Bank Simpanan Nasional
Bank Simpanan Nasional (English: National Savings Bank) (BSN) is a government owned bank based in Malaysia.
Government-linked company | |
Industry | Banking |
Founded | 1 December 1974 |
Headquarters | Kuala Lumpur, Malaysia |
Products | Banking and Finance |
Website | https://www.mybsn.com.my/ |
History
BSN was incorporated on 1 December 1974 under the Minister of Finance at that time, Tengku Razaleigh Hamzah. With its incorporation, BSN has taken over all the duties and responsibilities of the Post Office Savings Bank.
BSN’s mission is to encourage savings, investments and smart financial management among Malaysians to increase their quality of life. BSN has more than 5,100 employees, 400 branches, 5,000 EBB agents and 621 automatic teller machine (ATM) spread all over Malaysia. BSN has more than 7 million customers spread throughout the length and breadth of the country and with savings of more than RM 8 billion. BSN is continuously enhancing its services as well as expanding its range of products for the benefit of its customers. BSN’s main products include Personal Financing, mortgage loans, Premium Saving Certificate (SSP), Islamic Banking Scheme, Giro Savings Account, BSN Matrix and Matrix-i Debit Card as well as VISA and MasterCard credit card.[1]
Subsidiaries and associates
The agency has subsidiaries and associates which are involved in asset management, insurance and takaful:[2]
- Permodalan BSN Berhad (unit trust fund management)
- Prudential BSN Takaful Berhad (takaful)
- Gibraltar BSN Life Berhad (life insurance)
References
- Main Archived 2008-01-02 at the Wayback Machine
- Annual Report 2014, Bank Simpanan Nasional, retrieved 2015-08-23
Further reading
- Nick Leong (August 9, 2006). "BSN and Prudential to tap takaful market". The Star Online. Retrieved 2006-09-15.