Understanding Bank Simpanan Nasional and Its Operations

Bank Simpanan Nasional is a Malaysian bank that offers a range of financial services to its customers. It was established in 1974 as a national savings bank.

The bank's primary objective is to promote thriftiness and savings among the people of Malaysia.

Bank Simpanan Nasional has a wide network of branches across the country, making it easily accessible to customers. Its services include deposit accounts, loans, and insurance products.

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Bank Simpanan Nasional has a few subsidiaries that play important roles in the financial industry. One of them is Permodalan BSN Berhad, which is involved in managing financial funds.

The bank also has Prudential BSN Takaful Berhad, a subsidiary that focuses on takaful services. Gibraltar BSN Life Berhad is another subsidiary that handles life insurance services.

Zarir Rawi is the COO of Bank Simpanan Nasional.

Let's take a closer look at the leadership of Bank Simpanan Nasional, and we find that Zarir Rawi holds a key position.

Bank Simpanan Nasional is based in Kuala Lumpur, Federal Territory of Kuala Lumpur. This is a great piece of information to know if you're planning a trip to Malaysia and want to visit their headquarters.

Bank Simpanan Nasional is a financial institution, so it's no surprise that it has a physical location. Knowing where they're based can be helpful if you need to contact them or visit in person.

The North American Industry Classification System, or NAICS, is a system used by the US Census Bureau to categorize businesses by industry.

NAICS codes are a series of numbers that identify a specific industry, and they're usually 6 digits long.

A single NAICS code can represent a broad industry category, while multiple codes can represent a more specific one, like Bank Simpanan Nasional, which has several NAICS codes.

The NAICS codes for Bank Simpanan Nasional are 52212, 522110, 522120, 522, 52, 52211, and 5221.

These codes can be useful for businesses to identify their industry and compare themselves to others in the same field.

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The company has several subsidiaries that play important roles in various financial services. One of its notable subsidiaries is Permodalan BSN Berhad, which focuses on asset management.

Permodalan BSN Berhad is involved in the financial institution's asset management efforts.

Another subsidiary is Prudential BSN Takaful Berhad, which specializes in takaful services.

Prudential BSN Takaful Berhad provides a unique alternative to traditional insurance.

Lastly, Gibraltar BSN Life Berhad is the company's life insurance arm.

Gibraltar BSN Life Berhad offers a range of life insurance products to cater to different customer needs.

Here's a list of the company's subsidiaries involved in financial services:

Bank Simpanan Nasional is a government-linked bank established in 1974 under the Bank Simpanan Nasional Act 1974. It was set up to take over the savings and insurance services previously provided by the Post Office Savings Bank.

The bank was officially launched on December 5, 1974, by the then Prime Minister, Tun Abdul Razak. This marked a significant milestone in the country's financial sector.

Bank Simpanan Nasional is a statutory body under the Ministry of Finance, and it operates as a public company. It offers a range of financial services, including retail banking, takaful, and insurance.

The bank's operations are governed by the Bank Simpanan Nasional Act 1974, which was enacted by the Malaysian Parliament.