Analysis of Financial Performance of SOE Commercial Banks using the RGEC Method Before and During the Covid-19 Pandemic

This research aims to obtain empirical evidence related to bank financial performance reviewed from analysis with RGEC method based on BI regulation No. 13/1/PBI/2011 dated January 5 on assessment of health levels of Commercial Banks. This research aims to find out and analyze the financial performance of conventional state-owned commercial banks before and during the covid-19 pandemic in Indonesia, knowing the stability of the financial performance of conventional state-owned commercial banks before and during the covid-19 pandemic in Indonesia. The object of this research is a state-owned commercial bank company listed on the Indonesia Stock Exchange (IDX) for the period 2018-2021. Based on the purposive sampling method obtained 4 sample companies. The type of research used is quantitative with secondary data sources. Data collection techniques are carried out through documentation methods in the form of financial statements. The data was analyzed through different tests paired samples T-Test and Wilcoxon Signed Ranks Test. The results showed that using the RGEC method the assessment factors used were NPL, LDR, ROA, NIM, CAR, and ROE only the bank's NIM ratio before and during the Covid-19 pandemic experienced a significant difference. Analysis of different tests conducted on bank health levels before and during the Covid-19 pandemic showed that there was more likely to be no difference in bank health levels before and during the Covid-19 pandemic in NPL, LDR, ROA, and CAR ratios. This means that there has been no significant increase in the health level of banks before and during the Covid-19 pandemic.