BSN Aims For 17 Per Cent Overall Loans Growth This Year

KUALA LUMPUR, April 3 (Bernama) -- Bank Simpanan Nasional (BSN) is aiming for an overall loans growth of 17 per cent in 2013, slightly lower than last year, said its Deputy Chief Executive (Retail Banking), Winston E. Jeyaprakash.

Source from (The Sun Daily): http://www.thesundaily.my/news/652916
Published: April 04, 2013

Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=939212
Published: April 04, 2013

"We foresee challenges in the market. There is also the Bank Negara lending guidelines that we need to comply with.This is the reason for targeting a lower loans growth of 17 per cent," he added.

He said total loans for last year grew about 21 per cent to RM2 billion.

"Personal loans contributed RM1.3 billion, mortgages RM650 million and micro finance about RM100 million," Winston told Bernama.

BSN to date is the biggest micro finance lender in the country with over eight million customers nationwide.

Meanwhile, Winston described recent BSN's campaign to promote its products as being "very successful".

The six-month long campaign featuring the Customer Update Campaign through ATM, Capai Impian Berganda and Stash your Cash, ended on Jan 31 and saw the participation of one million customers.

For the Stash your Cash campaign alone, BSN achieved deposits of between RM750 million and RM800 million, surpassing its initial target of RM400 million.

The prize-giving ceremony for the different campaigns here today saw selected customers receiving cash rewards and products such as mobile phones based on their participation.

The event was officiated by BSN's newly-appointed Chairman, Tan Sri Abu Bakar Abdullah.

Also present was BSN Chief Executive Officer Datuk Adinan Maning and Deputy Chief Executive (Community Banking) Yunos Abdul Ghani and Winston.

-- BERNAMA