November 6, 2015


BIBD announces double-digit growth in profits at Annual General Meeting

Bank Islam Brunei Darussalam (BIBD) has today announced a double-digit growth in Net Profit after Zakat and Taxation and Total Assets at the bank’s Annual General Meeting.
Held at the Brunei Arts and Handicrafts Training Centre in Bandar Seri Begawan, the AGM was chaired by Yang Berhormat Dato Paduka Awang Haji Bahrin bin Abdullah in his capacity as Chairman of the Board of Directors of BIBD.

The meeting was held to approve the Financial Statements for the year ending 31st December 2014. BIBD also declared dividends for the Financial Year 2014 at 5.7 cents per share, as well as announcing the Appointment and Settings of the Auditors Fees for The Financial Year Ending 31st December 2015.
Javed Ahmad, Managing Director of BIBD, commented, “We are happy to report that 2014 was a sterling year for profitability, with 17.9% increase in Net Profit after Zakat and Taxation for the Group and 40.5% increase for the Bank. Despite the year being marked by a number of macroeconomic challenges, BIBD continued to perform excellently.”