ANALISIS TINGKAT KESEHATAN BANK SYARIAH DENGAN METODE RGEC DAN FINANCIAL DISTRESS (Studi pada Bank Umum Syariah di Indonesia Periode 2019-2023)

Abstract

This study aims to assess the soundness level of Islamic Commercial Banks (ICBs) in Indonesia from 2019 to 2023, utilizing the Financial Services Authority Regulation No. 8/POJK.03/2014, which employs the RGEC (Risk Profile, Good Corporate Governance, Earnings, and Capital) approach. The evaluation focuses on key indicators, including Risk Profile (FDR and NPF), Good Corporate Governance (GCG Self-Assessment), Earnings (ROA, ROE, and NOM), and Capital (CAR). Additionally, the study examines financial distress using the Altman Z-Score model.

The research adopts a qualitative descriptive approach, with a population of 12 Islamic Commercial Banks in Indonesia. Secondary data, including annual reports, financial statements, sustainability reports, and GCG reports, were analyzed using the RGEC method and modified Altman Z-Score.

Findings reveal that the majority of ICBs in Indonesia are in good financial health, with BMSI identified as the top-performing bank in terms of soundness. However, the Altman Z-Score analysis indicates that most ICBs fall into the Distress and Gray categories, suggesting potential financial vulnerabilities. The correlation between RGEC and financial distress is found to be relatively weak. This study provides insights into the financial stability and risk management of Islamic Commercial Banks in Indonesia, offering valuable implications for stakeholders and policymakers.