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Borneo Bulletin Yearbook 2019
Resilient local bank celebrates its silver jubilee
As a local financial institution reaching 25
years of operations, the Baiduri Bank Group has
constantly maintained a resilient performance,
backed with a strong balance sheet. This is
primarily due to the bank’s balanced contribution
among its three core pillars: retail banking,
corporate banking and consumer financing.
This business model is the foundation to the
bank’s success, said Baiduri Bank’s former
Chief Executive Officer (CEO) Pierre Imhof, who
retired on 1 April.
“We have observed that even when one of our
pillars is affected by a slowdown of activity,
the performance of the other pillars allows us
to remain profitable and experience growth. It
is also through our proven business model that
we are able to respond to our clients in a more
focused and innovative way, in a constantly
changing setting, putting us at the forefront of
the banking environment,” said Imhof.
The Formula to Success
Baiduri’s constant growth can be attributed
to its conservative risk policy and its strong
liquidity base. “This excess liquidity provides
a good opportunity for the Baiduri Bank Group
to bring more financing offers to local and
foreign investors. Thanks to a large equity
base, built over the years, the Baiduri Bank
Group is showing a strong balance sheet which
further increases its customers’ and partners’
confidence,” said Imhof.
“Another factor to Baiduri’s success is the
bank’s proximity to the market. Being close
to its target audiences makes Baiduri more
accessible to its customers and makes it easier
for the bank to understand its customers’
needs,” he added.