Giro's Deposit Grows 15.39 Percent, This Is What LPS Says

Executive Director of Claims and Resolution of Bank LPS Dimas Yuliharto. (Photo: Doc. LPS)

JAKARTA - The Deposit Insurance Corporation (LPS) reported significantly increased deposit growth by 15.39 percent year on year (yoy) when compared to other types of savings.

The Executive Director of Claims and Resolution of Bank LPS, Dimas Yuliharto, said that actually the portion of depository deposits holds the largest portion when compared to demand deposits.

However, when viewed from its growth rate, demand deposits experienced the largest growth.

"For the portion, yes, the highest is deposits. But the difference is not much. Deposito is only 37 percent, savings is 30.34 percent, and giro is 31.7 percent," said Dimas to the media crew, quoted Monday, December 8.

Dimas explained that the growth of demand deposits indicates that the demand for community liquidity in the business world is getting higher.

"If the giro is already high, it means what is the placement in the giro for? For business, business. So this is indeed possible if we look at our economic growth in terms of business now there is a large placement in the giro of growth," he explained.

DIMAS explained that the growth in deposits was recorded at only 11 percent, while savings recorded a growth of 7.26 percent.

Meanwhile, the total third party funds (DPK) were recorded at 11.48 percent.

He added that the basic object of demand deposits and deposits is that deposits are used for long-term investments with higher interest rates compared to demand deposits. Meanwhile, demand deposits can be taken when the savings holder needs funds.

"If a large amount is placed in Giro, with a smaller interest rate, the goal is definitely not for investment, but for use. Who uses it? Of course the business world. If not, he will definitely lose if he is placed in the giro for a long time," said Dimas.