Citibank Indonesia has launched three new credit-cards after the country’s central bank lifted the ban on the lender’s credit-card business six months ago.
In May 2011, Bank Indonesia debarred Citibank from offering new credit cards for two years when debt collectors working for Citibank lender were linked to the death of a client. The ban had prevented Citibank from adding new credit card clients.
The three new credit cards are Citi PremierMiles, Citi Rewards and Citi Cash Back, according to the Jakarta Globe.
Citibank Indonesia consumer business managing director Lauren Sulistiawati was quoted by the news agency as saying, "This is a new page for Citibank. We are coming back strong with new innovations."
Sulistiawati expects the new credit cards to increase the number of Citibank credit customers to between 1.1 million and 1.2 million next year, from the 1 million currently.
"In line with the growth of cardholders, transactions will grow by 18 to 20%," Sulistiawati added.