Brunei’s banking sector remained robust: Minister (29.09.2023)
 Posted on : Sep 30, 2023, 11:22AM   64 total views  Category : Local News

The banking sector in Brunei remained robust, with banks being able to provide credit flows to the economy while asset quality also improved. The Gross Non-Performing Financing ratio was recorded at 3.3 per cent in 2022 compared to 3.6 per cent in the previous year, Minister at the Prime Minister’s Office and Minister of Finance and Economy II Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah said.

 

“This was similarly reflected in the Group’s performance through its key businesses as profitability and total assets improved during the fiscal year in review,” he said at Bank Islam Brunei Darussalam (BIBD) Group’s annual general meeting (AGM) 2023 on Friday in review of a strong 2022 financial year, during which the group maintained strong returns to its shareholders.

 

The minister in his capacity as Chairman of BIBD and its Group of Companies said despite challenging global economic environments following the COVID-19 pandemic, the Group was again able to record another encouraging and successful year.

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-- Courtesy of Borneo Bulletin

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