JAKARTA, thekabarnews.com—Deposits across Indonesia’s banking system continued to increase through June 2026. Accounts holding more than Rp5 billion recorded the strongest annual growth, according to the Indonesian Deposit Insurance Corporation (LPS).

LPS data showed that deposits in the above-Rp5-billion category rose 15.44 percent year-on-year. Corporate funds dominated this balance segment, meaning the increase does not exclusively represent savings owned by wealthy individuals.

Deposits of up to Rp100 million, a category largely associated with individual customers, increased by a more moderate 5.16 percent over the same period. Moreover, LPS reported positive growth across all account-balance groups.

“All are still growing, whether deposits below Rp100 million or those above Rp5 billion. They continue to grow and move,” LPS Board of Commissioners Chairman Anggito Abimanyu said.

The figures indicate that banks maintained their ability to attract public and corporate funds. They did so despite pressure on household purchasing power and volatility in global markets.

Stronger growth in the largest balance tier also indicates that overall deposit expansion continues to concentrate at the top of the banking system.

The data measures accounts and the funds held within balance categories, not unique depositors. One person or company can maintain multiple accounts at different banks.

LPS protects eligible deposits of up to Rp2 billion per customer at each bank. This protection applies provided the account meets the agency’s requirements, including compliance with its maximum guaranteed interest rate.

As of May 2026, approximately 681.67 million commercial-bank accounts—or 99.94 percent of the total—held balances fully covered by the LPS limit.

Another 15.67 million accounts at rural banks and Islamic rural banks received full coverage. This brought the total to about 697.34 million accounts.

A high coverage ratio reflects the large number of low-balance accounts. It does not mean that LPS guarantees every rupiah held in accounts exceeding Rp2 billion.

Indonesia has expanded banking access. However, LPS projects that about 46.5 million residents will remain without a bank account in 2026. This number is down from an estimated 49.7 million in 2025.

For people aged 15 to 69, the projected number is considerably lower. It is 13.5 million in 2026, compared with 15.3 million a year earlier. The difference reflects the population and age definitions used in the estimates.

Anggito said financial-sector digitalization should focus on bringing more people into formal banking rather than simply increasing the number of financial applications.

“Digitalization must be an instrument for inclusion, not merely technological innovation,” he said.

LPS data also showed that deposits at commercial and rural banks reached Rp10.057 quadrillion at the end of 2025. This total was equivalent to about 42.2% of Indonesia’s nominal gross domestic product.

Anggito said Indonesia must strengthen domestic savings to expand sustainable financing and reduce reliance on foreign capital.