Bank QNB Indonesia Initiates FIRST WealthForum to Face the Economic Opportunities and Challenges of 2023
Jakarta, 3 November 2022 – PT Bank QNB Indonesia Tbk (“Bank”) is helping its Indonesian clients and the public to prepare themselves ahead of the projected economic fluctuations in 2023, through the FIRST WealthForum themed “Optimize Today’s Momentum and Embrace Future Opportunities” held at JW Marriott Hotel, Surabaya, today. This is the continuation of the same event conducted at Four Seasons Hotel, Jakarta, on 20 October 2022.
“Indonesians and citizens around the world continue to strive in restoring economic conditions that were negatively impacted by an array of crises at the global level. The economic slowdown is inevitable, and on the other hand, the growing costs of living related to health, education, and other essential necessities are also impossible to suppress. This dynamic condition has the potential to disrupt financial planning and cause risks to many of us in allocating future funds,” said Haryanto Suganda, President Director of PT Bank QNB Indonesia Tbk. For that reason, Haryanto stated that today’s session is very strategic for clients and is a manifestation of the Bank’s commitment that has been a loyal partner to its Indonesian clients for more than 100 years.
The occurrence of a global pandemic due to Covid-19 since 2020, geopolitical tensions, as well as the stimulus reduction by central banks in developed countries, have contributed to the repercussions of economic uncertainty to date. The International Monetary Fund (IMF) has cut the global economic projection in 2023 to 2.7 percent from previously 2.9 percent in July – a further decline from the projection in January 2022 of 3.8 percent1. Furthermore, approximately 43 percent or 31 from 72 countries are predicted to fall into recession between this year to 20232. This situation clearly illustrates the high level of crisis that the world faces today.
The President of Indonesia, Joko Widodo, in his recent presidential address stated that all parties need to be careful and vigilant in formulating policies, designing strategies, and making decisions in the remainder of 2022 as well as for 2023. In response to this, the FIRST WealthForum was held with the aim of increasing understanding and encouraging exploration of the potential of banking and investment – both in the domestic and international markets.
The themes related to finance and health that were introduced to the public are topics that are real and urgent in nature, such as; Global Economic Impact on Domestic Market: Challenges & Opportunities; Resiliency in Indonesia’s Market and Economy; Cancer in Reproductive Organs; and 2023 Opportunities Amidst Uncertainty. This forum was held as a result of a cross-sector collaboration with the Bank’s strategic partners, namely PT Allianz Life Indonesia, PT Syailendra Capital, PT Batavia Prosperindo Aset Manajemen, PT Trimegah Aset Management, and PT Manulife Aset Manajemen Indonesia.
“Indonesia’s economic projection in 2023 has become a factor that needs to be considered from now on. Not to become a burden to individual groups or companies, but rather to be seen as an opportunity in parallel to the path towards economic recovery. The presence of the FIRST WealthForum, initiated by the Bank, is a window of opportunity for us to build an in-depth comprehension of finance, in order to provide a positive signal for the sustainability of the economic sector,” said Haryanto.
FIRST WealthForum is divided into two major sessions, which are the panel talk show and CEO Talk, which is officially closed with a Gala Dinner with all of the clients. “We are committed to building a sustainable business to serve our clients for the long term, strengthening our foundation to grow and continue to innovate, and to stay relevant with industry developments. Through the FIRST WealthForum, we hope that all parties will gain useful insights as a supplement to face the challenges and opportunities in the future,” concluded Haryanto.
About QNB Indonesia
PT Bank QNB Indonesia Tbk was established in Medan in 1913 under the name NV Chunghwa Sangyeh Maatschappij and later in 1965 known as PT Bank Kesawan. In 2011, the Bank strengthened its capital structure through the rights issue that made QNB Group as the controlling shareholder and changed its name to PT Bank QNB Kesawan Tbk and later in 2014 PT Bank QNB Indonesia Tbk. As part of the QNB Group, QNB Indonesia becomes one of the leading international banks in Indonesia which offers a wide range of innovative products and services to corporate and mass affluent retail segment. In 2021, QNB Indonesia successfully maintained credit rating “AAA(idn)” with “Stable” outlook from Fitch Ratings Indonesia.
About QNB Group
QNB Group is the largest bank in the Middle East and Africa (MEA). QNB Group operates in more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is 27,000 operating through 1,000 locations, with an ATM network of 4,700 machines.
For further information, please contact:
PT Bank QNB Indonesia Tbk
Teresa Ardania Gunadi
Head of Corporate Communication
Phone : 021-5155155
Email : firstname.lastname@example.org