BSN expects SSP deposits to hit RM3bil by mid-2016

PETALING JAYA: Bank Simpanan Nasional (BSN) expects to rake in RM300mil in deposits for its Premium Savings Certificate (SSP) next year and total deposits for SSP to reach RM3bil by mid-2016.

Deputy chief executive for business support, Ahmad Latfan Mohd Amran said the bank was confident of achieving these targets, despite the unfavourable economic situation.

“Up to Dec 27, BSN recorded a net increase of RM174mil, bringing total deposits for SSP to RM2.91bil,” he told a press conference after the prize giving ceremony of BSN’s SSP special, monthly, local and weekly draws.

BSN SSP has now marked its 37th anniversary since its introduction in 1978.

Ahmad Latfan said in line with the Government’s effort to inculcate a savings culture among youths, BSN had introduced a new draw category, Junior Draw, next year for those aged between 12 years and 23 years.

He said growth in the youth segment had increased by 39% in 2015 compared with 9% in 2014.

“We are encouraged by this improvement and we hope this performance will be sustained in 2016,” he added. – Bernama