Effect of Credit Restructuring During the Covid-19 Pandemic on Financial Performance with Expected Credit Loss as an Intervening Variable

Lauria Arisandy Zalukhu(1*), Fifi Swandari(2),

(1) Universitas Lambung Mangkurat
(2) Universitas Lambung Mangkurat
(*) Corresponding Author




DOI: https://doi.org/10.26858/jo.v9i1.47313

Abstract


Credit restructuring is an improvement effort made by the Bank in lending activities to debtors who are experiencing difficulties in fulfilling their obligations. This study aims to analyze the effect of implementing credit restructuring through Expected Credit Loss (ECL) on financial performance during the Covid-19 pandemic. This research is a type of causality research with a quantitative approach that uses secondary data obtained from the financial reports of 21 (twenty one) branch offices of PT Bank Negara Indonesia (Persero), Tbk during the period March 2020 to December 2021. The sampling technique uses a non-probability sampling technique with a saturated sampling technique and the data analysis tool in this study uses the SmartPLS application with an evaluation model that can be carried out by assessing the outer model and the inner model. The results of the analysis show that (1) credit restructuring during the Covid-19 pandemic had a positive effect on financial performance, (2) credit restructuring during the Covid-19 pandemic through expected credit loss as an intervening variable had a positive effect on financial performance. According to researchers, this is because the credit facility provided by the Covid restructuring scheme does not require additional reserves for impairment losses expected credit loss.

Keywords


Covid restructuring; expected credit loss; covid-19; profitability; risk profile;

Full Text:

PDF

References


Achmad, A., & Kristijadi, E. (2021). Pengaruh risiko kredit terhadap permodalan dengan efisiensi sebagai variabel intervening. Journal of Business and Banking, 10(2), 213. https://doi.org/10.14414/jbb.v10i2.2404

Adhinugroho, B. (2021). Dampak Peningkatan Restrukturisasi Utang Akibat Covid-19 Terhadap Profitabilitas Perusahaan Perbankan. The 2nd Seminar Nasional ADPI Mengabdi Untuk Negeri Pengabdian Masyarakat Di Era New Normal Prosiding Vol 2. No 2 (2021), 2(2), 19–23.

Andrianto. (2020). Manajemen Kredit (Q. Media (ed.); Pertama). CV Penerbit Qiara Media.

Bachtiar, S. (2019). Peranan perbankan dalam meningkatkan perekonomian indonesia. Jurnal Ekonomi, 6(2), 136–146.

BNI Financial Report. (2021). Consolidated Financial Statements of PT Bank Negara Indonesia (Persero) Tbk and Subsidiaries.

Central Bureau of Statistics. (2022). Indonesia Economic Report 2022. Bank Indonesia, 2, 31.

Gusti Ngurah Agung Suaryana, I., Noviari, N., & Gusti Ayu Eka Damayanthi, I. (2022). The impact of Indonesian financial accounting standard implementation, credit risk, and credit restructuring on allowance for credit losses in Indonesia. Banks and Bank Systems, 17(3), 177–187. https://doi.org/10.21511/bbs.17(3).2022.15

Indramawan, D. (2019). Implementasi PSAK 71 Pada Perbankan. Buletin Ikatan Bankir Indonesia, 31, 1–7.

Kithinji, A. M., Mwangi, M., Litondo, K., & Ogutu, M. (2017). Intervening Effect of Financial Services on the Relationship Between Bank Restructuring and Financial Performance. European Scientific Journal, ESJ, 13(28), 121. https://doi.org/10.19044/esj.2017.v13n28p121

Lestari, R. Y. (2015). Pengaruh Penyaluran Kredit dan Rasio Biaya Operasional Pendapatan Operasional (BOPO) terhadap Return On Asset (ROA)(Studi Kasus Pada Perusahaan …. Elib.Unikom.Ac.Id, 3.

Lisnawati. (2020). Skema Penyelamatan Bumn Pada Masa Pandemi Covid-19. Pusat Penelitian Badan Keahlian DPR RI, XII(4), 19–24.

Nguyen Duong, T. T., Phan, H. T., Hoang, T. N., & Thi Vo, T. T. (2020). The effect of financial restructuring on the overall financial performance of the commercial banks in Vietnam. Journal of Asian Finance, Economics and Business, 7(9), 75–84. https://doi.org/10.13106/JAFEB.2020.VOL7.NO9.075

Omer, A. (2022). The Influence of the Bank Restructuring on the Financial Performance of Commercial Banks in Iraq. Research Journal of Finance and Accounting, 13(August), 82–91. https://doi.org/10.7176/rjfa/13-14-09

OJK Regulation No. 15/POJK.03/2017 article 3 paragraph 2 (d) concerning Determination of Status and Follow-Up Supervision of Commercial Banks, (2017).

Rimbawan, T., Muhammadiyah, P., Kebijakan, D., Kredit, R., Masa, D., & Tengah, J. (2022). Dampak Kebijakan Restrukturisasi Kredit di Masa Pandemi Covid-19 Terhadap Kinerja Perbankan di Indonesia. 2(1).

Rismayani, M. A. D. (2021). Restrukturisasi Kredit Sebagai Upaya Bank Untuk Membantu Debitur Dalam Menyelesaikan Tunggakan Kredit di PT Bank Tabungan Negara (Persero), Tbk Denpasar. 1–5.

Sari, N., & Widaninggar, N. (2020). Loan Loss Provision, Good Corporate Governance Dan Manajemen Laba Bank di Indonesia dan Malaysia. AFRE (Accounting and Financial Review), 3(1). https://doi.org/10.26905/afr.v3i1.4555

Sofyaun, A., Juniar, A., & Rahmawati, R. (2022). Tata Kelola Perusahaan Dalam Kinerja Keuangan Melalui Agency Cost. Ju, 30(8.5.2017), 343–365. Jurnal Darma Agung, 30, 343–365.

Sudrajat, D. dkk. (2019). Pengaruh CAR dan CKPN Terhadap ROA pada PT BPD Jawa Barat dan Banten, Tbk. STIE Ekuitas, Bandung, 9.


Article Metrics

Abstract view : 114 times | PDF view : 19 times

Refbacks

  • There are currently no refbacks.


Copyright (c) 2023 Lauria Arisandy Zalukhu, Fifi Swandari

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.