Most Bank Liquidations in West Java Occurred Within the Last 15 Years
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The Indonesian Deposit Insurance Corporation (LPS) has liquidated 111 banks from 2006 to February 2021. Forty of these banks were located in West Java, the highest number compared to other provinces.
West Sumatra ranks second with 18 liquidated banks during the same period. East Java follows with nine liquidated banks.
Seven banks each were liquidated in Central Java, Bali, and Banten. Four banks each were closed in Jakarta and South Sulawesi.
Two banks each had their licenses revoked in Southeast Sulawesi, Lampung, West Kalimantan, and Yogyakarta Special Region. Meanwhile, LPS closed one bank each in Aceh, North Sumatra, Central Sulawesi, Riau, Papua, Jambi, and Bengkulu.
"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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