Friday, 22 November 2019,   24 Rabiulawal 1441H

 

BSN ORGANISED OUTREACH PROGRAM

KEMBARA RIUH SAKAN BSN Promotes EBB and Micro Financing

 

Pendang, 18 June 2014 - Bank Simpanan Nasional (BSN) today organised a mini carnival “Kembara Riuh Sakan BSN”— an Outreach Program roadshow in Pendang, Kedah.  The event was graced by Bank Negara Malaysia (BNM), led by Marina Kahar, the Director of Development Finance and Enterprise, in the presence of Yunos Abd Ghani, Deputy Chief Executive (Community Banking) of BSN.

The outreach program is one of BSN’s and BNM’s ongoing efforts to promote micro financing participation and usage of convenient banking channels in underserved areas such as Pendang. The programme generally aims to reach out to communities in the outskirts of town and inform them the benefits of using the services of Ejen Bank Berdaftar (EBB) BSN and the benefits of BSN’s micro financing scheme.

Some of the activities organized during the event are providing briefing and advisory to the public on the agent banking services and micro financing apart from the community activities.

Speaking during the launch of the mini carnival, Deputy Chief Executive of BSN, Yunos Abd Ghani said that the mini carnival is on track with BNMs’ mission, which is to promote efficiency in banking services together with a vibrant and sustainable micro finance industry.

“As of June, BSN have about 5,300 EBBs nationwide with about 435 agents in Kedah alone. Pekan Kubur Panjang is registered under the Rambai mukim with a population of about 15,000 residents. BSN currently has 12 EBBs actively operating within this mukim and we are optimistic to increase it in the near future,” said Yunos.

He also said that the current overall performance of EBB BSN is recorded at about  20.8 million transactions which amounts to RM1.73 billion with Kedah recording an overall transaction of 2.36 million amounting to RM167 million. (from 2012 to 11 June 2014)

As for BSN’s micro finance, Yunos said that BSN will continue to increase the awareness for BSN micro financing, especially in underserved areas where there exist a significant potential for micro businesses to establish themselves and grow.

“We have about 30,000 micro finance customers and is looking to increase it by about 6,000 by year end,” he continued.

Speaking on behalf of BNM, Marina Kahar said: “BNM recognised the efforts undertaken by participating financial institutions in outreaching the community and elevating the public’s awareness on banking services particularly, in the areas of the Agent Banking and Pembiayaan Mikro. These services will assist the public and entrepreneurs to have access to basic banking services and access to financing for their business needs.”

She continued to say that the introduction of the Agent Banking Regulatory Framework in 2012 is one of the key initiatives under the Financial Sector Blueprint 2011-2020. This initiative aimed to further contribute to the financial inclusion agenda by enhancing accessibility to quality and affordable financial services, particularly in the underserved and remote areas. The agent banking initiatives has already produced impressive results.  Within two years, more than 90 percent out of 837 mukims (sub-districts) with a population of more than 2,000 have at least one financial access point, a significant increase from only 46% in 2011.  This achievement has exceeded the earlier target of 90% by end of 2014. Thus far, there is more than 5,400 agent banks nationwide and with total number of transaction of more than 20 million valued of RM2.3 billion.

“Meanwhile, Pembiayaan Mikro that was introduced in 2006 will continue to provide access to financing to the micro entrepreneur for business expansion in a fast, easy, and convenient manner. Currently, there are 10 participating financial institutions offering the scheme in Malaysia. Total financing under the scheme has amounted to RM855 million with more than 67,000 accounts,” said Marina.

During the event, a visit was made to KP Jaya Enterprise, which is an agent bank of BSN in Kubur Panjang since February 2012.

The owner, Encik Muhammad Noh Ahmad said that being an EBB BSN not only significantly increased his daily sales figures, he also mentioned that residents in the area are happy because of the convenience provided by the service.

“Customers would flock to my mini market to pay bills or perform any of the services provided by EBB BSN, and while doing so they would stop and purchase items as well. Plus, the community now won’t have to travel far to conduct their banking needs anymore,” said Muhammad.

BSN is a statutory body under the Ministry of Finance, was established on December 1, 1974.  Since its inception, all the duties and responsibilities under the Post Office Savings Bank were taken over by BSN.  The bank’s mission is to encourage savings, investment and smart financial management among Malaysians to improve the well-being and quality of life. Now BSN has become a competitive and relevant bank in the financial industry that offers banking convenience and comprehensive banking solutions that meets the current lifestyle of Malaysians.

 

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Press Release