Public Funds of Commercial Banks Up to 0.38 Percent

INDUSTRY.co.id - Jakarta - Total public funds or deposits at commercial banks as of February 2018 rose 0.38 percent from Rp5,314 trillion in January 2018 to Rp5,334 trillion in February 2018, the Deposit Insurance Agency (LPS) said.

Meanwhile, total savings accounts per February reached 250,866,218 accounts, rising 4,572,841 accounts or 1.86 percent compared to the position of the number of accounts in January 2018, of which 246,293,377 accounts, according to data in LPS statistics quoted in Jakarta on Saturday (31 / 3/2018).

For deposits with a balance of up to Rp2 billion, the number of accounts increased by 1.85 percent (compared to the previous month / MoM), from 246,041,976 accounts to 250,615,670 accounts in February 2018.

The total nominal value of deposits was up 0.027 percent (MoM), from the position in late January 2018 of Rp2.309 trillion, to Rp2.309 trillion at the end of February 2018.

As for deposits with balances above Rp2 billion, the number of accounts decreased 0.34 percent (MoM), from 251,401 accounts in January 2018 to 250,548 accounts in February 2018.

Meanwhile, the nominal amount of deposits increased by 0.65 percent (MoM), from Rp3,005 trillion in January 2018 to Rp3,024 trillion in February 2018.

When viewed from the type of deposits, types of deposits that the number of accounts has the highest increase is demand deposits. The increase reached 4.77 percent from 3,071,363 accounts in January 2018, to 3,217,788 accounts in February 2018.

Meanwhile, demand deposits also experienced the highest nominal increase compared to other types of deposits, namely 1.72 percent, from Rp1,267 trillion in January 2018 to Rp1,289 trillion per February 2018.

In February 2018, the number of accounts and nominal deposits in Rupiah increased. Meanwhile, the number of accounts and nominal in Forex decreases.

Total savings accounts in Rupiah increased by 1.87 percent (MoM), which as of January 2018 amounted to 245,282,973 accounts, to 249,858,135 accounts as of the end of February 2018.

For the number of savings accounts secured in Forex declined by 0.23 percent, where as of January 2018 the number is 1,010,404 accounts to 1,008,083 accounts in February 2018.

In terms of nominal value, deposits in Rupiah rose 0.50 percent (MoM) from Rp4,576 trillion in January 2018 to Rp4,599 trillion in February 2018.

As for deposits in Forex, the number decreased by 0.35 percent (MoM) from Rp737.65 trillion in January 2018 to Rp735.05 trillion in February 2018.

The participating banks as of February 2018 amounted to 115 banks, consisting of 102 conventional commercial banks and 13 sharia commercial banks.

Conventional commercial banks consist of four state banks, 25 local government banks, 64 national private commercial banks and nine branches of foreign banks. (Ant)