What is the total amount of savings, deposits, and loans in the Cooperative Savings and Loan Association?

Economics & Macro
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Yosepha Pusparisa 27/07/2020 12:30 WIB
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Savings, Deposit, and Loan Positions Provided by the Savings and Loan Cooperative
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The main activities of savings and loan cooperatives revolve around savings, deposits, and loans. These financial institutions receive deposits from their members, both savings and deposits. This allows the cooperatives to provide loans to their members.

The average value of cooperative savings in 2017 was Rp 1.5 billion. This figure increased by 7.4% to Rp 1.6 billion the following year. Meanwhile, the average value of deposits and loans also increased. Deposits increased by 6.6% to Rp 1.4 billion, while loans increased by 7.5% to a total of Rp 4.6 billion in 2018.

Statistics Indonesia (BPS) conducted a survey of savings and loan cooperatives covering 9,899 cooperatives across 34 provinces in Indonesia.

Editor : Safrezi Fitra

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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