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11 July 2018

BIBD Records Highest Ever Profits

July 11th, 2018 – BIBD today organised its 2018 Annual General Meeting for its shareholders, which approved the financial statements for the year ending 31 December 2017. Besides recording BIBD’s highest ever net profits at more than B$169 million and B$116 million for the Bank and Group respectively, BIBD also demonstrated continued commitment to shareholders with an interim dividend distribution of B$0.125 per ordinary share in 2017, which is to be added to the expected final dividend of B$0.051, returning a total dividend of B$0.176 per ordinary share resulting in a total of B$127 million, an improvement in YoY yield of 11.5% from 7.5% for the Group.

Minister of Finance II in his capacity as BIBD Chairman, Yang Berhormat Dato Seri Paduka Dr. Awang Haji Mohd Amin Liew bin Abdullah, recorded his heartfelt appreciation of the trust and support received from BIBD’s customers, shareholders and other stakeholders, “Alhamdulilah it is another milestone year for BIBD as we continue our progression as Brunei’s leading bank. Our accomplishments are the results of our commitment to our customers and the strong cooperation with our regulators as we continue to play our role to support the nation’s ongoing efforts to create a more resilient and robust economy, in line with Wawasan 2035.”

At the same time, Managing Director and CEO, Mubashar Khokhar, also took the opportunity to congratulate the efforts of the entire BIBD Group for another prolific year. He commented that, “Alhamdullilah, BIBD is very blessed to have such an energetic and dedicated team that are always prepared to overcome obstacles in this challenging market conditions. Advancements in digital banking has also allowed us to provide our customers with the very best in Islamic banking solutions such as our BIBD NEXGEN.”

Present at the event were BIBD Chairman of the Board, Yang Berhormat Dato Seri Paduka Dr. Awang Haji Mohd Amin Liew bin Abdullah, members of the Board and Shariah Advisory Body, Managing Director of BIBD, Mubashar Khokhar, and BIBD senior management and officials.

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