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Bank Account Balances Above Rp5 Billion Increased by 20% at the Beginning of 2022

Vika Azkiya Dihni 15/03/2022 12:10 WIB

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The Indonesian Deposit Insurance Corporation (LPS) recorded that the total deposits in commercial banks reached Rp 7,440 trillion in January 2022. This figure is up 12% compared to January 2021 (year-

Accumulation of Savings Deposits of Commercial Banks in Indonesia Based on Tiering Nominal (January 2021 - January 2022)

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Bank Account Balances Above Rp5 Billion Increased by 20% at the Beginning of 2022

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Accumulation of Savings Deposits of Commercial Banks in Indonesia Based on Tiering Nominal (January 2021 - January 2022)

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The Indonesian Deposit Insurance Corporation (LPS) recorded that the total amount of deposits from customers of general banks in Indonesia reached Rp7,440 trillion (approximately US$500 billion) in January 2022. This figure increased by 12% compared to January 2021 (year-on-year/yoy).

Accumulated deposits from the tier above Rp5 trillion were recorded at Rp3,809 trillion in January 2022. This amount increased by 20% year-on-year, representing the highest growth rate among all deposit tiers.

Deposits from this tier (above Rp5 trillion) contributed 51.2% to the total banking deposits.

Deposits in the Rp2 trillion to Rp5 trillion tier grew by 5.2% (yoy) to Rp629 trillion in January 2022, contributing 8.3% to the total banking deposits.

Deposits in the Rp1 trillion to Rp2 trillion tier grew by 4.5% (yoy) to Rp480 trillion, representing 6.5% of total banking deposits.

Deposits in the Rp500 million to Rp1 trillion tier increased by 5% to Rp551 trillion in January 2022, equivalent to 7.4% of total banking deposits.

Deposits in the Rp200 million to Rp500 million tier increased by 4.6% (yoy) to Rp629 trillion, contributing 8.5% to total banking deposits.

Deposits in the Rp100 million to Rp200 million tier grew by 6.8% (yoy) to Rp400 trillion, or 5.4% of total banking deposits.

Finally, deposits in the tier below Rp100 million increased by 3.3% (yoy) to Rp950 trillion, representing 12.8% of total banking deposits.

(Also read: LPS: Excessively High Interest Rates, the Main Cause of Unpayable Customer Claims)

Editor : Adi Ahdiat

"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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Bank Account Balances Above Rp5 Billion Increased by 20% at the Beginning of 2022

Bank Account Balances Above Rp5 Billion Increased by 20% at the Beginning of 2022

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Bank Account Balances Above Rp5 Billion Increased by 20% at the Beginning of 2022

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