12:17 Video Opens Up LPS Boss Guarantees Deposits in Banks Until Liquidation of My Money – 18 hours ago

Jakarta, CNBC Indonesia- The Deposit Insurance Corporation (LPS) continues to strive to increase public understanding of the duties and role of LPS through outreach and education about the criteria for eligible deposits (3T), the process for handling failed banks and the role of LPS in financial system stability.

Chairman of the LPS Board of Commissioners, Purbaya Yudhi Sadewa, said that currently the public’s understanding of the role and duties of LPS, especially regarding the role of deposit insurance, continues to increase even though it is not yet as popular as Bank Indonesia.

Through sharing education, LPS hopes that customers can understand banking deposit guarantees which in the end can play an important role in maintaining the stability of the banking system. Currently, LPS has assets of IDR 200 trillion with total banking deposits reaching IDR 8,147 trillion.

What is the role and strategy of LPS to guarantee public savings in banking? For further details, see Frida Lidwina’s dialogue with the Chair of the Board of Commissioners of the Deposit Insurance Corporation (LPS), Purbaya Yudhi Sadewa at Power Lunch,CNBCIndonesia (Friday, 01/12/2023)

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