RATINGS - Bank Pembangunan Daerah Aceh

PEFINDO assigned “_idA” rating for PT Bank Pembangunan Daerah Aceh (BPAC or the Bank).  Outlook for the rating is “stable”.  The rating reflects the Bank’s strong market position in the region, strong and proven parent support, and sound capitalization.  However, the rating is constrained by the Bank’s worsening asset quality and higher exposure to loan concentration risk. (source)


BPAC was established in September 7, 1957 under the name of PT Bank Kesejahteraan Aceh, NV.  As of 2009, the Bank employed 1,560 employees to serve its customers through its 21 branches, 78 sub-branches, 2 sharia offices channeling, and 76 ATM units which are linked to ATM Bersama network.  The Bank’s shareholders are Provincial Government of Aceh (63.7%), Regency Governments of Aceh (33.2%) and City Governments of Aceh (3.0%).

Source : http://new.pefindo.com/r_releasedetail.php?cid=808  -Jan 24, 2011