Malaysia legislation
Section 4
Section 4
Objects of the Bank
The principal objects of the Bank shall be—
(a)
to promote and mobilize savings, particularly from small savers, and to encourage thrift and the saving habit;
(b)
to provide means for savings by the general public;
(c)
to utilize the funds of the Bank for investments, including financing for the economic development of the nation;
(d)
to assume the functions and responsibilities of the Post Office
Savings Bank; and
(e)
to promote the interests of its depositors and other customers.
Powers of the Bank