Abstract
PSAK 71 is used to prevent procyclical CKPN during emergencies. If a bank's CKPN value is procyclical, then the bank's financial sustainability becomes blurred during economic stress. This situation will harm investors interested in the bank's financial success. This study evaluates the effectiveness of PSAK 71 and ERM in reducing the impact of the COVID-19 pandemic on the financial performance of banking institutions during the economic crisis. Using a saturated sample selection technique, we selected a sample of 47 banks from the IDX from 2018 and 2023 for this research. We analyzed the data using the Wilcoxon signed-rank test. Research shows that (a) there is a slight average difference between the CKPN value in the first and second years of the COVID-19 pandemic, and (b) there is no difference between the loan value in the first and second years of the COVID-19 pandemic. 19 pandemic, and (c) there are differences in the value of profits in the first and second years of the COVID-19 pandemic.
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