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LPS: Rural Banks' Bankruptcy Caused by Internal Frauds, Not Bad Economy

In less than two months into 2024, the Financial Services Authority or OJK had revoked the business permits of four rural banks (BPR)

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LPS Paid Rp392bn in Claims to Customers of Bankrupt Rural Banks

Deposit Insurance Corporation (LPS) reported that it had paid almost all customers deposit guarantee claims at rural banks (BPR) that had gone bust.

Rural Banks Bankruptcy, No Economic Threat for Indonesia

There are 7 to 8 BPRs that go bankrupt each year.

Rural Banks Bankruptcy, No Economic Threat for Indonesia

There are 7 to 8 BPRs that go bankrupt each year.