BANDAR SERI BEGAWAN

Bank Islam Brunei Darussalam (BIBD), Brunei’s largest Islamic financial institution has amassed an asset size of over $10 billion, the bank said in a statement recently.

These statistics were shared during an annual dinner hosted by the bank for its staff last week, where it was also announced that BIBD had posted a record profit of $147.9 million last year – about 12 percent less than what it earned ($169.8 million) in the previous year.

Despite that, the bank still dominates the domestic market, supported by the fact that it is accounted for 61 percent of Brunei’s banking profit before tax in 2018.

 The Bruneian

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