Comparative Analysis of the Financial Performance of State-Owned Banks Listed on the IDX Based on Financial Ratios During and After the COVID-19 Pandemic (2019-2024)

Adinda Ajeng Pratiwi; Yudi; Fredy Olimsar

doi:10.63922/ijebir.v5i05.6291

Adinda Ajeng Pratiwi Faculty of Economics and Business, University of Jambi, Jambi, Indonesia
Yudi Faculty of Economics and Business, University of Jambi, Jambi, Indonesia
Fredy Olimsar Faculty of Economics and Business, University of Jambi, Jambi, Indonesia

DOI: https://doi.org/10.63922/ijebir.v5i05.6291

Keywords: Financial Performance, State-Owned Banks, COVID-19, ROA, LDR, CAR.

Abstract

The COVID-19 pandemic affected the performance of the banking sector, including State-Owned Banks. This study aims to analyze the differences in the financial performance of State-Owned Banks listed on the Indonesia Stock Exchange during and after the COVID-19 pandemic based on Return on Assets (ROA), Loan to Deposit Ratio (LDR), and Capital Adequacy Ratio (CAR). This study uses a quantitative method with a comparative approach involving four State-Owned Banks during the 2019–2024 period. The data used are secondary data in the form of annual financial statements of State-Owned Banks listed on the Indonesia Stock Exchange. The research sample consists of four State-Owned Banks, namely Bank Rakyat Indonesia, Bank Mandiri, Bank Negara Indonesia, and Bank Tabungan Negara. The data analysis techniques include descriptive statistics, normality testing, Paired Sample t-Test, and Wilcoxon Signed-Rank Test. The results show that there is a significant difference in financial performance based on ROA between the periods during and after the COVID-19 pandemic, with the average ROA being higher after the pandemic, indicating an improvement in the profitability of State-Owned Banks. Meanwhile, LDR and CAR do not show significant differences between the periods during and after the COVID-19 pandemic, although their average values descriptively increased after the pandemic. These findings indicate that the post-pandemic period was more clearly followed by an improvement in the profitability of State-Owned Banks, while liquidity and capital remained relatively stable despite showing descriptive increases.

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