Analisis Kinerja Keuangan Dengan Menggunakan Rasio-Rasio
Keuangan Dan
Economic Value Added
(Studi Kasus: PT. Bank Syariah Mandiri)
Endri
Dosen Program Studi Bisnis dan Manajemen Islam STEI TAZKIA
Abdul Wakil
Alumni Program Studi Bisnis dan Manajemen Islam STEI TAZKIA
Abstract
This paper analyzes the financial peformance of Bank Syariah Mandiri (BSM) using
financial ratios and Economic Value Added (EVA) method. The ratio of Net Profit
Margin (NPM), Return on Asset (ROA), Return on Equity (ROE), and Capital Adequacy
Ratio (CAR) show fluctuative result. However, on average, during 2003-2006 financial
performance of BSM wa s increased considerably. While using EVA method, its result
during 2003-2006 tend to decrea sed and even negative. The best performance was
happening in 2003, whereby during 2004 - 2006 EVA result wa s lower than zero
meaning that financial performance of BSM do not have any economic contribution to
the institution especially for the interest of investor.
JEL Classification: G21, L25
