LPS Chief Speaks Out on BPR Licence Revocations and the 'Eating into Savings' Phenomenon
Anggito Abimanyu, Chairman of the Board of Commissioners of the Deposit Insurance Corporation (LPS), has spoken out on the number of rural banks (BPR) whose business licences have been revoked, the downward trend in small savings, and how LPS data compares with the Mandiri Saving Index.
At a press conference of the Financial System Stability Committee (KSSK) at the LPS office on Monday (3/8/2026), Anggito revealed that as of June 2026, 18 BPR-BPRS were in the process of liquidation. Of that number, 8 BPRs had their business licences revoked during the first half of 2026. He added that by the end of July 2026, the number of BPRs whose licences had been revoked had risen to 10.
On the claims payment process, Anggito said LPS performance has become faster, with 70% of total customer accounts already paid out within 5 days of licence revocation.
Regarding the declining trend in average savings in the segment below Rp100 million since 2018, and whether this indicates the phenomenon of people ‘eating into their savings’, Anggito stressed that his answer was based on data collected with the OJK, Bank Indonesia and the Ministry of Finance from 696 million accounts.
He said LPS monitors data on an aggregate basis, not retrospectively to 2018, but based on annual growth. According to him, deposits below Rp100 million grew 5.16% year on year, while deposits below Rp5 million grew 7.36%. He stressed that all deposit segments increased, including deposits above Rp5 billion, which are the main driver of third-party funds (DPK) with annual growth of 15.44%.
On the question of the Mandiri Saving Index contracting 5.7% alongside a 24% rise in the lending index, Anggito explained that the Mandiri Index uses a calculation base dating from January 2022, so its methodology differs from the savings growth data presented by LPS.
He stressed that LPS data, covering all accounts, shows savings growing on an aggregate basis across all layers year on year. Anggito acknowledged that individually, some customers are using up their savings whilst others are adding to their surplus, but in aggregate, all segments — from deposits below Rp5 million, Rp10 million, Rp100 million and Rp200 million, to above Rp5 billion — continue to show growth. He added that LPS has not conducted any study on the consumption impact of this phenomenon, as LPS monitoring focuses solely on the development of savings.