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Jakarta Post

DBS see its consumer bank's double digit growth

  • Benget Besalicto Tnb.

    The Jakarta Post

Jakarta   /   Thu, February 26 2009   /  01:58 pm

Despite the ongoing economic crisis and tougher competition in the consumers market, DBS bank is still confident of 10 percent growth in its consumer banking. "We expect slower growth this year. But I believe our consumer banking can still reach double digit growth," Kankipati Rajan Raju, the commissioner of PT Bank DBS Indonesia told a press gathering here on Wednesday, without giving any detailed figures. Raju, who is also the bank group's managing director noted that in line with the increase in consumer banking, DBS will also see an increase in savings, and for insurance products. "Because I think people are also seeking to protect their wealth. So we see the growth of investment products required for their wealth protection," said Raju, who claimed that its "AA-" and "Aa1" credit ratings are among the highest credit ratings in the region. Head of the bank's consu...