Aria Saputra, Febi Amelia Putri, Fatimah Fatimah, Sulistiawati Madonsa, Muh. Resky Fahrullah

Comparative Analysis of Financial Performance Using the CAMEL Method After the COVID-19 Pandemic: Case Study of Banking Industry

Introduction

Comparative analysis of financial performance using the camel method after the covid-19 pandemic: case study of banking industry. Analisis komparatif kinerja keuangan Bank Muamalat, Panin Dubai Syariah, dan Bukopin Syariah pasca-COVID-19 dengan metode CAMEL. Pelajari rasio penting dan prospek investasi.

Abstract

Riset ini dilakukan untuk mengevaluasi kinerja keuangan Bank Muamalat, Bank Panin Dubai Syariah, dan Bank Bukopin Syariah menggunakan metode CAMEL pasca pandemi COVID-19. Data keuangan dari tahun 2020 hingga 2022 dianalisis melalui rasio-rasio seperti capital adequacy ratio, non-performing financing, net profit margin, return on assets, beban operasional terhadap pendapatan operasional, dan financing to deposit ratio. Penelitian ini merupakan jenis penelitian deskriptif kuantitatif yang bertujuan untuk mengevaluasi kinerja keuangan Bank Muamalat, Bank Panin Dubai Syariah, dan Bank Bukopin Syariah selama periode 2020–2022 menggunakan Metode CAMEL. Populasi penelitian melibatkan laporan keuangan ketiga bank tersebut, dengan jenis data yang digunakan berupa data sekunder yang terdokumentasi dan dapat diakses melalui situs resmi Bursa Efek Indonesia. Teknik pengumpulan data yang diterapkan adalah melalui dokumentasi, dan variabel yang menjadi fokus adalah kinerja keuangan yang dievaluasi menggunakan Metode CAMEL. Hasil analisis menunjukkan bahwa Bank Muamalat menunjukkan pertumbuhan yang konsisten dengan rasio capital adequacy ratio meningkat secara signifikan, mencerminkan manajemen risiko yang efektif. Bank Panin Dubai Syariah, meskipun mengalami fluktuasi, masih tergolong "Sangat Sehat" dengan manajemen risiko yang kuat. Bank Bukopin Syariah menghadapi penurunan, tetapi tetap dikategorikan sebagai "Sehat" dengan upaya restrukturisasi keuangan. Dalam konteks investasi, Bank Muamalat dan Bank Panin Dubai Syariah menonjol sebagai opsi yang menjanjikan, namun keputusan akhir harus mempertimbangkan faktor-faktor lain seperti kebijakan internal dan kondisi pasar.

Review

This study provides a timely and relevant quantitative descriptive analysis of the financial performance of three Indonesian Islamic banks – Bank Muamalat, Bank Panin Dubai Syariah, and Bank Bukopin Syariah – during the critical period of 2020-2022, following the COVID-19 pandemic. By employing the widely recognized CAMEL method and examining key financial ratios such as capital adequacy, non-performing financing, profitability, operational efficiency, and liquidity, the research effectively evaluates their respective financial health. The findings present a nuanced picture, highlighting Bank Muamalat's consistent growth and effective risk management, Bank Panin Dubai Syariah's sustained "Very Healthy" status, and Bank Bukopin Syariah's classification as "Healthy" despite facing challenges and undergoing restructuring. The research's strength lies in its focused application of a robust analytical framework to a pertinent subject matter. The use of the CAMEL method, combined with specific financial ratios, offers a comprehensive approach to assessing bank performance, which is particularly valuable in the context of post-pandemic recovery and the unique characteristics of Islamic banking. By utilizing readily accessible secondary data from the Indonesia Stock Exchange, the study demonstrates transparency and potential for replication. Furthermore, the explicit discussion of investment implications, identifying Bank Muamalat and Bank Panin Dubai Syariah as promising options, underscores the practical utility of the findings for potential investors and other stakeholders. While the study offers valuable insights, there are areas for potential refinement. The framing of the 2020-2022 period as "after the COVID-19 pandemic" could benefit from a more precise definition, as this timeframe largely encompasses the pandemic's immediate impact and early recovery phases. Additionally, while the abstract lists several ratios, a clearer elucidation of how each ratio maps to the specific components of the CAMEL framework (Capital, Asset Quality, Management, Earnings, Liquidity) and contributes to the overall "Healthy" or "Very Healthy" categorical rating would enhance the methodological clarity and academic rigor. Finally, given its case study nature, a brief discussion on the generalizability of these findings to the broader Indonesian banking industry or the wider Islamic finance sector could further enrich the paper's contribution.

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