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View all search resultsLPS
Business 7 years ago
LPS raises deposit insurance rate
The Deposit Insurance Corporation (LPS) on Wednesday announced the increase of its deposit insurance rates for both rupiah and foreign exchange-denomination savings as banks have started to raise their deposit rates in response to Bank Indonesia’s (BI) recent interest rate hike.
Business 7 years ago
Deposit insurance maintains guaranteed interest rates
The Indonesia Deposit Insurance Corporation (IDIC) is maintaining its guaranteed interest rates — 5.75 percent for rupiah deposits in banks, 0.75 percent for foreign exchange deposits and 8.25 percent for rupiah deposited in microcredit banks.
Business 9 years ago
Enjoying 5% margin, banks ready for credit expansion: LPS
The Indonesian banking industry is deemed to be ready for credit expansion next year as it enjoys a high margin amid ample liquidity and manageable non-performing loans (NPL), the Deposit Insurance Corporation (LPS) has said.
Business 9 years ago
Big banks cut deposit rates ahead of reference rate cut: LPS
Big lenders are cutting their deposit rates ahead of the reference rate cut, the Deposit Insurance Corporation (LPS) says, forcing the institution to change the methodology used in calculating the deposit guaranteed rate.
