Having IDR 210 Trillion In Cash, LPS Ready To Guyur For Troubled Banks

Chairman of the LPS Board of Commissioners Purbaya Yudhi Sadives. (Photo: Doc. ANTARA)

JAKARTA - The Deposit Insurance Corporation (LPS) has sufficient financial capacity to help troubled banks.

LPS's assets are currently worth IDR 210 trillion.

This was said by the Chairman of the LPS Board of Commissioners Purbaya Yudhi Sadivewa at a press conference on the Financial System Stability Committee (KSSK), Friday, November 3.

"LPS is quite rich. Now the assets are IDR 210 trillion, so it is enough to maintain system stability or overcome problems if there is a bank," said Purbaya.

For your information, LPS is an independent institution established by the government through Law (UU) Number 24 of 2004 concerning Deposit Insurance Corporations.

The law explains that LPS functions to guarantee and protect deposits or savings of banking customers in Indonesia.

When there is a conflict between customers and financial institutions, the LPS has the authority to mediate and decide the solution to the conflict.

However, not all customer deposits were replaced by LPS. In accordance with the law, the guaranteed nominal amount is a maximum of IDR 2 billion per customer, per bank.

With a note, the customer's deposit must also have interest below the LPS guarantee interest rate.

Reporting from the official LPS website, currently the guarantee interest rate (TBP) is 4.25 percent for commercial bank savings.

Meanwhile, for BPR 6.75 percent. While the valus 2.25 percent.