Jakarta. Bankers estimated that liquidity will tighten up at the end of 2016 in line with a slowdown in the growth of third party funds (DPK). This condition will also increase the loan to deposit ratio (LDR) of the bank. If it continues, the bank will again raise deposit rates to attract depositors. President Director of PT Bank Mandiri Tbk Kartika Wirjoatmodjo estimated that in the future, the increase in deposit interest will become the trend of the major banks. Although the current liquidity is sufficient, most bankers have a sense that the tightening will occur near the end of the year. Bank Mandiri also recently raised interest rate in anticipating the liquidity tightening at the end of the year, Kartika said.
Banks ready to increase deposit rate
Jakarta. Bankers estimated that liquidity will tighten up at the end of 2016 in line with a slowdown in the growth of third party funds (DPK). This condition will also increase the loan to deposit ratio (LDR) of the bank. If it continues, the bank will again raise deposit rates to attract depositors. President Director of PT Bank Mandiri Tbk Kartika Wirjoatmodjo estimated that in the future, the increase in deposit interest will become the trend of the major banks. Although the current liquidity is sufficient, most bankers have a sense that the tightening will occur near the end of the year. Bank Mandiri also recently raised interest rate in anticipating the liquidity tightening at the end of the year, Kartika said.