Bank QNB Indonesia supports ASSA Rent’s fleet expansion with IDR500 billion term loan facility
20 November 2025 – PT Bank QNB Indonesia Tbk (“Bank”), part of QNB Group – the largest financial institution in the Middle East and Africa – continues to strengthen its role as a trusted financial partner for corporate clients in Indonesia by providing innovative and tailored financing solutions.
On 20 November 2025, PT Adi Sarana Armada Tbk, widely known as ASSA Rent and part of the Triputra Group, signed a credit agreement with Bank QNB Indonesia for a term loan facility of IDR500 billion. The facility is intended to support ASSA Rent’s fleet expansion, optimize working capital, and drive ongoing business growth, enabling the Company to serve a wider customer base and strengthen operational capacity in line with rising demand for corporate mobility and logistics services in Indonesia.
ASSA Rent has grown into one of the largest integrated mobility players in the country, operating a nationwide fleet of more than 30,000 units including passenger cars, commercial vehicles, and specialized units. The company also provides professional drivers and fleet outsourcing services to corporate clients across multiple industries. In addition, ASSA has expanded into logistics and tech-driven delivery solutions through its ecosystem, reinforcing its role in Indonesia’s rapidly growing mobility and logistics sector, supported by a nationwide network of 1,500 service and maintenance facilities.
“By providing this term loan facility, we are pleased to support ASSA Rent in its business expansion and fleet growth. Financing solutions like this help companies strengthen their operations, increase efficiency, and create sustainable value for their stakeholders,” said Mario Utama, Corporate & Institutional Banking Director of PT Bank QNB Indonesia Tbk.
The partnership between Bank QNB Indonesia and ASSA Rent demonstrates the Bank’s ongoing commitment to delivering tailored financial solutions to leading businesses, while reinforcing the role of the banking sector in supporting Indonesia’s economic growth and corporate mobility infrastructure.
This collaboration reflects Bank QNB Indonesia’s broader Corporate & Institutional Banking strategy, which focuses on providing client-centric solutions across key sectors, backed by strong governance, prudent risk management, and the global expertise of QNB Group.
