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Deposit insurer reaches out to Sabah

05/06/2008

Kuala Lumpur, 5 June 2008: Perbadanan Insurans Deposit Malaysia (PIDM) will be in Kota Kinabalu next week as part of its Corporate Outreach to further educate its stakeholders about deposit insurance and to bring it closer to the local community that it serves.

The 2008 annual Corporate Outreach is the second such event to be organized by PIDM to further raise public awareness about deposit insurance and the role of PIDM as the national deposit insurer. The inaugural Corporate Outreach was held in Penang last year.

“We always look for opportunities to reach out to the local community and our Corporate Outreach programme provides an excellent platform. As the national deposit insurer, it is our responsibility to create awareness and educate depositors on how deposit insurance works for them. Informed depositors contribute to greater public confidence which leads to enhanced financial system stability,” said Jean Pierre Sabourin, Chief Executive Officer of PIDM.

PIDM’s visit to Kota Kinabalu includes an official visit to senior officials, media briefing for the local press, a dinner meeting with Government officials and the business community, and a free public talk on financial consumer protection. PIDM will also hold a Board of Directors meeting in Kota Kinabalu during its visit.

The free public talk is part of its on-going public awareness initiatives. Besides PIDM, the panel of speakers will be from Bank Negara Malaysia (BNM), Agensi Kaunseling dan Pengurusan Kredit (AKPK) and the Financial Mediation Bureau (FMB). Topics presented will include deposit insurance, banking, credit management and avenues for financial disputes.

“We welcome the public to join us for the free public talk. This is one of the rare opportunities where main financial consumer protection agencies come together to offer their perspective on financial matters. We look forward to meet and listen to the community that we serve,” continued Sabourin.

The free public talk will be held at the Ballroom 3, The Pacific Sutera, Sutera Harbour Resort on Thursday 12 June 2008 from 2.00 p.m. to 5.30 p.m.

For more information about the free public talk or PIDM’s 2008 Corporate Outreach programme, visit www.pidm.gov.my or call 1-800-88-1266.

For more information about this press release, kindly contact :

S.Loganathan, General Manager, Communications and Public Affairs Division
(Tel : 03-2173 7455)

Zeti Zahariah Zainul, Manager, Communications and Public Affairs Division
(Tel : 03-2173 7457)

ABOUT PIDM

PIDM administers the Government-backed deposit insurance in Malaysia. We protect depositors – automatically – up to RM60,000 per depositor per member institution. For further information:

Call 1-800-88-1266, 8.30am to 5.30pm on Monday – Friday (excluding public holidays)
Email: info@pidm.gov.my
Visit: www.pidm.gov.my

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