LPS reports high deposit guarantee coverage across Indonesian banks

The Indonesia Deposit Insurance Corporation (LPS) reports that deposit guarantee coverage remains consistently above 90% for both commercial banks and rural banks (BPR/BPRS). As of July 2026, approximately 701 million commercial bank accounts, representing 99.94% of total accounts, are covered for deposits up to Rp2 billion. For BPR/BPRS, coverage reaches 99.97% of total accounts, totaling 15.6 million accounts.

In East Java, commercial bank coverage stands at 99.95% (71.9 million accounts), while BPR/BPRS coverage is 99.98% (2.3 million accounts). Since its inception in 2005 through September 2026, LPS has handled 159 bank liquidations, including 1 commercial bank, 140 BPRs, and 18 BPRSPs.

Specifically regarding Bank Sumut, LPS Executive Director of Finance and Investment Hafiz Ashady noted that approximately 1.99 million customer accounts were covered by the LPS guarantee program as of August 2026. Bank Sumut has been recognized for its compliance with guarantee programs, including timely premium payments. The bank is also expanding its productive credit, including an increase in its People's Business Credit (KUR) quota to Rp2 trillion.