Wealth Management Business Thrives in the Era of High Interest Rates

Several banks are intensifying their efforts in the wealth management sector, recognizing its potential to drive growth within the banking industry. Experts indicate a positive trend for this segment in 2024.

Arlina Laras

28 Feb 2024 - 17.36
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Wealth Management Business Thrives in the Era of High Interest Rates

Bisnis, JAKARTA -- Several banks are intensifying their efforts in the wealth management sector, recognizing its potential to drive growth within the banking industry. Experts indicate a positive trend for this segment in 2024.

Amin Nurdin, Senior Faculty at the Indonesian Banking Development Institute (LPPI), noted that amidst the backdrop of political events such as simultaneous national and local elections, the expansion of businesses seems to be in a wait-and-see phase.

"Business people are still waiting because we are currently navigating economic conditions and inflation [which require careful monitoring]," he stated to Bisnis on Tuesday (27/2/2024).

Consequently, he views investment in wealth management as an alternative instrument favored by the public.

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© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.