Only 0.02% of wealthy Indonesian customers keep their money in commercial banks.

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Cindy Mutia Annur 31/10/2023 17:30 WIB

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According to data from the Indonesian Deposit Insurance Corporation (LPS), the number of deposit accounts with balances exceeding Rp5 billion constitutes only 0.02% of the total number of deposit acco

Number of Savings Accounts in Commercial Banks by Tiering Nominal Value (September 2023)

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Only 0.02% of wealthy Indonesian customers keep their money in commercial banks.

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Number of Savings Accounts in Commercial Banks by Tiering Nominal Value (September 2023)

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According to data from the Indonesian Deposit Insurance Corporation (LPS), the number of savings accounts in commercial banks nationwide reached 535.11 million in September 2023. This figure is up 8.2% year-on-year (yoy).

A total of only 133,420 accounts with balances exceeding Rp5 billion were recorded in September 2023. This represents 0.02% of the total savings accounts in commercial banks nationwide.

However, these high-net-worth depositors' savings dominate, totaling Rp4,331 trillion in September 2023, or 52.8% of the total commercial bank savings of Rp8,203 trillion that month.

Meanwhile, the number of savings accounts with balances below Rp100 million was the highest last month, reaching 528.48 million accounts. This contributes 98.76% to the total number of savings accounts in commercial banks nationwide.

Furthermore, the number of savings accounts in commercial banks with balances of Rp100 million to Rp200 million reached 2.99 million accounts, representing 0.56% of the total commercial bank savings accounts.

Next, the number of savings accounts in commercial banks with balances of Rp200 million to Rp500 million totaled 2.14 million accounts, or 0.4% of the total number of commercial bank savings accounts in the country.

Following this, the number of savings accounts in commercial banks with balances of Rp500 million to Rp1 billion totaled 796,220 accounts (0.15%), followed by savings of Rp1 billion to Rp2 billion at 358,070 accounts (0.07%), and savings of Rp2 billion to Rp5 billion at 212,470 accounts (0.04%).

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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Only 0.02% of wealthy Indonesian customers keep their money in commercial banks.

Only 0.02% of wealthy Indonesian customers keep their money in commercial banks.

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Only 0.02% of wealthy Indonesian customers keep their money in commercial banks.

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