Brunei Darussalam Central Bank Performance and Trends

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The Brunei Darussalam Central Bank has been a key player in the country's financial stability and growth. The bank has consistently demonstrated a strong track record of prudent monetary policy.

The bank's inflation rate has remained relatively low, averaging around 1.5% in recent years. This is a testament to the bank's effective management of the country's monetary policy.

One of the bank's key goals is to maintain financial stability, and it has been successful in achieving this objective. The bank's efforts have contributed to Brunei Darussalam's stable economic growth.

History

The Brunei Darussalam Central Bank has a fascinating history that spans several decades. The Brunei Currency Board was established on 12 June 1967.

The Brunei dollar was introduced as the new currency of Brunei, replacing the Malaya and British Borneo dollar, after the Currency Union Agreement was terminated in 1973. This marked a significant shift in Brunei's financial landscape.

The Brunei Currency Board was later dissolved and rechartered under the new name Brunei Currency and Monetary Board (BCMB) in 2004. This change aimed to modernize the country's monetary system.

Credit: youtube.com, History of Brunei Commemorative Banknotes 1992-2019 HD

In 2010, the Brunei Darussalam Central Bank Order established the Monetary Authority of Brunei Darussalam (AMBD), which took effect on 1 January 2011. This marked a major milestone in Brunei's financial history.

The AMBD is responsible for developing and implementing monetary policies, as well as overseeing financial institutions and handling money as a central bank. The Crown Prince Al-Muhtadee Billah serves as the AMBD's chair.

In 2021, the AMBD was renamed to Brunei Darussalam Central Bank (BDCB) after approval by Sultan Hassanal Bolkiah. New laws governing the central bank came into effect on 27 June 2021.

The BDCB continues to perform the same duties as its predecessor, including supervising financial institutions and developing monetary policies.

Financial Performance

The Brunei Darussalam Central Bank has a strong financial performance, with a stable monetary policy framework in place. This framework has helped to maintain low inflation rates in the country.

In 2020, the bank's net profit was BND 124.4 million, with a return on assets of 1.4%. The bank's total assets stood at BND 3.8 billion, with a significant portion invested in government securities.

The bank's financial performance is a testament to its prudent management and effective regulation of the financial system.

Brunei Loans Chart (Jan 2011 - Sep 2024)

Credit: youtube.com, All change for Brunei's banks: the local view on HSBC and Bank of China | World Finance

The Brunei Loans Chart provides a clear picture of the country's loan activity from January 2011 to September 2024. AMBD: Lia: Loans data is reported monthly, with 165 observations.

The data is updated regularly, with the latest value reported at 0.000 BND mn in September 2024. This is consistent with the previous month's value of 0.000 BND mn.

The average value of AMBD: Lia: Loans over the period is 0.000 BND mn. The data reaches an all-time high of 0.000 BND mn in September 2024, and a record low of 0.000 BND mn in September 2024.

Here's a summary of the key statistics:

The Brunei Loans Chart offers a valuable insight into the country's loan activity over the past 13 years.

Assets and Liabilities

The Brunei Darussalam Central Bank's balance sheet is a crucial aspect of the country's financial health. AMBD's liabilities data was reported at 5,761.950 BND mn in Sep 2024.

AMBD's assets and liabilities are closely tied, with the same data point of 5,761.950 BND mn in Sep 2024 being reported for both assets and liabilities. This records an increase from the previous number of 5,747.601 BND mn for Aug 2024.

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The data is updated monthly, averaging 5,103.019 BND mn from Jan 2011 (Median) to Sep 2024, with 165 observations. The data reached an all-time high of 7,213.643 BND mn in Jun 2022 and a record low of 3,764.935 BND mn in Jan 2011.

Here are the key statistics on AMBD's balance sheet:

AMBD Assets

The AMBD Assets have been increasing steadily, reaching a record high of 7,213.643 BND mn in Jun 2022.

The Autoriti Monetari Brunei Darussalam (AMBD) Assets data is updated monthly, averaging 5,103.019 BND mn from Jan 2011 to Sep 2024.

The AMBD Assets have seen significant fluctuations, with a record low of 3,764.935 BND mn in Jan 2011.

This data is reported by Brunei Darussalam Central Bank and remains active in CEIC.

The AMBD Assets data has been consistently increasing, with a notable growth from 5,747.601 BND mn in Aug 2024 to 5,761.950 BND mn in Sep 2024.

Amd: Liabilities

AMBD's liabilities data is reported monthly, averaging 5,103.019 BND mn from Jan 2011 to Sep 2024.

Royal Brunei Airlines aircraft soaring in clear blue sky, showcasing aviation excellence.
Credit: pexels.com, Royal Brunei Airlines aircraft soaring in clear blue sky, showcasing aviation excellence.

The data has been increasing, with a record high of 7,213.643 BND mn in Jun 2022.

This is a significant increase from the record low of 3,764.935 BND mn in Jan 2011.

The data is categorized under Global Database's Brunei – Table BN.KB003: Balance Sheet: Brunei Darussalam Central Bank (BDCB).

AMBD's liabilities data for Sep 2024 was 5,761.950 BND mn, an increase from the previous number of 5,747.601 BND mn for Aug 2024.

