Lembaga Penjamin Simpanan (LPS) or Indonesian Deposit Insurance Corporation (IDIC) is an independent government institution.
LPS has the task and function of guaranteeing customer deposits in banks, resolving bank issues, and contributing to maintaining the stability of the financial system in Indonesia.
Established in 2005, LPS is now a member of the Financial System Stability Committee (Komite Stabilitas Sistem Keuangan (KSSK)) along with Bank Indonesia, Otoritas Jasa Keuangan, and the Ministry of Finance.
Following the enactment of Law No. 9 of 2016 regarding the Prevention and Handling of Financial System Crisis, LPS's responsibilities expanded to include the authority to implement the Banking Restructuring Program (PRP) during a crisis.
It operates in the Finance, Financial Services, and Insurance industries. Currently, there isn't any available information on the last investment or investors.
The company's slogan is "LPS Sahabat Nasabah Indonesia," emphasizing its commitment to being a friend and ally to Indonesian customers. This indicates a customer-centric approach and a focus on building trust within the market.