US dollar deposits in banks rise, OJK says risk remains under control

JAKARTA, KOMPAS.com - The Financial Services Authority (OJK) ensures the fundamentals of the national banking industry and its intermediation function remain intact amid global geopolitical turmoil, the strengthening of the US dollar, and increasing volatility in world financial markets.

OJK also notes an uptick in Third-Party Funds (DPK) in foreign currency (FX), although deemed still within normal limits.

OJK notes that global economic conditions still carry uncertainty due to geopolitical escalation and rising world oil prices.

Nevertheless, OJK regards domestic economic fundamentals as resilient. This is supported by contained inflation and the momentum of domestic economic growth which is still considered fairly high.

OJK records that bank DPK growth through April 2026 continues to show a positive trend.

YoY, total DPK grew by 11.39%. The growth is still dominated by rupiah-denominated deposits, up 11.49% YoY.

On the other hand, FX DPK also recorded substantial growth, at 10.87% YoY.

The highest growth occurred in FX savings, up 23.21% YoY, and FX time deposits, up 22% YoY. By contrast, FX current accounts grew by 3.15% YoY.

The rise in FX DPK occurred amid a strengthening US dollar trend and fluctuations in the rupiah’s exchange rate against the US dollar.

Head of OJK Banking Supervisory Dian Ediana Rae said that since the start of 2026 there has indeed been an increase in the share of FX DPK in total bank DPK. However, she noted that the increase remains within relatively stable ranges.

“Since the start of 2026, we have observed that there is indeed an increase in the share of FX DPK in total DPK. However, the increase in FX DPK remains considered normal, so the share of FX DPK in total DPK up to now remains relatively stable and moves in the range of 15 percent to 16 percent,” Dian said in a written statement, Friday (22/5/2026).