LPS Chief Denies Indonesians Are 'Eating Into Their Savings'

Jakarta, CNBC Indonesia – Anggito Abimanyu, Chairman of the Board of Commissioners of the Indonesia Deposit Insurance Corporation (LPS), has rejected the assumption that the public is experiencing a phenomenon of ‘eating into their savings’, or drawing down deposits to meet daily needs.

According to Anggito, all deposit categories to date, ranging from balances below Rp100 million to above Rp5 billion, are still recording growth. This shows that public funds in the banking sector continue to increase and remain supportive of economic activity.

“No, everything is still growing. Whether it’s savings below Rp100 million or up to above Rp5 billion, all of them are growing and moving,” Anggito told reporters at the Presidential Palace complex on Monday (27/7/2026).

According to him, this indicates growth in deposits across all categories.

“So that shows that the circulation of funds entering the banks is supporting economic activity, particularly in the real sector,” he said.

On that occasion, Anggito also stated that liquidity in the economy continues to show a positive trend, meaning that broad money supply (M2) is still increasing.

“An increase, there is an increase,” Anggito said briefly.