COMPARISON OF THE GROWTH OF ROA AND ROE RATIOS IN THE FIRST THREE ISLAMIC BANKS IN INDONESIA DURING THE COVID-19 PANDEMIC

Wily Mohammad and Nabilla Ryca Maulidiyah
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Nabilla Ryca Maulidiyah: PT Chishiki NoHikari Indonesia

No z9u8k, OSF Preprints from Center for Open Science

Abstract: Bank Muamalat Indonesia, Bank Syariah Mandiri and Bank Mega Syariah are the first three Islamic commercial banks in Indonesia, sequentally. In carrying out banking activities until 2022, we are curious how the three banks have survived and even survived various disasters. One of these disasters is the emergence of the Covid-19 pandemic. The purpose of this study is to compare the profitability ratios using ROA and ROE of Bank Muamalat Indonesia, Bank Syariah Mandiri, and Bank Mega Syariah in 2018-2020. These figures are compared using statistical analysis and visualized using graphs. When determining whether the ROA and ROE ratios of the three banks are satisfactory or not, we also take into account industry-standard profitability ratios that were derived from earlier research. The conclusions are: 1) The value of ROA and ROE vary from year to year. During the COVID-19 pandemic, from the three banks, Bank Mega Syariah had the greatest ROA at 1.74% and Bank Syariah Mandiri got the highest ROE at 15.03%. 2) The percentage of growth in ROA and ROE fluctuates from year to year. During the COVID-19 pandemic, from the three banks, only Bank Mega Syariah saw a gain in ROA and ROE of 95.51% and 128.57%, respectively. 3) In ROA Grade, no bank shows “Above” grade because all of the ROA value of each bank are < 5,98%. In ROE Grade, Bank Syariah Mandiri earned an "Above" grade for three consecutive years. Bank Mega Syariah got “Above” grade in ROE only in 2020. Meanwhile, Bank Muamalat Indonesia got “below” grade from 2018-2020.

Date: 2022-05-21
New Economics Papers: this item is included in nep-dem and nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:z9u8k

DOI: 10.31219/osf.io/z9u8k

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