PT Bank QNB Indonesia Appointed New Independent Commissioner to Strengthen Its Management

Web Posted on : Mon, 12 Oct 2015

Jakarta, October 9 2015 – Today, PT Bank QNB Indonesia Tbk (“Bank QNB Indonesia”) has convened an Extraordinary General Meeting of Shareholders (“EGM”) that was held at QNB Tower, 18 Parc SCBD, Jl. Jend. Sudirman Kav. 52-53, Jakarta.

The Shareholders attended the EGM has approved the resignation of Mr. Hery Syafril from his position as Director, the appointment of Mr. Djoko Sarwono as Independent Commissioner and the appointment of Mr. Windiarto Tabingin as Bank QNB Indonesia’ Independent Director.

The Composition of the Board of Directors and the Board of Commissioners of Bank QNB Indonesia are as follows:

Board of Directors
President Director Mr. Andrew McGregor Duff
Director Mr. Azhar bin Abdul Wahab
Director Mr. Rusli
Director Mr. Lloyd Rolston
Director Mr. Novi Mayasari
Director Mr. Windiartono Tabingin
Board of Comissioners
President Commissioner Mr. Ali Ahmed Z A Al Kuwari
Independent Commissioner Mr. Suroto Moehadji
Independent Commissioner Mr. Muhammad Anas Malla
Independent Commissioner Mr. Djoko Sarwono *
Commissioner Mr. Mr. Grant Eric Lowen
Commissioner Mr. Muthu Chidambaram

*Effective after the approval from Financial Services Authority (OJK)

With the appointment of Mr. Djoko Sarwono as the Independent Commissioner of the Bank, we believe it will further strengthen the management and support the Bank to realize its vision to be one of the top banks in Indonesia. His experience and expertise both as regulator and practitioner in financial institutions will provide contribution to the Board of Commissioners in carrying out their functions and provide advice to the Board of Directors towards the development of Bank QNB Indonesia in the future.

QNB Indonesia Performance

In the first semester of 2015, Bank QNB Indonesia’s total assets grew by 11% from Rp20.8 trillion at the end of 2014 to Rp23.1 trillion at the end of June 2015.

The increase was mainly contributed from the the growth of loan portfolio by 22% or Rp 3.3 trillion, from Rp 15.1 trillion in 2014 to Rp 18.4 trillion at the end of June 2015; exceeding the average national loan growth of 14% - 16%. The Bank's loan portfolio is still dominated by the Corporate and Commercial loan which covered 94% of the total loan portfolio of the Bank. The Bank always implement prudential principles in growing its loan portfolio.

The loan growth is supported by an increase of Third Party Funds amounting to 17% or Rp 2.8 trillion, from Rp 16.2 trillion in 2014 to Rp 19 trillion at the end of June 2015. The growth in Third Party Funds was also above the average national deposits growth of 13% -15%.

To support the business growth and achieve its vision to become one of the top banks in Indonesia, Bank QNB Indonesia continues to invest in infrastructure development, IT systems while investment in human resources are done through trainings and recruitment of highly skilled employees. However, the Bank always keeps its efficiency level so that the profitability and financial ratios are maintained at adequate level. As per June 2015, the Bank recorded profit before tax of Rp 39 billion, significantly higher than the same period last year of Rp10.3 billion.

About QNB

PT Bank QNB Indonesia Tbk (formerly PT Bank QNB Kesawan Tbk) is part of QNB Group begun on 28 April 1913, since the establishment of NV Chunghwa Shangyeh (The Chinese Trading Company Limited) in Medan. In 1965, the company change its name once more to PT Bank Kesawan and its headquarter was relocated to Jakarta in 1990. In November 5, 2014 the Company accomplished a monumental transformation of name and logo; from PT Bank QNB Kesawan Tbk into PT Bank QNB Indonesia Tbk. Bank QNB Indonesia has 49 branch offices all over Indonesia with 62 ATMs and supported by 49,000 ATM Bersama and MEPS network. In 2015, Pemeringkat Efek Indonesia (PEFINDO) assigns its “idAA” rating to PT Bank QNB Indonesia Tbk.

About Qatar National Bank (QNB Group)

Qatar National Bank (QNB Group), was established in 1964 as the country’s first Qatari-owned commercial bank, has an ownership structure split between the Qatar Investment Authority (50%) and the private sector (50%). QNB Group has steadily grown to be the biggest bank in Qatar and leading financial institution in the Middle East and North Africa Region with a market share around 45% of banking sector assets. Bloomberg Markets, the leading provider of Business, Financial and Economic news ranked QNB as “One of the World’s Strongest Banks” again in 2014. The Global Finance Magazine ranked QNB as “One of The Top 50 Safest Banks in the World” in 2013. For two consecutive years, 2014 and 2015, Euromoney Magazine recognized the Bank as “The Best Bank in The Middle East”.

QNB Group continues to witness robust international expansion. QNB has acquired a 20.0% stake (both ordinary and QNB convertible preference shares) in Ecobank Transnational Incorporated (Ecobank), the leading pan-African bank. In 2013, the Group successfully completed the acquisition of a controlling stake of the second largest private bank in Egypt, QNB ALAHLI (QNBAA), amounting to 97.12%. The Group has also extended its regional reach by acquiring stakes in various financial institutions including 35% stake in the Jordan-based, the Housing Bank for Trade and Finance (HBTF), 40% in Commercial Bank International (CBI) based in the United Arab Emirates (UAE), 99.96% of QNB Tunisia, 51% in the Iraqi-based Mansour Bank, 49% of the Libyan based Bank of Commerce & Development and 20% stake in Al Jazeera Finance Company in Doha. QNB Group also retains 51% stake in QNB-Syria and an 83% stake in QNB Indonesia (previously known as QNB Kesawan). In 2013, QNB Group also opened a representative office in China and established a fully owned subsidiary in India under the name of “QNB India Private Limited”. In March 2015, QNB Group officially started operating its “Qatar National Bank S.A.Q. Ho Chi Minh City representative Office” in Vietnam.

The Group’s presence through its subsidiaries and associate companies extends to more than 27 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is more than 15,000 operating through more than 635 locations, with an ATM network of more than 1,350 machines. QNB Group is among the highest rated regional banks from leading credit rating agencies including Standard & Poor’s (A+), Moody’s (Aa3), Fitch (AA-/F1+), and Capital Intelligence (AA-).

Corporate Communications
PT Bank QNB Indonesia Tbk
QNB Tower, 18 Parc SCBD
Jl. Jendral Sudirman Kav. 52-53
Jakarta 12190
P. (+62 21) 515 5155
F. (+62 21) 515 4553
Interest & Exchange Rate
Deposito 1 3 6 12
USD* 1 1.25 1.25 1.25
SGD* 1 1 1 1
Rupiah 6.25 6.50 6.50 6.50

*Untuk penempatan minimum IDR 100 Juta

*Untuk penempatan minimum USD 10k

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