Ada Pertanyaan? Hubungi Kami 
2026 Hak Cipta Milik Hukumonline.com
Produk Pilihan
Ada Pertanyaan? Hubungi Kami
Fathan Qorib, Christina Desy
Due to limited funding sources caused by tightened monetary policy, Indonesian banks are aggressively striving to collect capital from the public. Being close to desperate, banks are competitively offering high interest rates, begging consumers to deposit large sums with them.
Currently, interest rates may reach up to 11% per year for deposits of IDR 2 billion and more, which it is feared could possibly harm consumers and lead to unhealthy business competition, as the Deposit Insurance Institution (Lembaga Penjamin Simpanan – LPS) only provides its guaranty up to 7.75%.
These practices have become a concern for the Financial Services Authority (OJK). Muliaman Hadad, Chairman of OJK’s Board of Commissioners, is urging banks to end their interest rate war for deposits, especially for banks with sufficient capital that are classified under BUKU III and BUKU IV.
Currently, there are several banks which have already decreased their deposit rates, namely Bank Mandiri and BCA. As an alternative, banks can also consider entering the bond markets, or issuing medium term notes, or negotiable certificate deposits.
The OJK is also aware of unhealthy competition in the micro credit sector, which is also troubled by current high interest rates. Following consultation with the Business Competition Supervisory Commission (Komisi Pengawas Persaingan Usaha – KPPU), Mr. Hadad stated that the OJK is trying to subdue the prime lending rate (suku bunga dasar kredit – SBDK).
Perry Warjiyo, Deputy Governor of Bank Indonesia (BI), explained that certain measures can be taken to decrease the SBDK. The first is to maintain the BI rate at a low position, which will affect the LPS rate and is usually used as a reference by banks to determine their deposit rates.
A second is implementing an obligation to submit a Bank Business Plan elaborating efficiency targets, which will then be supervised by BI. Having set targets is expected to encourage banks to increase their efficiency and suppress the credit rate.
Moreover, BI will regularly monitor both credit rates and deposit rates, and at the same time promote cooperation between commercial banks and rural banks (bank perkreditan rakyat) to gain more funds with relatively low interest rates. This should also control the interest rate on borrowed funds, especially for micro, small, and medium businesses (UMKM).
In addition, Mr. Warjiyo believes that by creating healthy competition, credit interest rates can be held down. To do so, the banks are required to supply SME businesses with 55-70% productive credits of their the total credits, which must be implemented by June 2016, and gradually reduced to 20% by 2018.
(hot/kc)
Due to limited funding sources caused by tightened monetary policy, Indonesian banks are aggressively striving to collect capital from the public. Being close to desperate, banks are competitively offering high interest rates, begging consumers to deposit large sums with them.
Currently, interest rates may reach up to 11% per year for deposits of IDR 2 billion and more, which it is feared could possibly harm consumers and lead to unhealthy business competition, as the Deposit Insurance Institution (Lembaga Penjamin Simpanan – LPS) only provides its guaranty up to 7.75%.
These practices have become a concern for the Financial Services Authority (OJK). Muliaman Hadad, Chairman of OJK’s Board of Commissioners, is urging banks to end their interest rate war for deposits, especially for banks with sufficient capital that are classified under BUKU III and BUKU IV.
Currently, there are several banks which have already decreased their deposit rates, namely Bank Mandiri and BCA. As an alternative, banks can also consider entering the bond markets, or issuing medium term notes, or negotiable certificate deposits.
The OJK is also aware of unhealthy competition in the micro credit sector, which is also troubled by current high interest rates. Following consultation with the Business Competition Supervisory Commission (Komisi Pengawas Persaingan Usaha – KPPU), Mr. Hadad stated that the OJK is trying to subdue the prime lending rate (suku bunga dasar kredit – SBDK).
Perry Warjiyo, Deputy Governor of Bank Indonesia (BI), explained that certain measures can be taken to decrease the SBDK. The first is to maintain the BI rate at a low position, which will affect the LPS rate and is usually used as a reference by banks to determine their deposit rates.
A second is implementing an obligation to submit a Bank Business Plan elaborating efficiency targets, which will then be supervised by BI. Having set targets is expected to encourage banks to increase their efficiency and suppress the credit rate.
Moreover, BI will regularly monitor both credit rates and deposit rates, and at the same time promote cooperation between commercial banks and rural banks (bank perkreditan rakyat) to gain more funds with relatively low interest rates. This should also control the interest rate on borrowed funds, especially for micro, small, and medium businesses (UMKM).
In addition, Mr. Warjiyo believes that by creating healthy competition, credit interest rates can be held down. To do so, the banks are required to supply SME businesses with 55-70% productive credits of their the total credits, which must be implemented by June 2016, and gradually reduced to 20% by 2018.
