Bank Simpanan Nasional (English: National Savings Bank) (BSN) is a government owned

bank A bank is a financial institution that accepts Deposit account, 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 m ...

based in

Malaysia Malaysia is a country in Southeast Asia. Featuring the Tanjung Piai, southernmost point of continental Eurasia, it is a federation, federal constitutional monarchy consisting of States and federal territories of Malaysia, 13 states and thre ...

. BSN offers banking services via BSN branches and BSN Banking Agents (EB BSN). BSN was incorporated on 1 February 1990 under the Minister of Finance at that time,

Tengku Razaleigh Hamzah Tengku Razaleigh bin Tengku Mohd Hamzah (Jawi alphabet, Jawi: تڠکو غزالي بن تڠکو محمد حمزة; born 13 April 1937) is a Malaysian people, Malaysian politician who served as the Dewan Rakyat, Member of Parliament (MP) for Gu ...

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 protect ...

and

takaful Takaful (, 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 or ''sharia''-comp ...

: * Permodalan BSN Berhad (unit trust fund management) * Prudential BSN Takaful Berhad (takaful) * Gibraltar BSN Life Berhad (life insurance)

References

External links

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

History

Subsidiaries and associates

See also

References

Further reading

External links