Industry banking Headquarters Kuala Lumpur Type of business savings bank | Products Banking and Finance Founded 1 December 1974 | |
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Bank Simpanan Nasional (English: National Savings Bank) (BSN) is a government owned bank based in Malaysia.
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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, 382 branches and 621 automatic teller machine (ATM) nationwide. 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.
Subsdiaries and associates
The agency has subsidiaries and associates which are involved in asset management, insurance and takaful: