98% of Accounts Held by Individuals Below Rp 100 Million

Almost 98 percent of Indonesian bank accounts hold less than Rp 100 million. Data from the Deposit Insurance Corporation shows that of the total 187.24 million accounts, 97.8 percent have balances below Rp 100 million. Deposits below Rp 100 million reached Rp 672.85 trillion by August 2016, or about 14.4 percent of total bank deposits.

Meanwhile, deposits exceeding Rp 5 billion are held in only 80,829 accounts, or about 0.04 percent of total deposit accounts. However, the value of deposits exceeding Rp 5 billion reached Rp 2,136.7 trillion, or about 46 percent of total national bank deposits.

Incitement circulating among the public to mass withdraw their savings from banks could become a serious problem and endanger domestic economic stability. If financial market turmoil occurs, the small-scale depositors will be the first and most severely affected victims.