INDONESIA - BANKING - QNB Kesawan Turns to Loss in First Half

www,theindonesiatoday.com - JAKARTA (Indonesia Today) - PT Bank QNB Kesawan Tbk booked net loss of Rp11.67 billion in the first half of 2012, flipped from net profit of Rp10.7 billion in the corresponding period of 2011.
The bank actually posted higher net interest income of Rp87.4 billion, representing an increase of 20% from the first half of 2011. Bank QNB Kesawan, however, suffered from substantially higher personnel and administrative expenses.  (source)

INDONESIA - BANKING - QNB Bank Kesawan expand the market

www.kontan.co.id - JAKARTA. Arrival of new investors pushed QNB Bank Kesawan more aggressive expansion. Management set up an investment fund of Rp 150 billion to strengthen its business lines, and network marketing this year.
Divisions, a total of Rp 80 billion to improve the quality of core banking system began in June. The rest, to build about 23 new branches.The new office, among others, in Jakarta, Lampung, Palembang, Samarinda, Central Java, West Java and East Java. "Each new office spent approximately USD 3 billion," said Madi D. Blue, Director of QNB Kesawan yesterday.
Currently QNB Kesawan already operates services in 38 branches. Next year, management continued to expand the marketing network to have 200 branches by 2016. Previously, the new management moved the headquarters from Jalan Gajah Mada, Jakarta Pusat, the SCBD area, South Jakarta.  (source)