The Indonesia Deposit Insurance Corporation (Lembaga Penjamin Simpanan or LPS) has issued New Regulations on reporting requirements for banks’ deposit insurance.* These aim to improve bank reporting, efficiency and compliance, enhance data management, and strengthen Indonesia’s deposit guarantee system.

The New Regulations consolidate and replace previous rules, unifying reporting requirements for commercial banks, rural banks (BPR), and sharia rural banks (BPRS) into a single framework.

Under the previous regulations, the reporting obligations for rural and sharia banks were limited to the submission of annual financial statements. The New Regulations expand reporting requirements to include annual financial statements, single customer view reports, compliance self-assessments, resolution plans, and updates on key data, among other reports.

Report submission deadlines are set out in LPS regulations, however, the first self-assessment report is due by 30 June 2025, then every two years thereafter.

The New Regulations impose fines of up to Rp30 million per day for late report submissions, depending on the type of bank.
*Regulation of the Deposit Insurance Corporation Number 3 of 2024 on Report of Banks Participating In The Deposit Insurance