COMPANY PROFILES
Middle Eastern Promise Indonesia continues to expand its international business relationships with a prestigious link to a famed Qatari bank. PT Bank QNB Kesawan Tbk
Trading connections between the Middle East and Indonesia can be traced back hundreds of years. Although for some time South-East Asia was primarily a conduit connecting China with Arabian and Indian goods (and vice-versa), by around the 7th century A.D. Indonesia had become a trade destination in its own right, becoming a source for luxury items such as rainforest-sourced aromatic woods and exotic spices such as cloves, nutmeg and mace. Fast-forward to the present day and Indonesia and Middle Eastern trade relations have never been stronger, epitomised by QNB Kesawan, the first Indonesia bank to
Indonesia could not have wished for a more prestigious manner in which to develop ties with the Middle East. be almost 70% owned by a Middle East organisation, the renowned Qatar National Bank (QNB) Group. Indicative of Indonesia’s blossoming ability to attract sizeable international investment, QNB Kesawan is developing a wealth of new possibilities for the organisation and for the local economy.
Safe & Secure
Indonesia could scarcely have wished for a more prestigious manner in which to develop ties with the Middle East. QNB Group is the largest bank in the MENA region and, according to an update published by Global Finance magazine in 2012, is considered to be one of the 50 safest banks in the world and the leading financial institution in the MENA region. Perhaps even more significantly, QNB Group has been
expanding rapidly over the last few years and now, through its network, subsidiaries and associate companies, operates in 24 countries. Its almost 70% stake in QNB Kesawan is a clear vote of confidence in Indonesia’s development and its ability to cultivate effective trading relationships with the Middle East. Through QNB Group’s acquisition of QNB Kesawan, Indonesia now boasts a dedicated Middle East desk that will greatly facilitate trade business services between these regions.
Ambitious Aspirations
sion of accounting and payroll services to large corporations and SMEs, and Retail Banking will target affluent demographic segments for deposits.
Honest & Accountable
QNB Kesawan’s statement of its core values, as you might expect, speak to their drive and desire for success but what also comes through strongly is their determination that the growth be meaningful and honourable. Showing a keen understanding and respect for Indonesia’s local customs, values and culture, expressions such as “achieve the highest professional standards,” “be concerned for the wellbeing of people and environment” and “be honest, fair and accountable” are well-suited to one of Indonesia’s oldest and most reputable banks, founded almost 100 years ago. While many acquisitions can unintentionally lose the spirit of the original business, the creation of QNB Kesawan has been remarkable in managing to keep the vision and status of this Indonesian institution intact. QNB Kesawan has built a solid bridge between Indonesia and the Middle East that stands to benefit both the regions it connects.
With over 40 branches and numerous ATM access points, supported by ATM Bersama, QNB Kesawan has hit the ground running and has wasted no time in creating new and highly desirable banking products and services within the Corporate Banking, Wholesale Banking and Retail Banking sectors. Technology-enabled convenience and simplicity of process are the two benchmarks through which QNB Kesawan, by 2017, aims to become an Indonesian icon, rewarding its customers and stakeholders with outstanding financial performance. The security and strength of QNB Group coupled with the local, friendly reputation of QNB Kesawan has resulted in a bank that is more than the sum of its QNB Est.: 1964 considerable parts. The QNB: named 50 Safest Banks in the world possibilities for ongoing QNB: acquired almost 70% shares of Bank growth and profitability Kesawan are vast and QNB KesaQNB Kesawan: 1st Middle East Bank in wan has made no secret Indonesia of its far-reaching ambiQNB Kesawan Head Office: Jakarta, Indonesia tions. Wholesale BankQNB Kesawan branches: > 40 ing presents prospects Website: www.qnbkesawan.co.id for domestic trade deals in key sectors and provi-
STRATEGY
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Indonesia 2013