Analisis kinerja keuangan Bank Victoria Syariah tahun 2020-2024 berdasarkan rasio Return on Assets (ROA)

Abstract

This study analyzes the financial performance of PT Bank Victoria Syariah over the 2020–2024 period using Return on Assets (ROA) as the primary indicator of profitability and asset-management efficiency. Secondary data were obtained from audited annual financial statements and Financial Services Authority (OJK) publications. Results show significant ROA fluctuations: 0.16% in 2020 due to the COVID-19 pandemic, which pushed NPF Gross to 6.9% and required substantial impairment provisions; a sharp rise to 0.71% in 2021 driven by the successful national restructuring program and PEN stimulus, lowering NPF to 4.2% and spurring 18% (yoy) new financing growth; a decline to 0.45% in 2022 following the termination of OJK relief, rising BI Rate, and NPF rebound to 5.1%; followed by gradual recovery to 0.64% (2023) and 0.82% (2024), supported by portfolio clean-up, NPF Gross reduction to 2.87%, BOPO improvement from 94% to 88%, and average annual sharia third-party funds growth of 11%. The five-year average ROA is 0.56%. ROA is predominantly influenced by NPF, FDR, operational efficiency (BOPO), and intellectual capital. To achieve a ROA target above 1% within the next three years, the bank is recommended to accelerate digital transformation, diversify syndication financing, and enhance Islamic financial literacy and inclusion for the MSME segment.