(hot/kc)
Fathan Qorib, Christina Desy
Due to limited funding sources caused by tightened monetary policy, Indonesian banks are aggressively striving to collect capital from the public. Being close to desperate, banks are competitively offering high interest rates, begging consumers to deposit large sums with them.
Currently, interest rates may reach up to 11% per year for deposits of IDR 2 billion and more, which it is feared could possibly harm consumers and lead to unhealthy business competition, as the Deposit Insurance Institution (Lembaga Penjamin Simpanan – LPS) only provides its guaranty up to 7.75%.
These practices have become a concern for the Financial Services Authority (OJK). Muliaman Hadad, Chairman of OJK’s Board of Commissioners, is urging banks to end their interest rate war for deposits, especially for banks with sufficient capital that are classified under BUKU III and BUKU IV.
Currently, there are several banks which have already decreased their deposit rates, namely Bank Mandiri and BCA. As an alternative, banks can also consider entering the bond markets, or issuing medium term notes, or negotiable certificate deposits.
The OJK is also aware of unhealthy competition in the micro credit sector, which is also troubled by current high interest rates. Following consultation with the Business Competition Supervisory Commission (Komisi Pengawas Persaingan Usaha – KPPU), Mr. Hadad stated that the OJK is trying to subdue the prime lending rate (suku bunga dasar kredit – SBDK).
Perry Warjiyo, Deputy Governor of Bank Indonesia (BI), explained that certain measures can be taken to decrease the SBDK. The first is to maintain the BI rate at a low position, which will affect the LPS rate and is usually used as a reference by banks to determine their deposit rates.
A second is implementing an obligation to submit a Bank Business Plan elaborating efficiency targets, which will then be supervised by BI. Having set targets is expected to encourage banks to increase their efficiency and suppress the credit rate.
Moreover, BI will regularly monitor both credit rates and deposit rates, and at the same time promote cooperation between commercial banks and rural banks (bank perkreditan rakyat) to gain more funds with relatively low interest rates. This should also control the interest rate on borrowed funds, especially for micro, small, and medium businesses (UMKM).
In addition, Mr. Warjiyo believes that by creating healthy competition, credit interest rates can be held down. To do so, the banks are required to supply SME businesses with 55-70% productive credits of their the total credits, which must be implemented by June 2016, and gradually reduced to 20% by 2018.
(hot/kc)
Due to limited funding sources caused by tightened monetary policy, Indonesian banks are aggressively striving to collect capital from the public. Being close to desperate, banks are competitively offering high interest rates, begging consumers to deposit large sums with them.
Currently, interest rates may reach up to 11% per year for deposits of IDR 2 billion and more, which it is feared could possibly harm consumers and lead to unhealthy business competition, as the Deposit Insurance Institution (Lembaga Penjamin Simpanan – LPS) only provides its guaranty up to 7.75%.
These practices have become a concern for the Financial Services Authority (OJK). Muliaman Hadad, Chairman of OJK’s Board of Commissioners, is urging banks to end their interest rate war for deposits, especially for banks with sufficient capital that are classified under BUKU III and BUKU IV.
Currently, there are several banks which have already decreased their deposit rates, namely Bank Mandiri and BCA. As an alternative, banks can also consider entering the bond markets, or issuing medium term notes, or negotiable certificate deposits.
The OJK is also aware of unhealthy competition in the micro credit sector, which is also troubled by current high interest rates. Following consultation with the Business Competition Supervisory Commission (Komisi Pengawas Persaingan Usaha – KPPU), Mr. Hadad stated that the OJK is trying to subdue the prime lending rate (suku bunga dasar kredit – SBDK).
Perry Warjiyo, Deputy Governor of Bank Indonesia (BI), explained that certain measures can be taken to decrease the SBDK. The first is to maintain the BI rate at a low position, which will affect the LPS rate and is usually used as a reference by banks to determine their deposit rates.
A second is implementing an obligation to submit a Bank Business Plan elaborating efficiency targets, which will then be supervised by BI. Having set targets is expected to encourage banks to increase their efficiency and suppress the credit rate.
Moreover, BI will regularly monitor both credit rates and deposit rates, and at the same time promote cooperation between commercial banks and rural banks (bank perkreditan rakyat) to gain more funds with relatively low interest rates. This should also control the interest rate on borrowed funds, especially for micro, small, and medium businesses (UMKM).
In addition, Mr. Warjiyo believes that by creating healthy competition, credit interest rates can be held down. To do so, the banks are required to supply SME businesses with 55-70% productive credits of their the total credits, which must be implemented by June 2016, and gradually reduced to 20% by 2018.
(hot/kc)