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BANKING
Interest Rate War

Tuesday, April 7, 2009

Banks are concerned about clients with vast funds at their disposal as deposit interest rates remain high.

arsip tempo : 173171704445.

. tempo : 173171704445.

BENNY Soetrisno’s cellphone, on Monday at the beginning of last month, suddenly rang. On the other end was head of the branch of a national bank inviting the CEO of PT Apac Inti Corpora to save his money in a bank deposit product of the banker, with a relatively exciting interest rate as the lure: 12-13 percent a year. “The bank is hungry for funds,” Benny told Tempo in Jakarta last week.

The interest rate offered to the Deputy Chair of Tr

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