QNB Digs Pocket Deeper

Bank QNB Indonesia (BKSW), controlled by Qatar National Bank (QNB), plans to issue 3.79 billion new shares at nominal price of Rp250 per share. This will become the sixth rights issue since 2009. The bank’s equity eroded fast due to huge losses in the past few years. Last year, the bank reported net loss of Rp789.8 billion, expanded from Rp650 billion in 2016.

Read More