Foreign Currency Savings and Deposits Increase, OJK Deems Growth Reasonable

The Financial Services Authority (OJK) continues to monitor the growth trend of third-party funds (DPK) by currency denomination amid escalating volatility in global financial markets. In April 2026, the OJK recorded an annual increase in foreign currency (forex) DPK of 10.87%.

The breakdown showed foreign currency current accounts grew 3.15% year-on-year, foreign currency savings increased 23.21% year-on-year, and foreign currency deposits rose 22.00% year-on-year.

Dian Ediana Rae, Head of Banking Supervision at the OJK, stated that since early 2026, the authority has observed an increase in the share of foreign currency DPK relative to total DPK. “However, the increase in foreign currency DPK remains reasonable, so the share of foreign currency DPK relative to total DPK remains relatively stable and moves within the 15%-16% range,” Dian said.

She noted that the increase in foreign currency DPK share is primarily concentrated in deposits, considering that the foreign currency deposit interest rates offered by major banks are quite competitive. “This serves as an incentive for exporters to place their funds domestically,” she explained.

In April 2026, the OJK recorded total DPK growth of 11.39% year-on-year. Rupiah-denominated DPK continued to dominate with growth of 11.49% year-on-year.

Dian attributed rupiah DPK growth to current accounts, which grew 23.25% year-on-year, savings up 7.88% year-on-year, and deposits up 6.91% year-on-year.

“Consistent with this, the total number of DPK accounts continued to increase, reaching 667,169,152 accounts by April 2026, representing growth of 7.22% year-on-year. The vast majority remain dominated by rupiah-denominated accounts,” she concluded.