AFFIN Group and Baiduri Bank, Brunei Darussalam’s largest conventional bank and a member of Baiduri Bank Group, one of the country’s largest providers of financial products and services, yesterday signed a memorandum of understanding (MoU) to expand banking cooperation between Malaysia and Brunei Darussalam and broaden business opportunities for customers in both markets.
The partnership combines AFFIN’s banking capabilities and network in Malaysia with Baiduri Bank’s strong domestic franchise and market expertise in Brunei Darussalam, establishing a more direct financial corridor for businesses pursuing trade, investment and expansion across the two countries.
Under the MoU, both institutions will explore collaboration across commercial and retail banking, financing, trade finance and treasury, as well as investment services including investment banking, stockbroking, asset management and unit trusts, broadening opportunities to facilitate transaction flows, generate new business and expand access to financial solutions for customers in Malaysia and Brunei Darussalam.
The collaboration comes as economic ties between the two neighbouring ASEAN markets continue to deepen. Brunei Darussalam remains one of Malaysia’s key trading partners, with bilateral trade valued at MYR5.8 billion in 2025 and MYR2.4 billion in the first half of 2026.
Both countries have identified further cooperation across trade and investment, energy, connectivity, agriculture, tourism and the halal economy, alongside closer economic links between Brunei Darussalam, Sabah and Sarawak, creating a broader commercial landscape for businesses, capital flows and commerce across the region.
Recently, AFFIN’s trade finance capabilities were recognised with the Malaysia Domestic Trade Finance Bank of the Year award at the Asian Banking & Finance Wholesale Banking Awards 2026 and Best Trade Finance Bank Malaysia at the Global Banking & Finance Review Awards 2026. AFFIN was also included in the Fortune Southeast Asia 500 for the third consecutive year, underscoring the strength and credibility of the platform it brings to the partnership.
President & Group Chief Executive Officer (CEO) of AFFIN Group Datuk Wan Razly Abdullah said, “Malaysia and Brunei Darussalam share strong economic and commercial ties, with significant potential to deepen business and investment flows between our two markets. AFFIN brings together conventional and Islamic banking, investment banking, asset management and wealth under one roof. Combined with Baiduri Bank’s established franchise in Brunei Darussalam, this gives us greater breadth to meet our customers’ financing, investment and wealth needs.”
“This MoU creates a platform to expand cross-border connectivity and connect customers to new opportunities. With economic linkages between Malaysia and Brunei Darussalam continuing to grow, including across Borneo, and Visit Brunei Year 2027 on the horizon, we see ample scope to deepen commercial activity and create sustainable value for both institutions.”
CEO of Baiduri Bank Ti Eng Hui said, “Brunei Darussalam and Malaysia already share deep economic, business and people-to-people ties. As opportunities across Malaysia in particular Borneo continue to expand, AFFIN Group and Baiduri Bank are well placed to strengthen those connections and create greater opportunities for businesses and customers in both markets.”
The collaboration aligns with the AFFIN Axelerate 2028 (AX28) Plan anchored on three strategic pillars of Unrivalled Customer Service, Digital Leadership and Responsible Banking With Impact, supporting AFFIN’s ambition to deliver innovative customer propositions and capture new growth opportunities.
The MoU was signed by President & Group CEO of AFFIN Group Datuk Wan Razly Abdullah and CEO of Baiduri Bank Ti Eng Hui, and was witnessed by Head of Institutional Banking, Baiduri Bank Awangku Nor Muhammad Nizam Pengiran Haji Tengah, and Chairman of Affin Hwang Investment Bank Encik Hasli bin Hashim.
SOURCE/AUTHOR : BORNEO BULLETIN
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Congratulatory Messages on Occasion of Malaysia's 68th Anniversary of Independence Day
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Certification Application for Religious Teaching, Al-Qur'an, and Lectures 1st Session of 2026
Senior Minister of State, Ministry of Home Affairs Republic of Singapore Audience Ceremony
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Senior Minister of State, Ministry of Home Affairs Republic of Singapore Audience Ceremony
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Sovereign's Parade Ceremony of the 24th Intake of the Officer Cadet School, Defence Academy, RBAF
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Sunat Hajat Prayer, Reading of Surah Yasin and Special Doa, Brunei Darussalam Students Overseas
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Message of Congratulations on Occasion of the Islamic Republic of Iran's National Day
Tahlil Ceremony and Appointment Letter Presentation, Jubli Perak Sultan Haji Hassanal Bolkiah Mosque
Presentation of Appreciation Certificates and Apointment Letters, Selangan Mosque Takmir Committee
Distribution of His Majesty's Personal Gift of Dates, Ministry of Primary Resources and Tourism
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Enforcement of Control of the Capture, Importation of Small-sized and Egg-Bearing Lobsters and Crabs
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Religious Ceremony Awaiting the Results of the Sighting of the New Moon of Ramadhan 1447 Hijrah
Temporary Half Lane Road Closure at Jalan Raja Isteri Pengiran Anak Saleha and Tungku Highway
Doa Kesyukuran Ceremony in conjunction with His Royal Highness the Crown Prince's 52nd Birthday
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Prohibition of Offering Ramadhan Buffet for Premises that have not obtained Halal Certificate
Flag Handover Ceremony to the National Contingent competing at the 6th Asian Beach Games
Brunei's Commitment to Fostering Peace, Promoting Social Harmony & Advancing Sustainable Development
Book Launching Ceremony, Ambassador Extraordinary and Plenipotentiary of the Republic of Turkiye
Audience Ceremony with the Director-General of the Food and Agriculture Organisation of the United Nations, FAO and Delegation
38th Session of Food and Agriculture Organisation Regional Conference Launching Ceremony
Signing of Agreement between Kedai Kampung & Agrodynamics Antarabangsa Brunei Sendirian Berhad
27/04/2026 Opening of the Final of the National Musabaqah Al-Qur'an Reading for Adults 1447 Hijrah/2026
Mass Sunat Hajat Prayer in conjunction with the World Day for Safety and Health at Work 2026
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Reading, Deepening Understanding and Expressing Internalisation of Al-Qur'an in Shaping Morals and Behavior
Appointment & Confirmation of Deputy Permanent Secretary (Policy and Management), Ministry of Health
Advance Party of Brunei Darussalam Haj Management Office meeting with Syarikat Holiday Inn Bakkah
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Flowmeter and Valve Replacement Works at the Agis-Agis Water Treatment Plant, Belait District
Bilateral Meeting with the President and the Vice President of the People's Republic of China
Customs Case, An Indonesian Woman possessing Cigarettes of Various Brands without a Valid Permit
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Long Service Medal Presentation in conjunction with His Majesty's 79th Birthday Celebration
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1448 Hijrah New Year with the National Level Reading of End of Hijrah Year and Hijrah New Year Doa
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Haj fare grant applications open; registration begins for National Maulidur Rasul celebration
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