As the backbone of the financial system, the banking system has the potential to take the adverse effect of global recession. In spite of this, Indonesia has proven itself to be better prepared than when the country was hit hard by the 1997 monetary crisis. It’s 2009 and the growing number of well-to-do customers in the country witnesses how their presence has captured the attention of the retail banking market. To banks, mass affluent customers incontestably contribute much more p … [Read more...]