Plans to launch a stock exchange in Brunei Darussalam by 2017 will bolster its capital markets in line with plans for regional market integration as well as aid the broader drive to diversify its economy away from dependence on oil and gas.
Brunei Darussalam Financial Services
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Banks in Brunei Darussalam have so far weathered the impact of falling oil prices, winning plaudits from credit rating agencies for their resilience and stability.
Interviews & Viewpoints | OBG talks to Javed Ahmad, Managing Director, Bank Islam Brunei Darussalam (BIBD) from The Report: Brunei Darussalam 2014
In what ways have local banks responded to tighter credit conditions, and to what extent has there been a shift in focus in terms of lending?
Articles & Analysis | Government backing is reinforcing the industry’s strong momentum from The Report: Brunei Darussalam 2014
Islamic finance has had a growing presence in Brunei Darussalam since the early 1990s, with active support from Sultan Hassanal Bolkiah. Today the Islamic banking and takaful (Islamic insurance) segments are transitioning into the dominant forms of banking and insurance in the country, and the Sultanate’s large foreign investments are increasingly...
Interviews & Viewpoints | OBG talks to Pierre Imhof, CEO, Baiduri Bank from The Report: Brunei Darussalam 2014
Given the restrictions on personal lending and the banking sector’s high level of liquidity, what areas would contribute to the growth of Bruneian banks?
Articles & Analysis | The sector is liquid and well capitalised from The Report: Brunei Darussalam 2014
Banking sector growth has accelerated as authorities have eased up somewhat on restrictive regulations, and banks are looking forward to an improved climate as overall economic growth revives. Rapid growth in lending to domestic business, albeit from a low base, gives some cause for hope that the sector is beginning to work through the limitations of an economy dominated...