Merger of Islamic Banking and How is the Impact? (Lessons from Indonesia Islamic Banking)
Keywords:
performance banking, islamic banking, financial ratiosAbstract
Merger as one of the banking corporate actions, expanding the network and business of Islamic banks, as well as entity sustainability. This study tries to analyze and measure the effectiveness of the merger on the performance of Bank Syariah Indonesia based on several indicators from a financial perspective before and after the merger. Data is taken from the financial reports of BNIS, BRIS and BSM before the merger for the 2019-2020 period, and BSI’s financial statements after the merger for the 2021-2022 period via the ojk.go.id website. Measurement of financial performance can be seen from the analysis of income statements and financial ratios through the current ratio, debt to equity ratio, return on assets, and total assets turn over. The comparative results of performance calculations show that the current ratio, return on assets and total assets turnover have not shown significant performance results, while the debt to equity ratio and profit (loss) show a significant increase in performance. These results indicate that corporate actions in the form of mergers have not had a positive and significant impact on improving the performance and sustainability of Islamic banking.
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