BAIDURI Bank has been recognised by Global Finance as one of the world’s Best Banks in Asia-Pacific 2017 for Brunei.
This marks the fourth award Baiduri Bank has received from Global Finance. The award will be presented to Baiduri Bank at Global Finance’s World’s Best Banks 2017 Awards Ceremony at the National Press Club in Washington DC on October 14 this year.
The magazine’s annual ranking of the World’s Best Banks has become a trusted standard of excellence for the global financial community.
Pierre Imhof, CEO of Baiduri Bank said, “Since 2013, Global Finance has recognised Baiduri Bank’s accomplishments over the past four years, as evidenced by the Safest Bank award in 2014 and 2015, as well as the World’s Best Emerging Markets Banks in Asia-Pacific in 2016.
“To be named the Best Bank in Brunei 2017 is testimony to our continuously strong financial performance and innovation in products and services.”
All selections were made by the editors of Global Finance after extensive consultations with corporate financial executives, bankers and banking consultants, and analysts throughout the world, said a press release by Baiduri Bank.
In selecting these top banks, Global Finance considered factors that range from the quantitative objective to the informed subjective. In addition, a poll of Global Finance’s corporate readership was conducted in order to increase the accuracy and reliability of the results.
According to a press release from Global Finance, the winners of this year’s awards are those banks that attended carefully to their customers’ needs in difficult markets and accomplished better results while laying the foundations for future success.
Joseph D Giarraputo, Publisher and Editorial Director of Global Finance said, “Global Finance’s annual Best Bank Awards celebrate financial institutions that excel at delivering customers the services and products tailored to meet their unique needs. These banks may not be the biggest or oldest, but their energy and adaptability make them stand out in the field.”
Banks were invited to submit entries supporting their selection. Objective criteria considered included: the growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products.
Subjective criteria included the opinions of equity analysts, credit rating analysts, banking consultants and others involved in the industry.
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