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

Mutia Ulfa; Sutoyo; Koko Bustami

doi:10.62941/irefi.v1i1.16

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

Mutia Ulfa

Sutoyo

Koko Bustami

Keywords: CAMEL Covid-19 pandemic financial performance Indonesia Stock Exchange

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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