The data is active and regularly updated, providing a clear picture of AMBD's financial position over time.

Here's a summary of AMBD's liabilities data:

Monetary Policy

The Brunei Darussalam Central Bank plays a crucial role in maintaining monetary stability in the country. It's responsible for managing the country's money supply and setting interest rates.

The bank's assets, specifically currency and deposits, have been steadily increasing. As of September 2024, the assets stood at 1,415.475 BND million, a significant rise from the previous month's 1,394.092 BND million.

Credit: youtube.com, Monetary Policy | BRUNEI | Street Interview Vlog

The data on assets has been consistently tracked since January 2011, with a median average of 1,446.813 BND million. The highest recorded value was 3,226.423 BND million in April 2012, while the lowest was 689.799 BND million in August 2013.

The bank's data is updated monthly, providing a clear picture of the country's financial situation.

Securities

The Brunei Darussalam Central Bank plays a crucial role in regulating the country's securities market. It is responsible for overseeing the activities of financial institutions, ensuring their stability and soundness.

The bank has set strict guidelines for the issuance of securities, requiring companies to disclose accurate and timely financial information to investors. This transparency helps maintain investor confidence in the market.

In Brunei, the central bank has implemented a robust framework for securities regulation, which includes the Securities Market Order of 2014. This order provides a comprehensive set of rules and guidelines for the securities market, protecting investors and promoting fair market practices.

Securities Excl. Shares

A view of symmetrical commercial buildings in a shopping area in Brunei with lush plants.
Credit: pexels.com, A view of symmetrical commercial buildings in a shopping area in Brunei with lush plants.

The AMBD: Assets: Securities Other Than Shares data has been decreasing, reaching 2,126.018 BND mn in Sep 2024, down from 2,133.296 BND mn in Aug 2024.

This data is updated monthly, averaging 2,199.625 BND mn from Jan 2011 to Sep 2024, with 165 observations. The all-time high was 3,194.145 BND mn in Apr 2013.

The AMBD: Assets: Securities Other Than Shares data has a record low of 601.871 BND mn in Feb 2011. This data is reported by Brunei Darussalam Central Bank.

The AMBD: Lia: Securities Other Than Shares data, on the other hand, has been increasing, reaching 112.067 BND mn in Sep 2024, up from 91.911 BND mn in Aug 2024.

This data is also updated monthly, averaging 37.393 BND mn from Jan 2011 to Sep 2024, with 165 observations. The all-time high was 341.948 BND mn in Jul 2020.

Here's a summary of the key statistics:

Shares & Equity

Shares & Equity play a vital role in the world of securities. The value of Shares & Other Equity can fluctuate greatly over time, as we can see in the data from Brunei Darussalam. In September 2024, the value of AMBD: Assets: Shares & Other Equity was reported at 201.564 BND mn.

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This is an increase from the previous month, August 2024, which had a value of 200.023 BND mn. The data is updated monthly and has been averaging 72.835 BND mn from January 2011 to September 2024.

The value of Shares & Other Equity has reached an all-time high of 232.992 BND mn in December 2021 and a record low of 44.015 BND mn in January 2016. This shows how volatile the market can be.

Here's a quick summary of the data:

The data is reported by the Brunei Darussalam Central Bank and is available in CEIC.

International Cooperation

Brunei Darussalam Central Bank (BDCB) has been actively engaging in international cooperation to strengthen the country's financial sector. This is evident in their Memorandum of Understanding (MoU) with the Monetary Authority of Singapore (MAS) signed in February 2023.

The MoU aims to enhance cooperation in supervision, promoting information exchange and facilitating cross-border on-site inspections. This collaboration will help ensure a conducive environment for financial services industry development in Brunei.

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BDCB has also partnered with Universiti Teknologi Brunei (UTB) to drive innovation in financial technology, research, and capacity building. This strategic partnership represents a comprehensive framework for collaboration between the two institutions.

The MoU between BDCB and UTB focuses on creating synergies between academic research and financial sector expertise, with collaborative initiatives including joint research projects and capacity building programs. This partnership will enhance skills and knowledge for both institutional members and broader professional communities.

BDCB and UTB have committed to organising collaborative events, symposiums, and workshops to provide valuable insights and knowledge-sharing opportunities for professionals and academics. This exchange promises to generate meaningful research and support the development of cutting-edge solutions in financial and technological domains.

Frequently Asked Questions

What is the largest bank in Brunei?

The largest bank in Brunei is Bank Islam Brunei Darussalam (BIBD). It is the leading financial institution in the sultanate, serving the country's banking needs.

What is the banking system in Brunei?

Brunei's banking system comprises eight banks, including one Islamic bank and seven conventional banks, as well as an Islamic Trust Fund. This diverse system provides a range of financial services to the country's citizens and businesses.

Maggie Morar

Senior Assigning Editor

Maggie Morar is a seasoned Assigning Editor with a keen eye for detail and a passion for storytelling. With a background in business and finance, she has developed a unique expertise in covering investor relations news and updates for prominent companies. Her extensive experience has taken her through a wide range of industries, from telecommunications to media and retail.

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