Comparison of Indonesian Banking Performance Pre and Post Pandemic Covid-19

Anandhayu Mahatma Ratri, Agung Suwandaru, Harril Brimantyo, Ginanjar Indra Kusuma Nugraha, Almer Rasyid


This research aims to determine and analyze the performance of Indonesia's Banking Sub Sector before and during the pandemic. We apply the CAMEL method to assess the Bank's performance via CAR (Capital Adequacy Ratio), NPL (Non-Performing Loan), NPM (Net Profit Margin), ROA (Return on Assets), and LDR (Loan to Deposit Ratio) in both situations. The sample uses 42 banking companies listed on the Indonesia Stock Exchange from 2019 – 2020. The results show that the CAR, NPL, and NPM values during the pandemic have increased compared to before the pandemic. However, the ROA and LDR values decreased during the pandemic compared to before the pandemic. The other findings exhibit no significant differences in CAR, NPL, NPM, ROA, and LDR on bank performance before and during the pandemic. In conclusion, banks should be aware of changes during the pandemic and will change various financial transactions. The research results are also significant for policymakers to make policies that can facilitate the community and the banking world in the post-pandemic era by paying attention to changes.


CAMEL; Banking Performance; Covid-19 Pandemic; Bank Health

Full Text:



Ahmad, T., Nugroho, A. S., Abdullah, R., & Sumarto, A. H. (2020). PROYEKSI EKONOMI INDONESIA 2021 JALAN TERJAL PEMULIHAN EKONOMI. INDEF.

Barua, B., & Barua, S. (2021). COVID-19 implications for banks: evidence from an emerging economy. SN Business & Economics, 1(1), 1-28.

Broadstock, D. C., Chan, K., Cheng, L. T., & Wang, X. (2021). The role of ESG performance during times of financial crisis: Evidence from COVID-19 in China. Finance research letters, 38, 101716.

COVID-19, S. T. P. (2021). Peta sebaran Covid 19. Retrieved from

Demirgüç-Kunt, A., Pedraza, A., & Ruiz-Ortega, C. (2021). Banking sector performance during the COVID-19 crisis. Journal of Banking & Finance, 133, 106305.

Devi, S., Warasniasih, N. M. S., Masdiantini, P. R., & Musmini, L. S. (2020). The impact of COVID-19 pandemic on the financial performance of firms on the Indonesia stock exchange. Journal of Economics, Business, & Accountancy Ventura, 23(2), 226-242.

Fitriani, P. D. (2020). Analisis komparatif kinerja keuangan bank umum syariah pada masa pandemi Covid–19. Jurnal Ilmu Akuntansi dan Bisnis Syariah (AKSY), 2(2), 113-124.

Ho, C. T., & Zhu, D. S. (2004). Performance measurement of Taiwan's commercial banks. International Journal of Productivity and Performance Management.

Ichsan, R., Suparmin, S., Yusuf, M., Ismal, R., & Sitompul, S. (2021). Determinant of Sharia Bank's Financial Performance during the Covid-19 Pandemic. Budapest International Research and Critics Institute-Journal (BIRCI-Journal), 298-309.

Karim, S., Akhtar, M. U., Tashfeen, R., Raza Rabbani, M., Rahman, A. A. A., & AlAbbas, A. (2021). Sustainable banking regulations pre and during coronavirus outbreak: the moderating role of financial stability. Economic Research-Ekonomska Istraživanja, 1-18.

Krugman, P., Baldwin, R., & Weder di Mauro, B. (2020). Mitigating the COVID Economic Crisis: Act Fast and Do Whatever It Takes. In.

Nicola, M., Alsafi, Z., Sohrabi, C., Kerwan, A., Al-Jabir, A., Iosifidis, C., . . . Agha, R. (2020). The socio-economic implications of the coronavirus pandemic (COVID-19): A review. International journal of surgery, 78, 185-193.

OJK. (2007). Peraturan Bank Indonesia Nomor 9/1/PBI/2007. Retrieved from

OJK. (2019). Indonesia’s financial sector: Contributing to sustainable finance. OJK. Presentation during a conference “Living within our planetary limits” (October 2019). Retrieved from

OJK. (2021). Laporan Tahunan OJK 2020; Resiliensi untuk Pemulihan Ekonomi yang Berkualitas. Retrieved from

Shen, H., Fu, M., Pan, H., Yu, Z., & Chen, Y. (2020). The impact of the COVID-19 pandemic on firm performance. Emerging Markets Finance and Trade, 56(10), 2213-2230.

Sullivan, V. S., & Widoatmodjo, S. (2021). Kinerja Keuangan Bank Sebelum Dan Selama Pandemi (Covid–19). Jurnal Manajerial Dan Kewirausahaan, 3(1), 257-266.

Surya, Y. A., & Asiyah, B. N. (2020). Analisis Perbandingan Kinerja Keuangan Bank BNI Syariah dan Bank Syariah Mandiri di Masa Pandemi Covid-19. IQTISHADIA Jurnal Ekonomi & Perbankan Syariah, 7(2), 170-187.



  • There are currently no refbacks.

Jurnal Bisnis dan Manajemen
Faculty of Social and Political Science University of Merdeka Malang

Mailling Address:
  • Address: Terusan Dieng Street 62-64 Malang, Indonesia
  • Website:
  • Email:
  • Phone: 085645878363
Free counters!

View Stat JBM