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)
The bank's total assets, meanwhile, increased by 17.25% to Rp4.2 trillion, mostly due to higher deposits from third parties.
Qatar National Bank SAQ currently controls 69.59% shares in Bank QNB Kesawan, while PT Adhi Tirta Mustika owns 22.15% shares. (Indonesia Today)