Theindonesiatoday.com - Qatar National Bank Group (QNB) has acquired 69.59% shares of PT Bank Kesawan Tbk through rights issue, lower than its original plan 82.41%, Bisnis Indonesia reported this morning.
Meanwhile, Bosowa Corporation Group keeps its 15% ownership in Bank Kesawan by allocating Rp100 billion for buying new shares. (source)
Gatot Siswoyo, Bank Kesawan's president director, said the bank raised Rp733.81 billion from rights issue, boosting its capital adequacy ratio (CAR) to 61.91% from 11.43% by Desember 2010. Its paid-up capital also surged to Rp890 billion from Rp154 billion by December 2010.
Bank Kesawan currently operates a network of 33 branches throughout Indonesia. It is one of the leading financial institutions in the country and is currently targeting growth to meet the growing demands of one of the fastest growing emerging market economies in Asia.
QNB is the leading financial institution in the state of Qatar and one of the largest banks in the Middle East and North Africa (MENA) region, with branches, offices and affiliates in 24 countries spanning Europe, the Middle East & North Africa, and Asia.
The acquisition of Bank Kesawan aims to support QNB’s international expansion plans, which in recent years have become an integral part of the Bank’s growth strategy and commitment to diversify the sources of its revenue by exploring new and promising opportunities.
QNB reinforced its international position by opening its first branch in Mauritania recently and obtaining regulatory approval to operate in Lebanon. ( hans@theindonesiatoday.com)
Source : http://theindonesiatoday.com/banking-headline/7176-qnb-group-acquires-6959-shares-of-bank-kesawan.html - Jan 26, 2011
No comments:
Post a Comment