RGEC Analysis in Assessing the Health of Banks Before and During the COVID-19 Pandemic

Abstract

ABSTRACT

This study aims to assess the financial performance of state-owned banks, including Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI), Bank Tabungan Negara (BTN), and Bank Mandiri. This research uses a quantitative approach. The object of this research is a state-owned bank listed on the Indonesia Stock Exchange for the 2018–2021 period. The data collection technique used is the documentation method. The data source used is secondary to the annual financial statements obtained through the official website of the Indonesia Stock Exchange. The analysis technique uses the calculation of the RGEC method. The results of this study are expected to be able to show how the condition of the soundness level of state-owned banks listed on the Indonesia Stock Exchange (IDX) for the 2018–2021 period was determined using the RGEC method. This analysis is also expected to be used as a reference for state-owned banks in assessing the soundness of banks. Aspects of the risk profile of state-owned banks during the 2018–2021 period are quite healthy, with an average NPL value of 3.05%, 1.48%, 2.75%, and 3.75%, respectively. Then, the average IRR values are 110.2%, 305.8%, 110.6%, and 112.8%, respectively. Lastly, the average LDR values were 89.71%, 82.49%, 105.11%, and 92.30%. The GCG aspects of state-owned banks during the 2018–2021 period are 2,2,1 and 2; thus, they are generally said to be good. Aspects of BUMN bank earnings during 2018–2021 are in a healthy condition, with average ROA values of 1.72%, 2.78%, 1.23%, and 0.72%, respectively. Furthermore, the average NIM scores are 5.12%, 8.59%, 4.54%, and 3.86%, respectively. The capital aspect during 2018–2021 is in a healthy condition, with average CAR values of 18.69%, 22.41%, 20.46%, and 18.50%, respectively.