Foreign Currency Third-Party Funds Up 10.87 Percent, OJK: Still Reasonable

The head of Banking Supervision at the Financial Services Authority (OJK), Dian Ediana Rae, assessed that growth in foreign currency-denominated Third-Party Funds (DPK valas) remains reasonable amid a strengthening US dollar. OJK noted that FX DPK grew by 10.87 percent year on year (YoY). Dian said the share of FX DPK against total DPK has risen since early 2026. ‘However, the increase in FX DPK is still considered reasonable, so the share of FX DPK to total DPK remains relatively stable and moves within the range of 15 percent to 16 percent,’ he said in a press release on Friday, 22 May 2026.

Specifically, foreign-currency current accounts grew 3.15 percent YoY. Meanwhile, foreign-currency savings and foreign-currency time deposits grew 23.21 percent and 22 percent YoY respectively.

According to Dian, the rise in foreign-currency DPK on deposits runs parallel with the high interest rates offered on foreign-currency deposits by large banks. ‘With the aim, among others, of incentivising exporters to place funds domestically,’ he said.

Overall, total DPK grew 11.39 percent YoY in April 2026. Dian said the growth was dominated by rupiah-denominated DPK, which grew 11.49 percent YoY.

The growth of rupiah DPK was primarily driven by current accounts, which grew 23.25 percent YoY. Meanwhile rupiah savings grew 7.88 percent YoY and rupiah deposits grew 6.91 percent YoY.

Dian said OJK continues to conduct ongoing supervision and periodic evaluations related to exchange-rate changes and their impact on banking. He noted that the Net Foreign Exchange Position (PDN) ratio of banks consistently remained well below the maximum threshold of 20 percent of banks’ capital, indicating that direct exposure of banks to exchange-rate risk is kept and controlled. Thus the direct impact of rupiah depreciation on banking stability remains relatively limited. ‘Nevertheless, OJK continues to monitor potential spillover effects arising from increased pressure due to imported inflation or cost-push inflation as global oil prices rise,’ he added.