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Deposit-guarantee literacy in Lampung remains below 60%

From Republika · () Indonesian

Translated from Indonesian and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Ongoing story
  • Only 58.8% of people in Lampung understand deposit guarantees, below the national average of 62.5%, according to Indonesia’s Deposit Insurance Corporation.
  • LPS chief Anggito Abimanyu said the agency selected Lampung for stronger education efforts because knowledge levels remain below the national figure.
  • A follow-up survey will assess the impact of the Lampung Financial Festival, which also targeted students and university students.

Only 58.8% of people in Lampung understand deposit guarantees, below the national average of 62.5%. Anggito Abimanyu, chairman of Indonesia’s Deposit Insurance Corporation, said the gap made the province a priority for stronger public education.

Why Lampung? Because Lampung is indeed below the national average in knowledge about the LPS.

· Anggito AbimanyuHe explained why Lampung was selected for stronger deposit-guarantee education.

“Why Lampung? Because Lampung is indeed below the national average in knowledge about the LPS,” Anggito said at the Lampung Financial Festival 2026 in Bandar Lampung. He added that the same problem affects other regions, particularly outside Java, where education efforts and the agency’s reach remain limited.

Understanding deposit guarantees helps customers know how much of their money receives protection and which deposits fall within the LPS coverage. Nationally, an LPS survey conducted with Statistics Indonesia and the Financial Services Authority found that 62.5% of respondents knew their deposits were guaranteed. Only 46.3% knew that LPS was the institution providing the guarantee.

Especially outside Java, because education is indeed lacking. We also do not have enough personnel to reach them.

· Anggito AbimanyuHe described the challenges limiting deposit-guarantee education in regions outside Java.

Anggito described this as a gap between understanding deposit guarantees and knowing the institution responsible for them. LPS used the survey mapping to identify areas needing more education. The Lampung festival targeted school and university students, and the agency plans to measure its effect through a follow-up survey about a week later with an independent institution, such as a university.

So there is a gap between literacy about deposit guarantees and literacy or knowledge about LPS.

· Anggito AbimanyuHe summarized the difference between knowing that deposits are protected and knowing which institution provides the protection.

“We hope Lampung’s rating can rise,” Anggito said.

We hope Lampung’s rating can rise.

· Anggito AbimanyuHe expressed hope that the education program would improve Lampung’s results in a follow-up survey.
About this summary

Originally published by Republika in Indonesian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.