Deutsche, BII sign deal

Deutsche, BII sign deal

JAKARTA (JP): The Deutsche Bank and Bank Internasional
Indonesia (BII) of Sinar Mas Group announced yesterday that they
had signed an agreement to launch a charge card "db-Visa Gold"
for selected Deutsche Bank clients in Indonesia later this month.

The Deutsche Bank said yesterday that the new card was the
first charge card it had offered to customers in Asia.

"The card will give customers a great deal of flexibility and
will be an important addition to the broad range of products we
offer," said Nikita Rossinsky from the Deutsche Banks' personal
and private banking operations in Indonesia.

BII president Indra Widjaja said the Deutsche Bank was looking
for a quality partner with which they could launch the db-Visa
Gold card.

"Their decision to work with us reflects our expertise and
leading market position," Indra said.

The Deutsche Bank said that private banking was one of its
group's major businesses, with more than 70 private banking units
in 28 countries worldwide.

The bank said its private banking division was one of the
leading providers of personal wealth management, managing in
excess of Dm60 billion outside Germany. (aly)