Baiduri Bank expands its reach with new office in Singapore
- Baiduri Bank has opened its first international representative office in Singapore, aimed at enhancing regional banking capabilities.
- Mr. Young Yi leads the new office, bringing over 25 years of corporate banking experience to support Bruneian businesses.
- This expansion is part of Baiduri Bank's strategy to diversify and strengthen economic ties between Brunei and Singapore.
On May 22, 2025, in Singapore, Baiduri Bank, the largest conventional bank in Brunei Darussalam, inaugurated its first overseas representative office. This strategic expansion aims to enhance the bank's presence in the region, particularly in corporate and institutional banking. The launch event was graced by prominent figures, including Yang Amat Mulia Pengiran Muda Dr Abdul Fattaah, Chairman of Baiduri Bank, and was attended by key leaders in the banking sectors of both Brunei and Singapore. The establishment of the representative office is a significant milestone for Baiduri Bank, which has transformed from a local bank into a key player in the financial landscape of Brunei since its founding in 1994. This expansion aligns with the bank's efforts to foster regional economic collaboration and support Brunei's economic diversification agenda. By leveraging Singapore's status as a global financial hub, the bank seeks to forge partnerships and explore investment opportunities. Mr. Young Yi, a seasoned corporate banker, will lead the new office. With over 25 years of experience in corporate banking with international institutions, he is tasked with enhancing the bank's engagement with counterparties and facilitating access for Bruneian businesses looking to expand into Singapore and beyond. The office will serve as a conduit for networking and a platform for Bruneian companies to connect with potential investors in Singapore. Additionally, this move underscores Baiduri Bank's dedication to innovation and growth in the banking sector, highlighted by numerous awards received in the past year. The bank's commitment to creating cross-border collaborations and engaging with the broader financial ecosystem in Singapore aims to fulfill its strategic objectives and bolster its international reach.