LPS: Deposits above Rp5 billion grow 15.44 percent, dominated by corporate funds

Photo: LPS

JAKARTA - The Deposit Insurance Corporation (LPS) recorded the highest banking deposit growth until June 2026 from the account group with a balance of over IDR 5 billion which increased 15.44 percent year-on-year (yoy).

Chairman of the LPS Board of Commissioners, Anggito Abimanyu, in the assessment of the Financial System Stability Committee (KSSK) explained that this growth was mainly driven by an increase in corporate funds.

He added that overall, deposits across all nominal groups also recorded positive growth.

According to Anggito, the growth of deposits in various balance groups is in the range of 0.78 percent to 15.44 percent annually, and this shows the ability of the community and business actors to save in aggregate is still maintained.

"This certainly provides an indication that on average, the ability to save in this group or in all groups is still maintained over time," he said in a press conference on the Results of the 2026 KSSK III Periodic Meeting, quoted Tuesday, August 9.

In addition to account groups with balances above IDR 5 billion, LPS also recorded deposits with balances below IDR 100 million, which are mostly owned by individual customers, grew 5.16 percent year-on-year.

In detail, individual savings with a balance below Rp5 million increased by 7.36 percent, while accounts with a balance of Rp5 million to Rp10 million grew by 10.01 percent.

Meanwhile, savings in the balance group of Rp100 million to Rp200 million increased by 4.2 percent, the balance of Rp200 million to Rp500 million grew by 3.07 percent.

Meanwhile, for balances of Rp500 million to Rp1 billion, it increased by 2.32 percent, balances of Rp1 billion to Rp2 billion increased by 2.67 percent, while the balance group of Rp2 billion to Rp5 billion recorded growth of 0.78 percent.

Anggito emphasized that the highest growth in the account group with a balance of over IDR 5 billion came mainly from funds placed by corporations.

"Meanwhile, customers above Rp5 billion increased by 15.44 percent. This is dominated by fund balances from corporations," he said.

He emphasized that the condition of people's savings is more appropriately viewed in an aggregate manner, not based on individual accounts.

On the other hand, LPS estimates that there are still around 46.5 million Indonesian people who do not have a bank account across all age groups.

Meanwhile, in the productive age group of 15-70 years, the number of people who do not have an account is estimated to reach 15.3 million people, and is projected to decrease to 13.5 million people by 2026.

"LPS continues to strengthen public confidence through the implementation of deposit guarantee programs and later, ultimately, effective bank resolution," he said.