Jogja Financial Festival: LPS Ready to Boost Regional Economic Potential

The Deposit Insurance Corporation (LPS) is ready to promote the economic potential of the Special Region of Yogyakarta (DIY) through the Jogja Financial Festival on 22-24 May 2026. This event serves as a momentum to strengthen cross-institutional collaboration while enhancing financial inclusion for the community.

LPS Chair, Anggito Abimanyu, stated that his organisation, together with Bank Indonesia and the Financial Services Authority, has committed to bolstering the financial sector in the region.

“So now we are working together with BI and OJK, and there is already a commitment from Mr Perry and Ms Kiki, who attended amidst their packed schedules,” Anggito said at the Gelanggang Inovasi dan Kreativitas (GIK) at UGM, Sleman, on Friday (3/4/2026).

He added that the collaboration will also involve local government and regional banks to formulate various economic incentives.

“Later, we will ensure collaboration with the Mayor and the Director of BPD, who will formulate the incentives,” he said.

According to him, the Jogja Financial Festival is not merely an exhibition but also a gathering place for the entire financial ecosystem, from banking and capital markets to insurance.

“Then financial service actors, including BPD, stock exchanges, insurance, fintech, crypto, all will participate and execute,” he revealed.

Anggito noted that DIY has significant economic potential, but it is not yet matched by optimal credit distribution.

“DIY is a wealthy region with strong funding, but very low lending. The surplus is 31 trillion, but it is not channelled,” he added.

Through the Jogja Financial Festival, LPS along with stakeholders targets increasing financial literacy and inclusion, including encouraging unbanked communities to become more active in the financial system.

“Our target this year is 2 million unbanked people becoming bankable,” he concluded.