UOB Indonesia optimistic about Indonesia's economic growth in 2012, the Year of the Water Dragon

Jakarta, 2 February 2012 – PT Bank UOB Indonesia (“UOBI”) stated that the improved Indonesia’s investment rating indicates that the country's macroeconomic conditions are increasingly stable amidst the turbulent global economic conditions. Indonesia will continue to survive with domestic demands, middle income segment and the commodity sector which can be used as a mainstay in this uncertain economic condition.

In the 2012 Economic Outlook seminar entitled "Journey of Wealth in the Year of Dragon", Armand B. Arief, President Director of UOBI said, “With the improvement in Indonesia's investment ranking this year, which is based on a survey from Moody's Indonesia, increasing to the BBB level - Indonesia becomes a country that is eligible for investment and it will bring great opportunities for the country’s market. This brings an impact on the strengthening of the country's position among domestic and global investors, which can encourage business expansion.”

"The greater investment opportunities encourage UOBI to continue to innovate in creating attractive banking products," Armand continued.

In the meantime, in his seminar presentation, Chatib Basri stated that "The current global economic recession has no significant impact on the economy in Indonesia because it is supported by the fairly large domestic market in the country and contributes to the increase in Indonesia's Gross Domestic Product (GDP)."

Indonesia's GDP in 2012 is recorded at 5.5 - 6.5% with an inflation rate of 4.5 - 5.5% which is still fairly stable. The GDP posted is in line with the growth of the middle class which forms a trend of consumption and new businesses that spur Indonesia's economic growth. This should provide opportunities for the Indonesian economy to develop this year. However, it is inevitable that government intervention and support in maintaining and improving the economic condition is urgently needed.

Seeing the existing economic opportunities in Indonesia, UOBI as a banking partner is committed to always providing the best financial solutions and services for customers by always considering the obstacles that may arise in the future.