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BANKING & FINANCE
corporates and SMEs, along with the mass-
market segment,” said Mubashar.
Facilitating Brunei’s Digital Economy
Transformation
BIBD welcomes the digital transformation in
Brunei. In support of Brunei’s gradual transition
into a smart economy, BIBD launched their
mobile-led and data driven digital proposition,
BIBD NEXGEN. The BIBD NEXGEN showcases
the bank’s intent to transform traditional
banking to the fintech age, creating a branchless
banking proposition.
The bank complements their mobile-led
services with a more tangible connection to
customers. BIBD holds the largest and most
readily available network of branches and
ATMs across the country, along with the only
full-fledged contact centre with a mobile chat
feature.
Supporting SMEs and Economic
Diversification
In support of small and medium enterprises
(SMEs) in Brunei, BIBD launched its first SME
360 branch in 2016. The SME 360 caters
specifically to SMEs, offering banking solutions
to grow their business.
To encourage foreign direct investment,
BIBD established the Asian Desk, a platform
for local Bruneian institutions to engage
with international institutions for business
opportunities.
For micro, small and medium enterprises
(MSMEs), BIBD introduced the BIBD MSME
Account. With this account, MSMEs can
manage their businesses and personal
finances separately. The account requires a
lower minimum average and allows access
to a range of facilities and corporate banking
services.
“BIBD believes that success of the country is
where there is progress for everyone. On top
of our own initiatives, we have also made great
strides with our close collaboration with the
government of His Majesty along with other
Bruneian institutions,” said Mubashar.
BIBD facilitated modules for Darussalam
Enterprise
(DARe)’s
Industry
Business
Academy (IBA). In partnership with DARe, BIBD
introduced the Microcredit Financing Scheme
that offers up to BND15,000 for budding
industries. BIBD collaborates with LiveWIRE
Brunei in the Business Awards Start-up Funding
Scheme (BASfs) to inspire talented Bruneian
entrepreneurs.
Helping Customers Achieve Their
Aspirations
BIBD’s corporate social responsibility (CSR)
programmes are designed to uplift communities
and individuals. The programmes are hoped to
create a ripple effect by not only changing an
individual’s life, but also the lives of the people
around them and for the next generations of
Bruneians.
As BIBD’s flagship education initiative, the BIBD
ALAF programme recognises education and
learning as the essentials of individual growth
and national development. Another programme,
the BIBD SEED, is aimed at transforming
underprivileged mothers into successful and
resilient entrepreneurs able to compete in local
and international markets.
To promote the growth of Brunei’s future
industry leaders, BIBD launched its first
community hub, BIBD Connects, which acts
as an engagement platform for communities
and entrepreneurs. BIBD Connects charges a
fraction of the actual market rental.
The bank takes pride in supporting the Autoriti
Monetari Brunei Darussalam (AMBD) to
elevate the awareness and benefits of financial
management. BIBD regularly holds a series of
informative financial management talks with
their certified financial planners.
BIBD Aspirasi is a unique and flexible savings
scheme to cultivate money management. The
savings scheme offers a lucrative reward
programme that encourages customers to save
for their financial future, embedding a ‘wants-
can-wait’ mindset.
The bank continues to expand its presence
and deliver its promise of world-class Islamic
finance products and solutions, while upholding
international standards.
Dato Seri Setia Dr Awang Haji Mohd
Amin Liew bin Abdullah, Minister at
the Prime Minister’s Office and Minister of
Finance and Economy II and Chairman of BIBD
during the launching of BIBD NEXGEN