The number of LPS guaranteed accounts recorded a significant drop as banks intensified the automatic closure of dormant or inactive accounts through their systems (07/12).

This reduction emerged amid strict enforcement across the banking industry, especially among large banks.

Executive Director for Claims and Bank Resolution at LPS, Dimas Yuliharto, confirmed that dormant accounts were the main factor behind the shift.

He noted that banks have been actively implementing internal policies to clean up accounts that have not shown activity.

“From the data on the LPS website, there was a decline from 662.08 million accounts to 657.19 million accounts as of September,” he said in his statement on Sunday.

This change means almost five million accounts are no longer listed under LPS guarantees during the period.

“This happened because of the dormant account policy. At that time, the issue of dormant accounts surfaced, so banks tried to create policies where these accounts would be closed by the system,” he said.

The closures were carried out automatically by banks as part of their account management processes.

PHOTO: BISNIS.COM/ARIEF HERMAWAN P

This article was created with AI assistance.