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 Business

BNM financial carnival ends with 'impactful results'

7th August, 2017

KOTA KINABALU: The Sabah Financial Carnival 2017, organised by Bank Negara Malaysia (BNM), ended successfully on Sunday with more than 1,000 bank accounts opened and recorded 400 applications for financing totalling RM30 million.

In addition, the insurance and takaful industry received 130 proposals which amounted to RM850,000 from businesses and individuals.

This, according to the BNM Deputy Governor, Abdul Rasheed Ghaffour, had proven that the carnival was able to achieve an impactful result from the Sabah community.

He applauded the visitors who came not only from Kota Kinabalu but also other areas, namely Beaufort, Kudat and even Semporna to enhance their knowledge on financial matters.

“I was informed that until 3 pm, more than 25,000 visitors had attended the financial carnival.

“Understanding the importance of achieving a fair and sustainable economic growth, the focus of the carnival this time is to help the people and also entrepreneurs become more competitive,” he said in his closing remarks here.

He noted that the carnival adopted the approach of the financial industry reaching out and engaging with members of the public.

The central bank said a total of 43 institutions from the financial industry and its related agencies participated in the three-day event which began on Aug 4.

Abdul Rasheed also said that BNM’s regional office in Sabah would continue to facilitate and channel consumer complaints and redress, as well as provide advisory on banking and insurance matters.

Additionally, financial education programmes to reach out to the local communities in Sabah would also be intensified, he reiterated.

The next financial carnival will be held in Kuching, Sarawak in November this year. One of the visitors at the event, Zakariah Suhara, 37, from Semporna said the carnival was important and beneficial to all generations as it provided them with financial knowledge.

He said he attended the carnival as he wanted to know about his credit information and that the central bank booth had been very useful in providing the details through its Central Credit Reference Information System or CCRIS.

Another visitor, Siti Rupia M Jain, 50, gave the thumbs up to BNM for conducting the carnival, which organised a briefing for her 50 students aged between 10 and 12 years old from SK Inanam Dua.

She said one of the participating banks had given a briefing to the school children on the importance of having savings at a young age. –Bernama

   
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