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Bank Simpanan Nasional (English: National Savings Bank) (BSN) is a government owned
BSN info websitemyBSN website (Internet Banking)
1974 establishments in Malaysia Government-owned companies of Malaysia Simpanan Banks established in 1974 Companies based in Kuala Lumpur Malaysian brands Ministry of Finance (Malaysia) Privately held companies of Malaysia {{asia-bank-stub
Bank Simpanan Nasional (English: National Savings Bank) (BSN) is a government owned bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
Because ...
based in Malaysia
Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two r ...
. BSN offers banking services via BSN branches and BSN Banking Agents (EB BSN). BSN was incorporated on 1 December 1974 under the Minister of Finance at that time, Tengku Razaleigh Hamzah
Tan Sri Tengku Razaleigh bin Tengku Mohd Hamzah ( Jawi: تڠکو غزالي بن تڠکو محمد حمزة; born 13 April 1937) is a Malaysian politician who served as the Member of Parliament (MP) for Gua Musang from August 1986 to November ...
.
History
Bank Simpanan Nasional was incorporated on 1 December 1974, under the ''Bank Simpanan Nasional Act'', which replaced the Post Office Savings Bank set up in 1948.Subsidiaries and associates
The agency has subsidiaries and associates which are involved in asset management,insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...
and takaful
Takaful ( ar, التكافل, sometimes translated as "solidarity" or mutual guarantee) Khan, ''What Is Wrong with Islamic Economics?'', 2013: p.403 is a co-operative system of reimbursement or repayment in case of loss, organized as an Islamic ...
:
* Permodalan BSN Berhad (unit trust fund management)
* Prudential BSN Takaful Berhad (takaful)
* Gibraltar BSN Life Berhad (life insurance)
See also
* Post Office Savings Bank (Singapore) *List of banks in Malaysia
This is a list of financial institutions in Malaysia.
Central Bank
* Bank Negara Malaysia (The Central Bank of Malaysia)
Top largest banks in Malaysia
List of Malaysian banks by Total Assets as of 31 March 2020
Malaysian national nationwi ...
References
Further reading
*External links
BSN info website
1974 establishments in Malaysia Government-owned companies of Malaysia Simpanan Banks established in 1974 Companies based in Kuala Lumpur Malaysian brands Ministry of Finance (Malaysia) Privately held companies of Malaysia {{asia-bank-stub