BSN eyes RM1.3B net

Bank Simpanan Nasional targets to increase its net income to RM1.3 billion by the end of this year from RM1.032 billion in 2011.

This will be mainly driven by higher loan revenue and better utilisation of the community bank through various government initiatives.

Deputy Chief Executive (Retail Banking) Winston E. Jeyaprakash said this year, BSN expects better contribution from its non-interest income with the bank's enhanced infrastructure for wealth management and remittance. BSN is also planning to enhance versions of existing products as well as better and efficient online banking services.

"We are also looking to increase our agent base for the banking beyond branches (3B) services to 3,000 agents by end of this year from 2,016 agents who have done 1.3 million transactions worth about RM130 million as of Aug 31, 2012," said Jeyaprakash.

BSN's 3B is a branchless banking concept, offering financial accessibility to customers, especially in areas without banks, and enables customers to perform banking transactions conducted by authorised agents at retail outlets.

For more.

Also Read

VPBank’s asset quality at risk amidst housing slowdown

Thailand’s Kiatnakin Phatra Bank’s loan portfolio to benefit from rising car prices

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit