Indonesia bank deposits rise sharply, low‑income savings up and corporate funds surge

The Lembaga Penjamin Simpanan (LPS) reported that total deposits in Indonesian banks reached Rp10,231.72 trillion at the end of June 2026, a 10.11 % year‑on‑year increase from Rp9,292.22 trillion a year earlier. Deposits in the lowest tier – accounts holding less than Rp100 million – grew 5.16 % to Rp1,143.03 trillion, with the number of such accounts rising to 689.47 million, representing 98.93 % of all DPK accounts. LPS chair Anggito Abimanyu said this growth disproves the “makan tabungan” myth, attributing it to expanded digital‑financial inclusion and government assistance programs.

Deposits above Rp5 trillion – largely corporate funds – posted the strongest growth, up 15.44 % year‑on‑year. Economist Bhima Yudhistira Adhinegara warned that the surge reflects corporations hoarding cash amid policy uncertainty, weak manufacturing activity and unsettled trade relations with the United States, limiting private investment and potentially pressuring the economy in the second half of 2026. Awalil Rizky noted a slight decline in average balances for low‑income accounts, signalling broader inclusion but also a shift in deposit dynamics across all tiers.