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LPS Liquidation of 6 BPRs, Customer Money Returns 90 Days in Maximum

TEMPO.CO, Jakarta – As of today, the liquidation process is known as the dissolution of 6 People’s Credit Banks (BPR) by the Savings Board (LPS) is still ongoing. The BPR-owned office was also used by the team to resolve this liquidation.

“LPS has also paid the deposits of BPR customers in accordance with the provisions,” said Secretary of LPS Muhamad Yusron when contacted in Jakarta, Saturday, October 31, 2020.

According to Yusron, LPS will pay the guarantee deposit claim to customers no later than 90 working days. This has been counted since the Financial Services Authority (OJK) bank revoked the business license from the BPR.

Previously, this news was conveyed for the first time by the Chairman of the Board of Commissioners of LPS Purbaya Yudhi Sadewa on October 27, 2020. At that time, Yudhi said that around 6 to 7 BPRs were categorized as failures.

A day later, 28 October 2020, LPS detailed that a total of 6 BPRs had their business licenses revoked by OJK from January to October 2020. Thus, the six banks are currently being liquidated by LPS.

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