JAKARTA (Yosefardi) – QNB Group, the World’s Strongest Bank and the leading bank in the Middle East and North Africa, reported net profit of US$2.6 billion in 2013, grew by 13.7% from US$2.29 billion in 2012.
Its total assets also rose 20.9% to US$121.8 billion last year, from US$100.8 billion in previous year.
QNB Group’s presence through its subsidiaries and associate companies increased to 26 countries providing a comprehensive range of products and services. The total number of staff is more than 13,600 operating from 590 locations and with an ATM network of more than 1,240 machines.
In Indonesia, its 69.59%-owned subsidiary PT Bank QNB Kesawan Tbk booked loss before tax of Rp36 billion in first nine months of 2013. Its loan totaled Rp6.14 trillion while third party funds amounted Rp5.74 trillion.