MEASURING FINANCIAL HEALTH ANALYSIS USING RISK-BASED BANK RATING (RRBR) RATIOS: EVIDENCE FROM SYARIAH BANK LISTED ON INDONESIA STOCK EXCHANGE (IDX) FOR PERIODS OF 2018-2020

• Main Author: Wirayogi, Agung
• Format: Theses
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/71200
• Institution: Institut Teknologi Bandung

Sharia banking follows the teaching of Islamic teaching that has been depended on by Muslim people, especially in Indonesia. Currently, in Indonesia, the momentum of the Sharia Bank is growing from the increase of the Halal Industry that Indonesia's Government supports. Hence the Sharia Bank's healthiness level needed to be analyzed. This study aims to assess the healthiness level of the Sharia Bank in Indonesia. The Sharia Bank is listed on the Indonesia Stock Exchange (IDX), using the Risk-Based Bank Rating (RBBR) methodology by measuring the Risk Profile condition, Profitability (Earnings), Capital, and Good Corporate Governance (GCG) for periods 2018-2020. The Sharia Bank that will be analyzed is PT Bank BRISyariah Tbk (BRIS) which has been merged into PT. Bank Syariah Indonesia, PT Bank Tabungan Pensiunan Nasional Syariah Tbk (BTPS), and PT Bank Panin Dubai Syariah Tbk (PNBS). This study uses descriptive research with a quantitative approach. All the data are secondary data collected quarterly from the 3rd Quarter of 2018 until the 4th Quarter of 2020. The population of this research is 75% which is 3 out of 4 Sharia Bank listed. Based on the result of the risk profile, Non-Performing Loan (NPL) is Healthy, while Loan to Debt Ratio (LDR) is Quite Healthy. The GCG result indicates that the companies achieved Good. While the Profitability and Capital that be measured through Return on Asset (ROA), Net Interest Margin (NIM), Cost of Operating Income (BOPO), and Capital Adequacy Ratio (CAR) are in Very Healthy Condition.Therefore, the three go-public Sharia Banks are still in healthy condition. However, they still need to pay more attention to the risk profile that shows the lowest performance.