SCB wins Brunei Bank of the Year 2005 Award

At A reception at The Dorchester Hotel, London, Standard Chartered Bank, Brunei, was awarded the Bank of the Year Country Award for 2005 by The Banker, a leading industry magazine which is part of the Financial Times Group, London.

Representing SCB to receive the Bank of the Year 2005, Brunei at the event was Tiew Siew Chuen, Deputy Head of Consumer Banking.

Several criteria are used by the Banker to choose the Bank of the Year in each country.

The award is given to that bank in each country that demonstrates best growth and performance in terms of tier one capital, assets and return on equity.

Further, the winning bank must demonstrate how the use of technology is helping them advance in their market position and show how their banking structure and strategy will equip them for future developments in their market.

Over the past year, SCB has successfully demonstrated a strong commitment to lead the way with the introduction of many banking firsts - the first co-brand department store credit card, the first and only bank to offer interest-free installment plans on credit card purchases and the first to introduce mobile top ups in the bank's ATMs nationwide.

Making customer-centric initiatives their top priorities, the bank installed Cash Deposit Machines and introduced the eStatement service to provide greater convenience to customers.

"It is of great honour for us at SCB, Brunei, to receive The Banker Award 2005. Having been around globally for more than 150 years and locally for nearly 50 years, this prestigious accolade is truly a reflection of the outstanding growth and performance that the bank has promised to deliver," said Ms Shalini Warrier, Chief Executive Officer, SCB.

"Winning The Banker Award for Brunei this year recognises our leadership in product and service innovation, as well as our passion for service excellence," she added.

Courtesy of Borneo Bulletin