New financial blue print from Bank Negara
February 1, 2010 by: editorMalaysia’s central bank, Bank Negara Malaysia, is drawing up a blueprint for the future of the financial sector over the next ten years.
Bank Negara Governor, Dr Zeti Akhtar Aziz, said that the current global economic situation was challenging, but Malaysia would continue to ensure that all parts of society have access to financial services.
Zeti said financial inclusion measures have seen positive results so far, with the country having among the highest level of deposit and loan accounts in the world.
She said that basic banking products and services have been made available at reasonable costs, and that there is widespread access to financial services. “The central bank’s branching policy has encouraged financial institutions to establish an extensive branch network across the country to ensure widespread physical access to financial services.”
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