Bank Neegara Malaysia Swot Analysis

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The Central Bank of Malaysia is known as Bank Negara Malaysia (BNM), which is a statutory body started to operations on 26 January 1959. Bank Negara Malaysia is governed by the Central Bank of Malaysia Act 2009. The Bank Negara Malaysia take a responsible for issuing as well as retaining the stability of the national currency. In addition, Bank Negara Malaysia mission is too committed to excellence in promoting monetary and financial system stability and fostering a sound and progressive financial sector to provide a conducive environment for the sustainable growth of the Malaysian economy. Furthermore, Bank Negara Malaysia as its main objective is to function with the financial prosperity of Malaysia and therefore essentially it is not-for-profit…show more content…
However, as the financial adviser to the Government, Bank Negara Malaysia gives regular advice to the Government on the management of its domestic and external debts and the terms and timing of Government loan programs. Bank Negara Malaysia also act as the agent for the Government in negotiations and concluding of loan agreements. Beside that, is also responsible for trading, registering, settlement and redemption of Government securities through its computerized systems. (Bank Negara Malaysia-Banking Info,…show more content…
As we know many people usually will not enter directly into financial markets, by the use of intermediaries. In addition, financial intermediary is a process performed by the banks of taking funds from depositor and then lending out to the borrower at relatively high interest rate to the borrower and low interest to the depositors. For instance, an individual want to lend out money RM 100000 and looking for an individual who wants to lend RM 100000. By looking for an individual this would need so much of time consuming and also it difficult to find. Therefore, rather than looking for the individual to borrow, it more efficient to go to bank to borrow money because the bank raises funds from people looking to deposit money, and to lend out to those individual who can afford and need it (Economicshelp.org,

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