Jakarta, CNBC Indonesia – The Deposit Insurance Corporation (LPS) recorded an increase in the number of customer deposits in banking by Rp 650 trillion to Rp 7,038 trillion as of July 2021.
This amount recorded an increase of 10.18% from the same period in the previous year of Rp 6,388 trillion.
Viewed by type, the largest proportion of deposits is time deposit products (40.15%), followed by savings (32.01%), current accounts (26.87%), and deposits on call and certificates of deposit (0.97%).
Current accounts experienced the highest growth in deposits on an annual basis, or grew by 17.51%, followed by savings at 13.66%, and time deposits at 4.14%.
LPS also noted that all deposit tiers experienced positive growth with the highest growth occurring in tiers with account balances above Rp 5 billion.
The increase in the number of deposits was accompanied by an increase in the number of customer deposit accounts as of July 2021 by 12.6% or an increase of 40,251,228 accounts on an annual basis to 359,949.911 accounts from last year’s position of 319,698,683 accounts.
The chairman of the LPS Board of Commissioners, Purbaya Yudhi Sadewa, said that in July 2021 on an annual basis, nominal deposits in general did increase, but monthly there was a decrease in nominal deposits with tiering above Rp. 2 billion, which was -0.1% equivalent to Rp. 3.83 trillion. .
“This means that the funds in the tiering, the majority of which are corporate-owned funds, are starting to be distributed evenly. This indicates that the national economic recovery is moving in a better direction, as can be seen from the business world which is starting to prepare to resume expansion,” said Purbaya.
Purbaya also explained that the spread of the Delta variant had caused a slowdown in economic activity due to the implementation of the Emergency PPKM (Level 4) starting in early July until around the third week of August.
However, he continued, this PPKM policy along with the government’s intensive community vaccination program, had a good impact in reducing positive cases of COVID-19 and the national Bed Occupancy Rate (BOR).
“Seeing this good development, the business world is again optimistic, as reflected in the Indonesian Manufacturing PMI which in August increased to 43.7 from July which had decreased to a level of 40.1,” he said.
(hps / hps)
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