AFFIN, Baiduri Bank Expand Malaysia-Brunei Cross-Border Banking Ties

AFFIN Group and Baiduri Bank, Brunei Darussalam’s largest conventional bank, have signed a Memorandum of Understanding to expand cross-border banking between Malaysia and Brunei.

The deal combines AFFIN’s network in Malaysia with Baiduri Bank’s domestic franchise in Brunei, creating a more direct financial corridor for businesses in both markets.

Under the MoU, the banks will explore collaboration across commercial and retail banking, financing, trade finance, treasury, investment banking, stockbroking, asset management and unit trusts.

The partnership comes as bilateral trade between Malaysia and Brunei continues to grow, reaching RM5.8 billion in 2025 and RM2.4 billion in the first half of 2026.

Both countries have flagged further cooperation across trade, investment, energy, tourism and the halal economy, along with closer ties between Brunei, Sabah and Sarawak.

“Malaysia and Brunei Darussalam share strong economic and commercial ties, with significant potential to deepen business and investment flows,” said Datuk Wan Razly Abdullah, President and Group Chief Executive Officer of AFFIN Group. “Combined with Baiduri Bank’s established franchise in Brunei, this gives us greater breadth to meet our customers’ financing, investment and wealth needs.”

“Brunei Darussalam and Malaysia already share deep economic, business and people-to-people ties,” said Ti Eng Hui, Chief Executive Officer of Baiduri Bank. “AFFIN Group and Baiduri Bank are well placed to strengthen those connections and create greater opportunities for businesses and customers in both markets.”

Wan Razly and Ti Eng Hui signed the MoU, witnessed by Ak Nor Muhammad Nizam Pg Haji Tengah, Head of Institutional Banking at Baiduri Bank, and Hasli bin Hashim, Chairman of Affin Hwang Investment Bank Berhad.

Featured image: Edited by Fintech News Malaysia based on an image by AFFIN Group via its Press Release.