Bank QNB Indonesia Holds 2025 Annual General Meeting of Shareholders, Reports Strong Financial and Strategic Progress
24 April 2025 - PT Bank QNB Indonesia Tbk (“Bank”) held its 2025 Annual General Meeting of Shareholders (“Meeting”) on Tuesday (22/4), which took place at the Bank’s Head Office. The Meeting was attended by President Commissioner Fatma Al-Suwaidi, members of the Board of Commissioners, the Board of Directors, and respective shareholders.
In the Meeting, participants reviewed the Bank’s strong performance throughout 2024, driven by its disciplined strategy and sound financial management. Despite global and national economic headwinds, Bank QNB Indonesia continued to deliver healthy credit growth, improve cost efficiency, and increase commission-based income.
“Our resilience in a challenging environment reflects the Bank’s commitment to prudent banking practices and operational excellence,” said Nick Groene, President Director of PT Bank QNB Indonesia Tbk. “Performance across key indicators, including profitability, asset quality, and liquidity, underscores our strategic alignment and financial strength.”
For the year ended 31 December 2024, the Bank was audited by the Public Accounting Firm, Purwantono, Sungkoro & Surja, affiliate of Ernst & Young Global Limited, on 28 February 2025 with an unqualified opinion.
The Bank successfully booked a 46% (net) growth in credit and a 16% increase in third party funds, while profit before tax rose to IDR86.41 billion – reflecting a 25% increase compared to the previous year.
The Bank’s liquidity remained solid, with Liquidity Coverage Ratio (LCR) reaching 174.70% and Net Stable Funding Ratio (NSFR) reached 154.36%, where both ratios are well above the regulatory minimum requirement of 100%.
In line with its strong financial performance, the Bank also recorded Return on Asset (ROA) of 0.74% and Return on Equity (ROE) of 1.31%.
Another achievement marked by the Bank in 2024 includes the HR Asia Awards 2024, where the Bank received accolades as one of the “Best Companies to Work for in Asia” and “Most Caring Company”, reinforced the Bank’s reputation as a quality workplace with positive work culture. With these achievements, the Company is increasingly ready to face market dynamics in 2025 and implement a sustainable growth strategy.
Supported by QNB Group, the largest financial institution in Middle East and Africa, the Bank is well-positioned to execute its strategic initiative in 2025. The Bank’s capital adequacy ratio (CAR) is reported to stand at 56.15% as of December 2024, reflecting a solid capital base.
“Moving forward, the Bank remained steadfast in its commitment to driving digital innovation, strengthening risk management, and cultivating a culture of accountability and excellence. With a focus on creating a long-term value for customers, employees, and the broader community, the Bank is dedicated to pursuing sustainable growth. This strategic direction reflects a collective commitment to deliver a positive and lasting impact while upholding the highest standards of performance and integrity,” closed Nick.