PT Bank QNB Indonesia Tbk opens new office in central area of Jakarta

PT Bank QNB Indonesia Tbk opens new office in central area of Jakarta

Jakarta, 23 September 2019 – QNB Group, the largest financial institution in the Middle East and Africa, announced the opening of its new headquarters on the 8th floor of the Revenue Tower, located in Senayan, Jakarta. The grand opening ceremony was attended by Abdulla Mubarak Al-Khalifa, QNB’s Acting Group CEO, who then received a tour of the new premises.

The relocation of the Bank’s head office to the central area of Jakarta is in line with QNB’s ongoing plan to strengthen its positioning in the Indonesian banking sector, as well as part of the Bank’s plans to expand relations with customers and partners.

Stewart Hall, the CEO of PT Bank QNB Indonesia Tbk, explains: "The Head Office move is a part of our plans to boost our position in the Indonesian financial markets. We are optimistic about the outlook for Indonesia and see significant opportunities here, which we intend to participate in as we strengthen our presence in this market.”

Commenting on the relocation, Mr. Al-Khalifa said:  "Through our global network, our presence in Indonesia will be utilized as a catalyst to stimulate and develop “East-West” flows of trade between Indonesia and the Middle East and Africa by extending intermediary services and entrepreneurial opportunities in the field of investment and trade through our corporate banking solutions.”

Last August, PT Bank QNB Indonesia Tbk successfully achieved an idAAA rating from the PT Indonesian Securities Rating Agency (PEFINDO). The idAAA rating is the highest rank provided by PEFINDO by reviewing the Bank’s capabilities and performance in building strong commitment for its long-term economic growth. PT Bank QNB Indonesia Tbk obtained the idAAA rating with the support and commitment of the QNB Group.

QNB Group currently operates in more than 31 countries and across 3 continents. QNB Group was also named the Most Valuable Banking Brand in the MEA region with a value at USD 5 billion and recognized as the region’s biggest bank by Tier 1 capital of USD 22.5 billion. QNB Group also succeeded in becoming the first MEA financial institution in The Banker magazine’s Top 1000 Banks listing.

About QNB Indonesia

PT Bank QNB Indonesia Tbk was established in Medan in 1913 under the name NV Chunghwa Shangyeh Maatschappij which later in 1965 changed its name to PT Bank Kesawan. The Bank moved its headquarters to Jakarta in 1990. In 2011, the Bank strengthened its capital structure through the Right Issue that made Qatar National Bank (Q.P.S.C.) or QNB Group as the controlling shareholder and later changed its name to PT Bank QNB Kesawan Tbk.

The Bank made a major transformation in its name and logo on 5 November 2014; from PT Bank QNB Kesawan Tbk changed to PT Bank QNB Indonesia Tbk. Currently, the Bank has 21 branches and 48 ATMs spread across Indonesia and is supported by more than 100,000 ATM Bersama and PRIMA network. In 2018, through Right Issue VI ownership of QNB Group shares rose to 92.48%. The Indonesian Securities Agency (PEFINDO) assigned a rating of "idAAA" to PT Bank QNB Indonesia Tbk until 1 April 2020.

About Qatar National Bank Q.P.S.C. (QNB Group) 

Qatar National Bank (Q.P.S.C.) or QNB Group was established in 1964 as the country’s first Qatari-owned commercial bank, with an ownership structure split between the Qatar Investment Authority (50%) and (50%) held by members of the public. In 2019, Brand Finance named Qatar National Bank (Q.P.S.C.) as the most valuable banking brand in the Middle East and Africa with value of USD 5.0 billion. QNB Group also established a foothold in a highly competitive market within its 2020 vision: to become a leading bank in the Middle East, Africa and Southeast Asia.

Qatar National Bank (Q.P.S.C.) presents in more than 31 countries spanning across three continents providing a comprehensive range of advanced products and services. The total number of employees is more than 30,000 operating through 1,100 locations, with an ATM network of more than 4,400 machines to serve 24 million customers. 

For more information, please contact:
Corporate Communications 
PT Bank QNB Indonesia Tbk 
P. (+62 21) 515 5155