LPS has appointed the paying bank, namely Bank Mandiri, located in Jalan Slamet Riyadi Solo, to pay customers’ debts
Only (MidLand) – The Deposit Insurance Corporation (LPS) has paid deposit insurance claims for BPR Usaha Madani Karya Mulia (UMKM) customers following the revocation of trading permits by the Financial Services Authority (OJK) effective February 5, 2024.
LPS Secretary Dimas Yuliharto, while monitoring the payment process for collateral claims for BPR UMKM customers in Solo, Central Java, on Tuesday, said that LPS has appointed a paying bank, namely Bank Mandiri, located in Jalan Slamet Riyadi Only, to pay customer claims.
After BPR had its business license revoked by OJK, he said, LPS immediately performed reconciliation and verification of deposit data and other information to determine the deposits that would be paid.
“Even less than a week after BPR UMKM closed, LPS verified customers and made payments on Phase I warranty claims,” he said.
He assured that the verification process will be completed by LPS in stages no later than 90 working days from the date of revocation of the UMKM BPR business permit. However, LPS is optimistic and expects payment to be completed in less than 90 business days.
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For the payment of BPR UMKM Phase I deposit insurance claims, the nominal value is IDR 18.68 billion and the number of accounts is 1,000.
According to the regulations, LPS guarantees up to IDR 2 billion/customer/bank. However, in order to obtain payment of the claim it is necessary to meet the requirements established by LPS.
There are three conditions for disbursement, namely that the customer is registered in the bank’s books, the interest rate on deposits received does not exceed the LPS interest rate and the customer does not cause bank fraud or default.
“Currently the LPS guarantor interest rate for BPR is 6.75%,” he said.
Meanwhile, after the revocation of business permits by OJK, currently the authority of BPR UMKM has been delegated to LPS.
“We are continuing the process of securing assets and preparing for reconciliation and verification of savings,” he said.
He said his assets included an office building, the company’s inventory consisted of two cars, a motorcycle and credit assets.
“Apart from that, there are assets among the bank’s assets. After securing the assets, the LPS will form a liquidation team that will carry out the liquidation of the bank’s assets and liabilities,” he said.
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Reporter: Aris Wasita
Editor: And Salim
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