Local conventional and Islamic banks as well as international bank groups are all active in the small and competitive Bruneian market. 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. While the climate for banking remains competitive and the scale of the market is small, credit growth rates in business lending are expected to remain strong as the government leans on local lenders to support development. With investment set to rise in offshore energy, downstream processing and infrastructure, banks could see more their credit portfolios grow.
This chapter contains interviews with Dato Haji Mohd Rosli, Former Managing Director, Autoriti Monetari Brunei Darussalam; and Pierre Imhof, CEO, Baiduri Bank.