title: Bank Simpanan Nasional
text: # Bank Simpanan Nasional
  
  Bank Simpanan Nasional (English: National Savings Bank) (BSN) is a government owned bank based in Malaysia. BSN offers banking services via BSN branches and BSN Banking Agents (EB BSN). BSN was incorporated on 1 December 1974 under the Minister of Finance at that time, Tengku Razaleigh Hamzah.
  
  ## History
  
  Bank Simpanan Nasional was incorporated on 1 December 1974, under the Bank Simpanan Nasional Act, which replaced the Post Office Savings Bank set up in 1948.
  
  ## Subsidiaries and associates
  
  The agency has subsidiaries and associates which are involved in asset management, insurance and takaful:
  
  * Permodalan BSN Berhad (unit trust fund management)
  * Prudential BSN Takaful Berhad (takaful)
  * Gibraltar BSN Life Berhad (life insurance)
  