Daim Growing His Indonesian Bank - The Edge

Daim's flagship of Bank ICB Bumiputera has transformed under his eadership and is thriving in the Indonesian market.

According to ICB Bumiputera's FY2009 annual report, its credit card business grew four-fold to about 50,000 cards in circulation. In 2004, it only had 3,000 cardholders under its belt. The bank's credit card business is among its fastest-growing segment, apart from personal loans and micro-credit business.

Some Indonesian bankers said, "Daim's Indonesian venture is expanding its consumer banking operations aggressively, as Indonesian experiences an economic boom from rising commodity prices and increasingly wealth population.