Tuesday, September 11, 2012

BSN expects RM1.3bil net income this year

Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/9/11/business/12003598&sec=business

Published: September 11, 2012

KUALA LUMPUR: Bank Simpanan Nasional (BSN) expects its net income to touch RM1.3bil this year from RM1.03bil in 2011, 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 expected better contribution from its non-interest income with the bank's enhanced infrastructure for wealth management and remittance.

He said 2012 was expected to be a better year for BSN as it had plans for enhanced versions of existing products as well as better and efficient online banking services.

“We are improving our infrastructure and banking channels such as Internet banking. We are bringing it to a very new level.

“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 RM130mil as of Aug 31, 2012,” Winston told reporters on the sidelines of BSN's Hari Raya open house yesterday. Bernama

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