BANK Islam Brunei Darussalam (BIBD) was recently announced as the safest bank in Brunei Darussalam by Global Finance.
Banks were selected through an evaluation of long-term foreign currency ratings – from Moody’s, Standard & Poor’s, and Fitch – and total assets of the 1,000 largest banks worldwide.
“Each nation has a unique economic landscape with its own laws, risks and consumer habits. Banks must tailor their approach to meet the needs of the specific customer base while also providing consistency and stability across borders,” said Global Finance publisher and editorial director Joseph D Giarraputo.
“Those that can leverage data and technology to provide secure solutions that feel custom-designed will outperform their peers. Our list offers investors and companies a consistent tool to identify the Safest Banks in specific countries.”
The rankings have been running for over twenty years and take the long-term credit ratings of financial institutions to compile a ranking of the world’s safest banks. The rankings provide useful information for customers in retail and corporate banking and investors on those organisations with prudent risk management policies should they look at cross border trade and investment partners.
Global Finance, founded in 1987, has readers in 191 countries including senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Its website, GFMag.com, offers analysis and articles that are the heritage of 29 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.
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