The Asian Banker (TAB) recently announced Bank Islam Brunei Darussalam (BIBD) the strongest bank in Brunei, and one of the strongest in Asia-Pacific on par with top international banks from Hong Kong, Malaysia and China.

In a listing of the strongest banks by balance sheet, BIBD is the only Bruneian bank featured in the ranks of the Asia-Pacific's top 500 financial institutions, holding the 14th spot for 2016, a press release said.

With a strong aggregate strength score, BIBD also scored top marks in its assets over GDP, liquidity and Credit Adequacy Ratio. The bank scored highly in the Financing-to-Deposit ratio, and Return on Asset ratio.

The recognition given by TAB, a leading provider of strategic intelligence on the financial services industry in the region, was based on the BIBD's 2016 balance sheet. The award is BIBD's third recognition from TAB this year, after receiving the Best Retail Bank in Brunei, and the region's Best Smart Branch Project.

According to TAB, BIBD has maintained high levels of liquidity with strong capitalisation as well as a healthy cost-toincome ratio, which played a key role in the bank's excellent performance.

The Asian Banker Strongest Banks is an annual assessment of the financial and business performance of the commercial banking industry in the Asia-Pacific region. The assessment ranks the top performing banks in each country by 'strength', an evaluation based on a belief that a strong bank demonstrates long-term profitability from its core businesses.

Source:
@BRUDIRECT.COM

by BruDirect.com

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