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Journal : International Journal Of Science, Technology

A Comparative Analysis of Financial Performance and Stability Between Indonesian Sharia Bank (BSI) and Bank Mandiri From 2020 to 2024 Jamaludin, Jamaludin; Aspiranti , Tasya; Amaliah, Ima; Nurhayati, Nunung; Lestari, Rini
International Journal of Science, Technology & Management Vol. 7 No. 1 (2026): January 2026
Publisher : Publisher Cv. Inara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46729/ijstm.v7i1.1401

Abstract

This study aims to assess and describe the financial performance of Bank Mandiri and Indonesian Sharia Bank (BSI) based on the RGEC analysis results during the period 2020–2024. The research method used is quantitative with a descriptive quantitative approach. The population of the study includes all banks registered and operating in Indonesia during the 2020–2024 period, or more specifically certain banks such as conventional banks and sharia banks. The samples selected are Bank Mandiri as the representative of conventional banks and Indonesian Sharia Bank (BSI) as the representative of sharia banks for the 2020–2024 period. The sample selection is based on relevance, availability of data, and representation of each bank type. The results show that Bank Mandiri demonstrates superior performance compared to Indonesian Sharia Bank (BSI) on most key RGEC indicators. Bank Mandiri maintains asset quality with significantly lower NPF, as well as records better efficiency in asset and capital utilization through higher ROA and ROE. Additionally, Mandiri’s operating margin (NOM) is much stronger and more stable. Although both banks have very strong capital adequacy (CAR) and good governance (GCG), operational efficiency (BOPO) remains a challenge for both, even though BSI shows slightly better BOPO figures. Overall, Mandiri is more aggressive in financing distribution and efficient in generating profit, while BSI is still in the process of post-merger stabilization with reasonably healthy performance but with room for improvement in operating margin and efficiency.
Co-Authors A. Rivai Beta Abd. Hakim Adisti, Mutiara Agita Swastika Azzahra Putri Agung, Rizki Nugraha Agustin, Nurlaylla Afdar Aldi Nubli Alif Ramadhan, Nur Alvionita, Ulva Andhika Anandya Annas, Annisa Nuraisyah Annida Khofiatul Islami Annisa, Nazma Nur Arista, Tia Artyasto Jatisidi Aryana, Salman Ashfi Raihana, Permata Asiska Permata Dewi Aspiranti , Tasya Astuti, Medya Aprilia Audina Sopharia, Moza Ayi Abdurahman Azzahra, Sabrina Bastiana Bastiana Bintang Malam Bintarto Wicaksono Dafa Arsalan Damanik, Kiki Fadilah Dehan Kukuh Prayogo Derlina . Doddy Wihardi Dwi Anjani Dwiyatmi Sulasminah Edi Sukarmanto Edison Edison Elizabeth Yohanes Eny Purwandari Epi Fitriah Fadhila Ainun Nafi Fadloli, Alfiandra Daffa Nur Fajar, Maharani Farah Amalia Faris Bintang Faturrahman, Muhammad Akbar Fauziah, N. Eva Fitria, Yanti Friesca Berlianie Poetri Gea Clarissa Agustin Hafiz Hamdani Hapsari, Arie Hariyadi, Hariyadi Helmi Hammam Wicaksono Hilda Hijrianti Ima Amaliah Imadanty, Aqilah Larasati Indah Novita Sari Ivty Damayanti Izzaturahman, Muhammad Khalid Jamaludin . Jati, Rocky Prasetyo Jaya, Nanda Kania Nurcholisah Kiara Amala Shabela Kirana Hayu Kinanthi Komalasari, Neneng Maya Komaran, Muhammad Dhafin Kony Putriani Kristanty, Shinta Kristinasari, Dinda Ayu Larasati Indah Pratiwi Lestari, Dwi Pratiwi Lokananta, Arbi Cristional Lukman Nurhakim Luthfi Nurwandi Made Dewantari Mahmudin Nst, Anjar Malay, Irvan Marcella Putri Nabila Mazidatus Sa’adah Meidina, Tatiana Meilina, Ragil Tri Meilita Aullia Putri Mey Maemunah Mona Tindas Gustiana Muhamad Stiadi Muhammad Akbar Faturrahman Muhammad Fakhri Ramadhan mulyati mulyati Napitupulu, Ilham Hidayah Nasrizal Akbar Nasution, Ramadhani Syafitri Ni Made Yuni Gumala Niar Astaginy Nisa, Sifa Uswatun Nunung Nurhayati Nur Afifah NUR AINI Nur Samsyah Nurdin Bukit Nurfahmiyati Nurjaya, Dimas Nurlaily Ade Syamsuri Nurlela, Yuli Panggayuh, Dimas Galih Pinontoan, Nexen Alexandre Prasetyaningrum, Juliani Prasetyo, Yoyok Prayogo, Dehan Kukuh Pupung Purnamasari PUTRA, RICKY WIDYANANDA Putra, Taqwa Putri, Adzkia Aunillah Putri, Sapna Kartika Rachman, Dinda Fauziyah Rafi Rafsanjani Permadi Rahmada, Suci Ayu Rahmadhani Chan Rahmah, Rizki Aulia Rahmayati, Dinda Ramadhona, Cantika Faiza Ria Setia Sari Rima Rachmawati Rina Puspita Sari Rina Puspitasari Ririn Sri Kuntorini Riswan Riswan Rita Juliani Riyodina G. Praktikto Rosdiana, Yuni Royanti, Royanti Rudy Hartanto Safina Salsabilla Sahyar . Said, Awayundu Salmaa Tasya Salman Aryana Saragih, Leitary M Septian, Alnendi Septiawardani, Helmi Setia Asyanti Setia, Asyanti Sinaga, Debby Yuliana Siti Aisyah Hanim, Siti Aisyah Siti Rahayu Siti Romizatul Halawiyah Sri Fadilah Sri Yuspita Suangga, Asri Suciana, Sri Suhada, Siti Suhati Sujatmiko, Eka Pangestika Sy. Nurul Syobah Syahidah, Wafa Hana Tasya Aspiranti Taufik Nur Insan Taufik Taufik Thomson Parluhutan Nadapdap, Thomson Parluhutan Tsarwah, Almira Khayyira Upit Sarimanah Usmi Karyani Veronika, Anggun Natasya Wahyu Margi Sidoretno Wahyuningtyas, Innez Assyffa Andien Wardhani, Ossy Firstanti Widiyanti, Alvira Wijoyo, Agung Wulandani, Nur Yani Sofiani Yayu Yuliarti Yuhka Sundaya Yuli Afmi Ropita Sari Yulianita Rahayu, Yulianita Yulis Setyawati Zahra, Wulan Aulia Zulmansyah