Bank Simpanan Nasional

Government owned bank based in Malaysia

Bank Simpanan Nasional
Company type	State-owned enterprise
Industry	Banking
Founded	1 December 1974
Founder	Government of Malaysia & Tengku Razaleigh Hamzah
Headquarters	Kuala Lumpur, Malaysia
Number of locations	390 branches (As of February 2021)
Key people	Jay Khairil Jeremy as CEO
Products	Banking and Finance
Revenue	RM1.04 billion (2019)^[1]
Number of employees	7,400 (As of February 2021) ^[2]
Website	https://www.bsn.com.my/

Bank Simpanan Nasional (English: National Savings Bank) (BSN) is a government owned bank based in Malaysia. 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.

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.^[4]

Subsidiaries and associates

The agency has subsidiaries and associates which are involved in asset management, insurance and takaful:^[5]

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

References

^ "BSN Revenue 2019". Free Malaysia Day. Retrieved 26 September 2019.
^ "Number of Employee". The Star. Retrieved 3 February 2021.
^ "Corporate Profile". Bank Simpanan Nasional. Retrieved 21 September 2020.
^ "Act 146 BANK SIMPANAN NASIONAL ACT 1974" (PDF). Retrieved 20 April 2021.
^ Annual Report 2014, Bank Simpanan Nasional, archived from the original on 31 March 2015, retrieved 23 August 2015