Jakarta, Province with the Largest Public Savings in 2023

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Erlina Fury Santika 27/06/2024 09:00 WIB

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OJK data shows that DKI Jakarta is the province with the largest third-party funds (DPK) or public savings in Indonesia.

Distribution of Third-Party Funds (TPF) of Commercial Banks Based on the Largest Regional Share (Q4 2023)

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Jakarta, Province with the Largest Public Savings in 2023

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Distribution of Third-Party Funds (TPF) of Commercial Banks Based on the Largest Regional Share (Q4 2023)

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The Financial Services Authority (OJK) has identified at least five provinces with the highest value of public savings or third-party funds (DPK) in Indonesia in Q4 2023.

These five provinces are DKI Jakarta, East Java, West Java, Central Java, and North Sumatra. The total DPK collected from these five provinces reached Rp6,617.3 trillion (Rp6.61 quadrillion), representing 78.24% of the total DPK collected.

The largest portion is in DKI Jakarta, with 53.20% of the total DPK in Q4 2023, amounting to Rp4,499.58 trillion.

Second is East Java with 8.71%, with savings totaling Rp736.71 trillion.

Third is West Java, with 7.78%, and a total DPK of Rp658.14 trillion.

Fourth is Central Java at 4.78%, or Rp404.24 trillion. Finally, North Sumatra accounts for 3.77%, or Rp318.61 trillion.

In this list, the majority of DPK originates from provinces on the island of Java.

"The large DPK collection in the Java region is in line with business activities and the flow of money, which remain concentrated on the island of Java," wrote the OJK in a report published on March 27, 2024.

Total DPK was recorded at Rp8,457.92 trillion (Rp8.45 quadrillion) in the final quarter of 2023.

This figure increased by 3.73% year-on-year (yoy) from the previous Rp8,153.59 trillion. It also increased by 1.31% quarter-to-quarter (qtq) from September 2023, which stood at Rp8,147.16 trillion.

Editor : Erlina Fury Santika

"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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Jakarta, Province with the Largest Public Savings in 2023

Jakarta, Province with the Largest Public Savings in 2023

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Jakarta, Province with the Largest Public Savings in 2023

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