Financial Performance Policies During Recovery Period: A Case Study of Bank BJB, a Public Regional Development Bank in Indonesia Company
DOI:
https://doi.org/10.37638/bima.7.1.1001-1010Keywords:
Cash Flow, Financial Performance, Bank BJB, RecoveryAbstract
Purpose: This study aims to analyse Bank BJB's financial performance using operating cash flow ratios: OCF/CL, OCF/TD, and OCF/NP. Methodology: A descriptive quantitative approach was applied using secondary data from Bank BJB's audited annual reports for 2019-2023, covering the pre-pandemic, pandemic, and recovery phases. The data were analysed using operating cash flow ratio analysis, with a benchmark value of 1, to assess liquidity pressure, debt dependency, and earnings quality. Results: The results show unstable cash-based financial resilience, with average OCF/CL, OCF/TD, and OCF/NP ratios of -0.011, -0.009, and -0.513, respectively. These findings indicate that operating cash flow was insufficient to support current liabilities, total liabilities, and net profit. Although 2021 recorded the strongest performance, the sharp decline in 2022 confirms that profitability was not always aligned with actual cash generation. Findings: The findings highlight the importance of cash-flow-based control and the need to align credit expansion with operating cash flow capacity. Novelty & Originality: This study offers novelty by analysing operating cash flow ratios across pre-pandemic, pandemic, and recovery phases for Bank BJB, a context rarely explored in prior research on Indonesian regional banks. Conclusions: Bank BJB needs to strengthen cash-flow-based control by aligning credit expansion with operating cash flow capacity, maintaining third-party fund stability, and ensuring that digital transformation improves cost efficiency and sustainable cash generation. Type of Paper: This paper is an empirical research paper.
References
Azhar, J. Z. (2025). Analisis Laporan Arus Kas untuk Menilai Kinerja Keuangan PT. Garuda Indonesia (Persero) Tbk pada Periode Tahun 2019-2023. Wawasan : Jurnal Ilmu Manajemen, Ekonomi Dan Kewirausahaan, 3(1), 276–290. https://doi.org/10.58192/wawasan.v3i1.2915 DOI: https://doi.org/10.58192/wawasan.v3i1.2915
Bank BJB. (2022). Laporan Tahunan 2021. Pertumbuhan Melalui Akselerasi Digital, Memberi Makna untuk Indonesia. https://bankbjb.co.id/page/laporan-tahunan
Bank BJB. (2024). Laporan Tahunan 2022: Transformasi tiada henti untuk mempersembahkan kinerja terbaik. https://bankbjb.co.id/files//2023/03/laporan-tahunan-bank-bjb-2022.pdf
Bank BJB. (2024). Laporan Tahunan 2023. Tumbuh Berkelanjutan, Memberikan Inovasi Terbaik Sustainable Growth for the Greatest Innovation. https://ir.bankbjb.co.id/files//2024/07/ar-2023-bjbr-lengkap-100724-lr-compressed.pdf
Ceysa, S. D., Putri, J. D., Putri, D. A., & Siswajanthy, F. (2024). Peranan Perbankan dalam Perekonomian Indonesia. 25959–25964. https://jptam.org/index.php/jptam/article/view/16350
Daulay, A. P., & Syafina, L. (2022). Analisis Laporan Arus Kas Dalam Menilai Kinerja Keuangan PT. Sumber Satwa Sejahtera . Balance : Jurnal Akuntansi Dan Manajemen, 1(1), 25–30. https://doi.org/10.59086/jam.v1i1.5 DOI: https://doi.org/10.59086/jam.v1i1.5
Dwijayanto, A. (2022, November 3). Laporan Arus Kas: Pengertian, Jenis, Manfaat, dan Contohnya. Mekari Klikpajak. https://klikpajak.id/blog/laporan-arus-kas/
Hartanto, W. (2023a, November 6). Konsisten Berikan Informasi dengan Transparan dan Akuntabel, bjb Raih Anugerah keterbukaan Informasi publik 2023. https://bankbjb.co.id/news/konsisten-berikan-informasi-dengan-transparan-dan-akuntabel-bjb-raih-anugerah-keterbukaan-informasi
Hartanto, W. (2023b, November 15). bank bjb Raih Penghargaan top 20 Financial Institution 2023 dari the finance. Bank BJB. https://bankbjb.co.id/news/bank-bjb-raih-penghargaan-top-20-financial-institution-2023-dari-the-finance
IAI. (2020). PSAK Pocket Guide 2020. https://www.pwc.com/id/en/publications/assurance/psak-pocket-guide-2023.pdf
Irwandi, I., Hasan, M., & Wahyuni, S. (2022). The Role of Operating Cash Flow to Current Liabilities in Assessing Liquidity Performance. Journal of Financial and Banking Studies, 4(1), 45–56.
