LPS

Latest news and articles about LPS from NEX English

LPS Announces Compensation of 304.8 Trillion Rupiah for Bank Customers

Lembaga Penjamin Simpanan (LPS) has announced compensation amounting to <strong>304.8 trillion Indonesian Rupiah</strong> for customers of three liquidated banks. This initiative aims to maintain financial system stability and enhance public trust in the banking sector.

Propose Optional Selection Committee for OJK-LPS in P2SK Law

Fawzi Amr, Vice Chairman of the Indonesian Parliament's Finance Committee, proposed making the formation of a selection committee for the Financial Services Authority (OJK) and the Deposit Insurance Corporation (LPS) optional in the amendment of the P2SK Law. This proposal aims to ensure leadership stability in the market amid current circumstances.