Katadata.co.id - Lembaga Penjaminan Simpanan (LPS) noted that there are as many as 100 banks have been closed or liquidated, consisting of one public banks and 99 of the Bank Pekreditan (BPR).
The agency has also poured funds amounting to Rp 1.5 trillion to pay claims customer deposits of such banks.
The secretary of LPS Muhamad Yusron explained, closing the bank carried out since the LPS established in 2005 until the end of September 2019.
The closure of the banks most committed in the territory of west Java which is as much as 34 banks, followed by West Sumatra 16 banks, East Java 8 banks, as well as Central Java and Bali each of the 6 banks.
(Read: the Number of Accounts Increased, the Bank Deposits edged Down in August 2019)
According to him, these banks were closed because of poor performance due to errors in management by the managers.
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