Khuzaeni. (2022). Analisis likuiditas, solvabilitas, profitabilitas dan aktivitas di masa pandemi COVID-19 untuk menilai kinerja keuangan pada PT. Telkom Indonesia, Tbk. Swara Manajemen (Keuangan, Pemasaran, dan Sumber Daya Manusia), 2(4), 365–378. https://garuda.kemdiktisaintek.go.id/documents/detail/3468283 DOI: https://doi.org/10.32493/jism.v2i4.25384
Komal, Z. e H., Saeed, S., & Qazi, I. I. (2022). IMPACT OF FREE CASH FLOW ON THE FINANCIAL PERFORMANCE: EVIDENCE FROM COMMERCIAL BANKS OF PAKISTAN. 4(2). https://doi.org/10.52567/pjsr.v4i2.505
Laoli, N. (2024, October 8). Bank BJB: Penerapan Good Corporate Governance Dorong Pertumbuhan Berkelanjutan. Kontan. https://keuangan.kontan.co.id/news/bank-bjb-penerapan-good-corporate-governance-dorong-pertumbuhan-berkelanjutan
Ompusunggu, D. P., & Irenetia, N. (2023). Pentingnya Manajemen Keuangan Bagi Perusahaan. CEMERLANG : Jurnal Manajemen Dan Ekonomi Bisnis, 3. https://doi.org/10.55606/cemerlang.v3i2.1129 DOI: https://doi.org/10.55606/cemerlang.v3i2.1129
Pratiwi, P., Ulupui, I., & Muliasari, ndah. (2021). PENGARUH ARUS KAS OPERASI, ARUS KAS INVESTASI, ARUS KAS PENDANAAN TERHADAP RETURN SAHAM PERUSAHAAN KEUANGAN YANG TERDAFTAR DI BEI PERIODE 2015-2019. 2, 452–469. https://doi.org/10.21009/japa.0202.15 DOI: https://doi.org/10.21009/japa.0202.15
Setiawati, S. R. I. (2020). ANALISIS PENGARUH FAKTOR-FAKTOR FUNDAMENTAL KINERJA BANK DAN MAKRO EKONOMI TERHADAP STABILITAS PERBANKAN DI INDONESIA. Jurnal Ilmiah Bisnis Dan Ekonomi Asia, 14(2), 123–132. https://doi.org/10.32812/jibeka.v14i2.194 DOI: https://doi.org/10.32812/jibeka.v14i2.194
Subarna, A (2024, December 2). Lakukan Berbagai Transformasi, bank bjb Raih Penghargaan dari Infobank. Bank BJB. https://bankbjb.co.id/news/lakukan-berbagai-transformasi-bank-bjb-raih-penghargaan-dari-infobank
Tanjung, A. A., Ariza, D., Nababan, F., Siboro, R. P., & Hasyim. (2024). Kritikalitas Pembagian Fungsi Pengawasan dan Regulasi antara Bank Indonesia, OJK, dan LPS. Akuntansi Dan Ekonomi Pajak: Perspektif Global, 1(2), 84–101. https://doi.org/10.61132/aeppg.v1i2.139 DOI: https://doi.org/10.61132/aeppg.v1i2.139
Ulya, A., Zahra, L. K., Hermawan, S. A., & Prawira, I. F. A. (2024). Literatur Review: Transparansi dalam Laporan Keuangan dan Dampaknya terhadap Kepercayaan Pemangku Kepentingan. Ilmu Ekonomi Manajemen Dan Akuntansi MH Thamrin, 5(2). https://doi.org/10.37012/ileka.v5i2.2364 DOI: https://doi.org/10.37012/ileka.v5i2.2364
Widyadana, A. S., & Seputro, D. N. D. (2025). Analisis Arus Kas Operasional dan Likuiditas Jangka Pendek (Studi Kasus: Perusahaan Ritel Mainan di Surabaya). AKADEMIK: Jurnal Mahasiswa Ekonomi & Bisnis, 5(3), 1441- 1450. DOI: https://doi.org/10.37481/jmeb.v5i3.1521
Zega, F., Irawan, A., Setyawati Melati Putri, E., & Nuridah, S. (2023). Analisis Laporan Arus Kas sebagai Alat Ukur Efektivitas Kinerja Keuangan pada PT Bank Mandiri (Persero) Tbk pada Tahun 2018-2022. Jurnal Pendidikan Tambusai, 7(3), 29732–29738. https://doi.org/10.31004/jptam.v7i3.11784
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Phelia Irma Indriani Badrudin, Syifa Rachmania Komara (Author)
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
An author who publishes in the BIMA JOURNAL: Business, Management, and Accounting Journal agrees to the following terms:
Author retains the copyright and grants the journal the right of first publication of the work simultaneously licensed under the Creative Commons Attribution-ShareAlike 4.0 License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal
Submission of a manuscript implies that the submitted work has not been published before (except as part of a thesis or report, or abstract); that it is not under consideration for publication elsewhere; that its publication has been approved by all co-authors. If and when the manuscript is accepted for publication, the author(s) still hold the copyright and retain publishing rights without restrictions. For the new invention, authors are suggested to manage its patent before published. The license type is CC-BY-SA 4.0.
BIMA JOURNAL: Business, Management and Accounting is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
You are free to:
Share — copy and redistribute the material in any medium or format
Adapt — remix, transform, and build upon the material
for any purpose, even commercially.
The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
ShareAlike — If you remix, transform, or build upon the material, you must distribute your contributions under the same license as the original.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
- You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation.
- No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.
How to Cite
