Financial Performance Assessment of Bank Syariah Indonesia Using The Risk Profile, Good Corporate Governance, Earnings And Capital Approach (2020–2024)
Abstract
Bank Syariah Indonesia (BSI), as the largest Islamic bank in Indonesia, must maintain its soundness level to perform its intermediation function optimally. This study aims to analyze the financial performance of BSI for the period 2020–2024 using the Risk Profile, Good Corporate Governance, Earnings, and Capital (RGEC) approach. This research employs a quantitative descriptive method utilizing secondary data derived from BSI's Annual Reports for the 2020–2024 period. The analysis is conducted by calculating the Non-Performing Financing (NPF) and Financing to Deposit Ratio (FDR) for the Risk Profile aspect; self-assessment results for Good Corporate Governance (GCG); Return on Assets (ROA), Operational Expenses to Operational Income (BOPO), and Net Operating Margin (NOM) for the Earnings aspect; as well as the Capital Adequacy Ratio (CAR) for the Capital aspect. The results indicate that the Risk Profile aspect is categorized as Healthy to Very Healthy, with NPF ranging from 1.76% to 3.02% and FDR from 73.39% to 84.97%. The GCG aspect consistently achieved Composite Rank 2 (Good). Regarding Earnings, ROA increased from 1.29% to 2.27%, BOPO decreased from 84.61% to 69.94%, and NOM rose from 1.30% to 2.15%, reflecting improved profitability and operational efficiency. Meanwhile, the CAR ratio remained between 18.24% and 22.09%, falling under the Very Healthy category. Based on the evaluation of all RGEC components, Bank Syariah Indonesia achieved Composite Rank 1 (PK-1) with a Very Healthy rating throughout 2020–2024, demonstrating its capacity to manage risks, implement good corporate governance, enhance profitability, and maintain capital adequacy.