QNB Indonesia Continues to Maintain Positive Momentum, Achieves Double-Digit Growth in 2024
7 March 2025 - PT Bank QNB Indonesia Tbk (“Bank”) announced its financial result for the year ended in 31 December 2024. Despite global and national economic challenges, the Bank successfully sustained its positive performance, recording a profit before tax of IDR86.41 billion, reflecting a 24.78% increase compared to the previous year.
“Our strong financial result in 2024 are a testament to our disciplined strategy and alignment with regulatory direction. We achieved solid growth across key indicators – profitability, asset quality, and liquidity – while maintaining a prudent and responsible banking approach,“ said Nick Groene, President Director of PT Bank QNB Indonesia Tbk.
The Bank continued to fulfill its intermediary role effectively, achieving impressive growth in both third-party funds and loan disbursements. Third-party funds grew by 15.82%, while loan disbursements increased by 46.18% as of December 2024.
This strong growth also contributed to an increase in the Bank’s total assets, which rose 9.35% year-on-year to IDR12.85 trillion.
At December 2024, the Bank also successfully maintained its net non-performing loan at 0.71%, remaining slightly below the industry average of 0.77% as of October 2025. This achievement was accompanied by a decline in provisions, reflecting the Bank’s effective asset quality management and prudent risk approach.
Meanwhile, the Bank’s liquidity position also remained solid, with Liquidity Coverage Ratio (LCR) of 174.70% and Net Stable Funding Ratio (NSFR) of 154.36%, both well above the regulatory minimum requirement of 100%.
In line with its strong financial performance, the Bank also recorded an increased Return on Asset (ROA) of 0.74% and Return on Equity (ROE) of 1.31%.
Supported by QNB Group, the largest financial institution in Middle East and Africa, QNB Indonesia continued to strengthen its capital structure to drive future growth and execute strategic initiatives. The Bank’s capital adequacy ratio (CAR) stood at 56.15% as of December 2024, reflecting a solid capital base. While this indicates strong resilience, it also highlights the opportunity to optimize capital utilization for future growth and expansion.
“Looking ahead, through digital innovation, products and services development, as well as enhanced risk management capabilities and culture, we strive to create lasting value for our customers, employees, and the communities we serve. We are also committed to sustainable growth that goes beyond banking to ensure we bring positive change while delivering excellence in banking,” Nick added.
In 2024, the Bank’s efforts to employee engagement and well-being earned it a prestigious recognition from a leading international publication, HR Asia. The Bank was named “The Best Companies to Work for in Asia 2024” and “Most Caring Companies 2024” for its efforts in fostering a positive and supportive workplace culture.
