ANALYSIS OF COV-19 IMPACT ON FINANCIAL PERFORMANCE AT PT. INDONESIAN PEOPLE'S BANK (PERSERO) TBK AND PT. BANK CENTRAL ASIA, TBK FOR 2016-2020 USING ECONOMIC VALUE ADDED (EVA) AND MARKET VALUE ADDED (MVA) METHODS

Waseso Segoro,Ria Agustina

doi:10.31933/dijemss.v2i6.998

Abstract

COVID-19 has a negative impact on economic activity, one of which affects the financial performance of banks. Where the net profit of each bank decreased and the bank had to restructure credit to its debtors. The purpose of this study was to determine the impact of CoV-19 on the financial performance of PT. Bank Rakyat Indonesia (Persero), Tbk, and PT. Bank Central Asia, Tbk using Economic Value Added (EVA) and Market Value Added (MVA) methods. In this study, the type of data used was secondary data. The analytical method used is descriptive method of data collected and then compiled and analyzed. The results showed that the EVA value at PT. Bank Rakyat Indonesia (Persero), Tbk experienced fluctuations, although EVA is not stable, this company still produces an EVA value > 0 or positive value., and for MVA it increased in 2016-2019 but in 2020 it decreased, even so the MVA value> 0 or positive. While at PT. Bank Central Asia, Tbk EVA value has increased every year so that the value of EVA> 0, and for the value of MVA has increased every year with the resulting value of MVA> 0.

Highlights

Technological developments and economic growth in the era of globalization are growing rapidly
COVID-19 has a negative impact on economic activity, one of which affects the financial performance of banks
The results showed that the Economic Value Added (EVA) value at PT

Summary

Introduction

Technological developments and economic growth in the era of globalization are growing rapidly. This makes companies try to get as much profit as possible, besides that companies are competing to attract the attention of investors to invest their capital. The company's financial performance is one of the information that is needed by management, investors and creditors. Financial performance information can help management to find out whether the company is good or not in a certain period so that it can be taken into consideration by management in making a decision to achieve company goals in increasing profits.

Objectives

Methods

Conclusion