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The Savings of Indonesian ‘Sultans’ Increase, What is the Sign?

Bandung

Deposits at commercial banks have increased as of October 2021. The increase occurred in various nominal groups, including for deposits above Rp 5 billion.

This means that the savings of the ‘Sultans’ in Indonesia tend to rise. Then, what are the signs?

Secretary of the Deposit Insurance Corporation (LPS) Dimas Yuliharto said this was a sign that public trust in banks was maintained.

“Everything shows an increase, there is always an increase, month to month there is always an increase, year to year also increases, which is actually the public’s trust is maintained with the bank,” he said at the LPS Workshop in Bandung, Saturday (11/12/2021). ).

He said, people can already set aside money to save. According to him, it shows the existence of economic growth.

“If we look at it because it goes into savings, yes, not into mutual funds, I think if we look at the community, there is already money that can be saved, in banks, this shows that there is economic growth and there is also an increase in public confidence. Just look at it from there,” he explained.

LPS data shows that deposits in banks reached Rp 7,301.29 trillion in 378.57 million accounts. Deposits above Rp 5 billion were recorded at Rp 3,718.64 trillion in 117,198 accounts.

Meanwhile, the LPS executive summary explained, the total nominal deposits of commercial banks of Rp 7,301 trillion experienced an increase of 1.1% month to month.

Deposits above Rp 5 billion account for 50.9% of total deposits. All nominal groups experienced an increase and the largest was in deposits at Rp 5 billion, which was Rp 1.5% month to month.

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