, is now offering Syariah-compliant investments after establishing the first Islamic…

COVID-19 pandemic pushes up Brunei’s inflation rate The cost of goods and services increases to an eight-year high in April

July 8, 2020

BANDAR SERI BEGAWAN – Consumers are expected to pay more for goods and services for the rest of the year as the COVID-19…

BIBD assets reach record high of $10.7 billion The Islamic bank posts a five percent rise in net profit to $155.4 million

June 5, 2020

BANDAR SERI BEGAWAN — Brunei’s largest Islamic financial institution, Bank Islam Brunei Darussalam (BIBD), has posted a record high in total assets of…

BIA acquires Fajr Capital’s 29% stake in BIBD The acquisition makes the bank wholly Bruneian-owned, with the gov't as majority shareholder

January 16, 2020

BANDAR SERI BEGAWAN – The Brunei Investment Agency (BIA) has acquired Fajr Capital’s 29 percent stake in Bank Islam Brunei Darussalam (BIBD), the…

BIBD posts 27% profit in 2018, assets surpass $10 billion The Islamic bank continues to dominate domestic banking industry

September 14, 2019

BANDAR SERI BEGAWAN – Brunei’s largest financial institution, Bank Islam Brunei Darussalam (BIBD), posted a net profit of $147 million in 2018, a…

BIBD posts record profits in 2017, increasing profitability by 39% The Islamic bank expects further growth in next two years on the back of Brunei's recovering economy

July 12, 2018

BANDAR SERI BEGAWAN – Brunei’s largest financial institution, Bank Islam Brunei Darussalam (BIBD), posted its largest profits to date recording $169 million in…

BIBD to capture Brunei’s $6 billion digital transactions market with NEXGEN In March alone, the bank recorded over one million mobile transactions, signaling Bruneians' willingness to embrace digitisation

May 12, 2018

Having recorded over 12 million mobile transactions annually — equivalent to $2 billion — BIBD is ready to capture the growing digital economy…

HSBC shutters all branches in lead up to Brunei exit After selling its retail and commercial banking portfolio to Baiduri Bank, all remaining HSBC branches cease operations

November 11, 2017

After a 70-year presence in the sultanate, the Hong Kong and Shanghai Banking Corporation (HSBC) Brunei shuttered the doors on its flagship branch…

Tag: banking