Financial performance during the COVID-19 pandemic: An analysis of state-owned banks listed on the Indonesia Stock Exchange

Authors

Mutia Ulfa , Sutoyo , Koko Bustami

DOI:

10.62941/irefi.v1i1.16

Issue:

Vol. 1 No. 1 (2024)

Keywords:

CAMEL, Covid-19 pandemic, financial performance, Indonesia Stock Exchange
Received: Feb 11, 2024
Accepted: Jul 20, 2024
Published: Jul 21, 2024

Research Article

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How to Cite

Ulfa, M., Sutoyo, & Bustami, K. (2024). Financial performance during the COVID-19 pandemic: An analysis of state-owned banks listed on the Indonesia Stock Exchange. International Review of Economics and Financial Issues, 1(1), 38–56. https://doi.org/10.62941/irefi.v1i1.16

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Abstract

This study aims to obtain empirical evidence regarding the financial performance of state-owned banks using the Capital, Asset quality, Management, Earnings, and Liquidity (CAMEL) methods.  The objects in this study are state-owned banks listed on the Indonesian Stock Exchange (IDX) for three years from 2020 to 2022. This study obtained four bank samples: Bank Negara Indonesia (BBNI), Bank Rakyat Indonesia (BBRI), Bank Mandiri (BMRI), and Bank Tabungan Negara (BBTN).  The type of research used is qualitative with secondary data sources.  Based on the results of the study show that financial performance is reviewed using the CAMEL method in state-owned banks (BUMN), namely BBNI by 88,8 percent, BBRI by 96,45 percent, BBTN by 100 percent, included in the sound condition. In comparison, BMRI by 39,42 percent was included in the unsound condition.

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Author Biographies

Mutia Ulfa, Department of Accounting, Faculty of Economics and Business, Universitas Islam Kebangsaan Indonesia, Bireuen, Indonesia

Sutoyo, Department of Management, Faculty of Economics and Business, Universitas Islam Kebangsaan Indonesia, Bireuen, Indonesia

Koko Bustami, Department of Management, Faculty of Economics and Business, Universitas Islam Kebangsaan Indonesia, Indonesia

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Copyright (c) 2024 Mutia Ulfa, Sutoyo, Koko Bustami

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