Bank Cirebon License Revoked: LPS Guarantees Deposits
Bank Cirebon License Revoked: LPS Guarantees Customer Funds Indonesia’s Financial Services Authority (OJK) has revoked the operating license of Perumda Bank Perkreditan Rakyat (BPR) Bank Cirebon, effective immediately. The Lembaga Penjamin Simpanan (LPS), or Deposit Insurance Corporation, has stepped in to guarantee the full repayment of customer deposits, alleviating concerns among account holders. This action … Read more