A picture of BIBD headquarters at the capital. Image: The Bruneian

Bank Islam Brunei Darussalam (BIBD) has recently been awarded two major awards for its leadership, innovation and excellence in Small and Medium Enterprises (SME) Banking and strong dedication to its Corporate Social Responsibility (CSR) initiatives.

The ‘Best SME Bank Brunei 2020’ and ‘Best CSR Bank Brunei 2020’ awards, conferred by a leading and highly-renowned publisher Global Banking and Finance Review, were in recognition of BIBD’s focus on delivering comprehensive solutions that make banking more efficient, cost-effective and readily accessible to SME clients as well as creating long-term support and sustainable change through education, community and development of local entrepreneurs.

The editor of Global Banking and Finance Review Wanda Rich said that BIBD is committed to supporting SMEs and the communities they serve.

A picture of BIBD headquarters at the capital. Image: The Bruneian

“Their strategic vision, continued investment in technology, deployment of innovative services and commitment to the socio-economic development in Brunei is what made them stand out as the winner this year,” she added.

Through its Corporate Banking Group (CBG), the bank aspires to be one of the main enablers to the Micro, Small and Medium Enterprises (MSMEs) industry, in line with the vision of the Brunei Government to enhance opportunities for local MSMEs as well as create leaders among the business and industry players by developing greater competitive strength, it said in a statement.

Image: Courtesy of BIBD

Furthermore, BIBD has complemented national efforts by boosting its SME-related initiatives and programmes to ensure that it contributes to the local budding entrepreneurs and empowering them with ease through the robust and comprehensive digital business solutions.

Its range of innovative products such as BIBD BizNet, MSME Current Account and BIBD QuickyPay has helped to fill up gaps and certainly improve the operations of MSMEs – this in line with the objectives of the bank which is to serve the needs of all types of MSMEs.

The introduction of its all-in-one SME360 platform has also helped boost the business governance of MSMEs and the bank continues to work closely with various stakeholders such as Darussalam Enterprise (DARe) to provide these support, advice and mentorship to its SME clients.

Image: Courtesy of BIBD



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