Public Deposits in Commercial Banks Reach Rp8.042 Trillion in the First Half of 2023
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The Financial Services Authority (OJK) report shows that third-party funds (DPK), or public funds in commercial banks, reached Rp8.042,1 trillion (Rp8.04 quadrillion) in the first half of 2023.
This represents a 5.78% year-on-year (yoy) increase compared to the same period last year, which stood at Rp7.602,29 trillion in June 2022.
Month-on-month (mom), it saw a slight increase of 0.43%, reaching Rp8.007,69 trillion in May 2023.
According to the graph, June 2023's savings are still below the December 2022 figure of Rp8.153,59 trillion, which was the highest in the last year.
DPK includes current accounts, savings accounts, and deposits from the public collected by commercial banks. OJK's Executive Head of Banking Supervision, Dian Edina Rae, stated that the June 2023 DPK was driven by an increase in current accounts.
"Current account growth was the highest at 10.92% (yoy)," said Dian, as quoted by CNBC Indonesia on Tuesday (September 5, 2023).
Unfortunately, the lowest growth was seen in savings accounts, which only reached 2.97% (yoy).
(See also: BI Records 1.36% Increase in Banking DPK Accounts in March 2022)
"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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