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)

INDONESIA - BANKING - QNB Kesawan credit card launched in December 2012

www.bisnis.com - JAKARTA: PT Bank QNB Kesawan Tbk optimistic to launch credit card services by the end of this year.

Director of QNB Bank Kesawan Madi D. Blue revealed the issuance of a credit card service is scheduled to hold a Visa.

"We are just waiting for approval from the BI. Expected to be rolled in December this year because it was included in the RBB in 2012. I'll probably hold a Visa or Mastercard, but it seems likely to Visa," he said, May 29, 2012.  (source)

INDONESIA - BANKING - Bank Kesawan Allots Rp 50 B for IT, Network

www.indonesiafinancetoday.com - JAKARTA (IFT) – PT QNB Bank Kesawan Tbk (BKSW) will allocate Rp 50 billion from internal cash for its branch office network, infrastructure, information technology (IT) and human resources. Madi Darmadi Lazuardi, Director of Bank Kesawan, said the investment will improve the performance of the company.  (source)

INDONESIA - BANKING - Qatar National Bank, Major Shareholder of Bank Kesawan

JAKARTA, www.KOMPAS.com - Along with Qatar National Bank (QNB) became the main shareholder of Bank Kesawan, then at the end of 2011 the bank changed its name to Bank QNB Kesawan.

In a general meeting of shareholders extraordinary, Friday (27/01/2012), was officially raised QNB Kesawan ZA Ali Ahmed Al-Kuwari as Commissioner. Ali's position will become effective after approval from Bank Indonesia.  (source)

INDONESIA - BANKING - Bank Kesawan Rename QNB Bank Kesawan

JAKARTA - PT Bank Kesawan Tbk now renamed Kesawan Tbk PT Bank QNB and the name change has been approved by the Ministry of Justice and Human Rights by decree No. RI. AHU-51180.AH.01.02 dated October 21, 2011.  (source)