Bank's Licence Revoked, LPS Prepares Customer Deposit Compensation Payments
Jakarta, CNBC Indonesia — The Indonesia Deposit Insurance Corporation (LPS) is preparing the claims payment process for deposit guarantees and liquidation procedures for Bank Perekonomian Rakyat Koperindo following the revocation of its operating licence by the Financial Services Authority (OJK), effective 9 March 2026.
Bank Perekonomian Rakyat Koperindo is located at Wisma Techking 2, Jl. A.M Sangaji No.24 3, RT.3/RW.4 10130 Petojo Utara, Central Jakarta.
Jimmy Ardianto, Acting Director of the LPS Group Secretariat, stated that LPS will ensure customer deposits are paid in accordance with applicable regulations. The organisation will conduct reconciliation and verification of deposit data and other information to determine which deposits are eligible for payment.
“The reconciliation and verification process will be completed by LPS within a maximum of 90 working days, or by 29 July 2026,” he said in a written statement on Monday, 9 March 2026.
Customer fund payments will be disbursed in stages over this period. The funds used to pay customer deposit guarantee claims will be sourced from LPS resources.
Customers can check their deposit status at the Bank Perekonomian Rakyat Koperindo office or via the LPS website (www.lps.go.id) following LPS’s announcement of the deposit guarantee claim payments. Loan customers can continue to make instalment payments or settle their loans at the bank’s office by contacting the LPS Liquidation Team.
Ardianto urged Bank Perekonomian Rakyat Koperindo customers to remain calm and not be tempted or provoked into actions that could obstruct the claim payment and bank liquidation process, and to disregard anyone claiming to assist with deposit guarantee claims in exchange for payments or fees charged to customers.
Furthermore, customers should note that many other community banks (BPR/BPRS) and commercial banks continue to operate, so customers should not hesitate to deposit their funds in the banking system, as deposits in all banks operating in Indonesia are guaranteed by LPS.
“To ensure deposits are guaranteed by LPS, customers are advised to meet LPS’s 3T requirements. These three conditions are: deposits must be recorded in the bank’s ledger; the interest rate on deposits must not exceed the LPS guarantee interest rate; and customers must not have committed any criminal offences that harmed the bank,” he concluded.
Customers requiring further information about deposit guarantee implementation and the liquidation of Bank Perekonomian Rakyat Koperindo can contact the LPS Information Service Centre (Puslinfo) at 021-154.