BANDAR SERI BEGAWAN
Bank Islam Brunei Darussalam (BIBD) today introduced a one-stop centre that would serve to facilitate Foreign Direct Investment (FDIs) companies and their employees’ banking needs.
The new service will be managed by BIBD’s managers who are fluent in multiple languages and are capable of transacting in additional currencies.
BIBD’s Head of Corporate Banking Division Koh Swam Sing said that the establishment of the Asian Desk is aligned closely to Brunei’s strategies to get more FDIs, especially in economic clusters beyond the oil and gas industry.
“At the same time, the Asian Desk provides a platform for local SMEs to engage these international institutions for potential business opportunities and ventures thus developing greater competitive strength,” said Koh in a statement.
“BIBD strongly believes that its Asian Desk creates a win-win solution that would not only facilitate the inflow and long-term commitment of FDIs but also their growth, which ultimately will contribute towards a dynamic and sustainable Bruneian economy,” he added.
Present to launch the new service at its headquarters in the capital was BIBD’s Managing Director, Mubashar Khokhar, who was accompanied by other senior management and officials of the bank.