BANK Simpanan Nasional (BSN) expects home financing, the second largest contributor to its total loan portfolio, to increase to RM3.1 billion by the end of this year from RM2.6 billion now. BSN chairman Datuk Seri Abdul Azim Mohd Zabidi said the increase will be partly due to contribution from the public housing loan scheme, which will add growth to its housing loans by 20 to 30 per cent. BSN is one of the banks that have signed agreements with Syarikat Jaminan Kredit Perumahan Bhd, a subsidiary of the Finance Ministry, to provide guarantee to financial institutions that disburse the loans under the scheme.
(24-1-2008 New Straits Times)
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