REPUBLIKA.CO.ID, JAKARTA -- Chairman of the Board of Commissioners of Deposit Insurance Institution (LPS) Purbaya Yudhi Sadewa stated that banking liquidity improved in the first quarter of 2025. In a press conference of the Financial System Stability Committee (KSSK) held online, monitored in Jakarta, Thursday (24/4/2025), Purbaya explained that a number of banks showed an increase in deposit rates above the LPS guarantee rate in December last year.
That condition indicates that there is a fairly high competition in the search for third-party funds (DPK). However, Purbaya said, the situation will gradually improve as it enters 2025.
From January, February, to March 2025, the interest rate on deposits began to fall to a lower level, and banking liquidity conditions also improved so that the competition for DPK also decreased.
In LPS notes, the average interest rate the bank collects is above 4.25 percent, or surpasses the LPS underwriting interest rate. However, in January to March, this rate had already fallen about 13 basis points (bps) below the guarantee rate, which is below 4.25 percent.
“This means that banking liquidity conditions are better than before,” Purbaya said.
Meanwhile, the rupiah deposit rate for 1 month and 3 months during 2025 decreased by 5 and 9 bps, respectively.
“Competition is always there, but it is not like before that it is at an alarming level. Now the banking situation is very good,” he said.
On the same occasion, Chairman of the Board of Commissioners of the Financial Services Authority (FSA) Mahendra Siregar stated that the stability of the national financial services sector remains in place amid increasing global uncertainty.
This is supported by strong capital, adequate liquidity, a manageable risk profile, and the positive performance of the financial services sector.
The capital adequacy ratio (CAR) of banking in March 2025 was at a high level of 25.43 percent. While banking liquidity in March 2025 remained adequate with the Liquid/Non-Core Deposit (AL/NCD) and Liquid/DPK (AL/DPK) ratios recorded at 116.05 percent and 26.22 percent, respectively, well above the thresholds of 50 percent and 10 percent, respectively.
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