Comparative Analysis of the Health Level of Digital and Conventional Banks Based on the RGEC Method on the IDX (2020-2025) (Jurnal Ilmiah Manajemen Ekonomi & Akuntansi (MEA))

Summary

• Average RGEC health was 80.56% for digital banks and 90.14% for conventional banks, with an Independent Sample T-Test result of <0.001.p.1
• The study uses 48 observations, 24 for digital banks and 24 for conventional banks.p.9
• Digital banks had an average NPL of 1.47% versus 2.27% for conventional banks, while LDR was 94.18% versus 85.81%.p.9
• ROA averaged 0.70% for digital banks and 3.05% for conventional banks, while NIM averaged 11.32% versus 5.49%.p.9
• CAR averaged 59.39% for digital banks and 22.68% for conventional banks.p.9
• Significant differences were found for NPL, GCG, ROA, NIM and CAR, while LDR showed no significant difference.p.1

Key insights

1. Conventional banks have a higher overall RGEC health level than digital banks (90.14% versus 80.56%).p.9
2. Digital banks have a lower NPL (1.47%) than conventional banks (2.27%).p.13
3. Conventional banks have higher ROA (3.05%) than digital banks (0.70%), while digital banks have higher NIM (11.32% versus 5.49%).p.13
4. Digital banks show a much higher CAR (59.39%) than conventional banks (22.68%), though both remain in the very healthy category for capital.p.12
5. Bank Jago showed CAR above 160% during 2020–2023, far above the 8% minimum requirement.p.4
6. Mean ranks for GCG were 30.50 for digital banks and 18.50 for conventional banks.p.10