Speaking at a press conference of the Financial System Stability Committee (KSSK) in Jakarta on Monday, Anggito noted that despite several downward adjustments to the TBP, average deposit rates in the banking sector remain elevated.
As of September 2025, LPS reduced the TBP by 25 basis points—from 3.75 percent to 3.50 percent—for rupiah deposits in commercial banks. However, the share of customers receiving deposit rates above the TBP has surged from 13 percent in 2022 to 32 percent in September 2025.
“LPS, together with other KSSK member institutions, is encouraging banks to adjust their deposit interest rates to more reasonable levels,” Anggito said.
He emphasized that LPS remains committed to maintaining public trust and safeguarding financial system stability through effective deposit insurance policies.
As of September 2025, LPS coverage still exceeded 90 percent of total bank accounts nationwide, including 662 million accounts in commercial banks (99.94 percent) and 15.8 million accounts in rural banks (BPR/BPRS) (99.97 percent).
Anggito also highlighted LPS’s broader role in promoting savings behavior among the public. According to LPS data, approximately 51 million Indonesians—or 19.9 percent of the population aged 5 to 74—do not own a savings account.
To address this gap, LPS and other KSSK institutions are committed to advancing financial literacy and inclusion across the country.
This commitment was echoed by Finance Minister Purbaya Yudhi Sadewa, who affirmed that the government, Bank Indonesia, the Financial Services Authority (OJK), and LPS are working to finalize the implementing regulations of the Financial Sector Development and Strengthening Law (P2SK Law).
“The government and all relevant authorities will ensure that the drafting of these regulations is carried out transparently and credibly, involving all stakeholders—including financial industry players and the public,” Purbaya stated.
Translator: Primayanti
Editor: Aditya Eko Sigit Wicaksono
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