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LPS

Business 9 years ago

LPS cuts guaranteed interest rate by 50 bps

Indonesia's Deposit Insurance Corporation (LPS) has cut the guaranteed interest rate for Rupiah-denominated savings by 50 basis points (bps) to 6.25 percent, following the same measure in the banking industry.

Business 9 years ago

Big banks may be charged with higher premiums

The Deposit Insurance Corporation (LPS), a state-owned agency that covers protection for bank deposits, is preparing a new premium rate for big banks as financial authorities prepare a new list of domestic systematically important banks (DSIB).