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Bank Simpanan National
 * http://www.bsn.com.my

BSN was incorporated on 1st December 1974 under the Ministry of Finance. With its incorporation, BSN has taken over all the duties and responsibilities of the Post Office Savings Bank. BSN’s mission is to encourage savings, investments and smart financial management among Malaysians to increase their quality of life. In 2010, BSN recorded good financial performance with an operating profit before tax of RM505 million,(1 MYR = 0.320000 USD  1 USD = 3.12500 MYR )an increase of 8.1% compared to 2009. This shows BSN achieved its projected and planned targets. This achievement was attributed largely to financing,investment, debt recovery and fee income as well as expenditure control activities. Total BSN retail depositors in 2010 achieved savings of RM10,980 million. The Islamic banking portfolio undertaken by BSN also showed potential. In 2010, Islamic banking showed growth in assets of RM595 million from RM6,505 million in 2009. This growth was an increase of 9.2%, thus contributing to the increase in reserves from RM295 million in 2009 to RM489 million in 2010. BSN has also taken initiatives to expand its Islamic banking portfolio by providing financing facilities based on Sharia principles. In order to continue as one of the participants in an increasingly integrated Islamic banking environment, BSN has taken another step forward bysetting up centres to offer Islamic banking facilities. In 2010, BSN had 23 Islamic banking branches operatingacross the country. This was intended to enhance the capability of Islamic banking services to all existing and new BSN customers. Access to banking facilities remained the main agenda of BSN’s social mandate. To ensure the delivery channels satisfy the increasingly sophisticated needsof the customers, BSN provided a network of 384 branches, 858 ATMs and 128 cash deposit machinesacross the country as at 31 December 2010.