CAPITAL ADEQUACY RATIO IN PRIVATE

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1 CAPITAL ADEQUACY RATIO IN PRIVATE BANKING SECTOR, AN IMPLEMENTATION OF CAPITAL STRUCTURE FINAL PROJECT By Undergraduate Program School of Business and Management Institut Teknologi Bandung

2 VALIDATION PAGE CAPITAL ADEQUACY RATIO IN PRIVATE BANKING SECTOR, AN IMPLEMENTATION OF CAPITAL STRUCTURE By: ID No: Undergraduate Program School of Business and Management Institut Teknologi Bandung Validated By (Deddy P.Koesrindartoto, PhD)

3 Ass.Wr.Wb PREFACE Alhamdulillahirabbil alamin, this final project has been finished on time. Along with this final project, I would like to thanks for the people who have been helped me in doing this final project. Firstly, Thank s to God, Allah SWT who always gives me power and spirit in keep doing this final project. I also would like to say thank you to my supervisor, Mr. Deddy Koesrindartoto,PhD for your kindness in helping me, teach me patiently, thanks for the discussion time and I am really sorry if you think I am not a good student. Mr. Harry Mukti, thanks for the SPSS book, it s really helpful. To Ms. Naniek Murtaqi, thanks for the knowledge about debt to equity ratio and account in financial statement. Thank you for Mr. Arson as my counselor for three years and Mr. Ahmad as his vice. Thank you for Mr. Suroto, Mr. Yeppry and Ms. Yayuk for the knowledge about banking industry. To Mr. Hanif, one of the library staff in Jakarta Stock Exchange thanks for the data of financial statement of each banks. For My Parents, thanks for everything, for your support, your help. Thanks for your consideration to me, keep support me when I am getting stuck with the project. This project is a present from me for both of you. Above all, thank you for all of my friends. Thank you for Kethy, as my partner in this final project. Thanks for your advise and critics to improve the final project. Bunga, as my buddy thanks for the English words. Thanks for Ochi and Sabrina who always reminds me to finish my final project. Jojo, thanks for your house to be a base camp and sorry we mess it. Harry my partner of discussion on Damodaran, thanks for the explanation. Gayatri, thanks for your help in Microsoft excel skill. And thanks for all of my friends that I can not mention one by one. I am very glade having friends like all of you. For the staff in administration and library, thanks for Mr. Iwan, Ms. Ikum and Mr. Yayat who always give the information of

4 schedule. Staff in Library, Mr. Rajab and Ms. Wiwiek thanks for the books and sorry I am always disturbing you by asking some papers, borrow the book, asking tolerance in pay the penalty because I am late in returning the books. Last, I hope this final project will useful for everyone who read it and also for the next research. Wass.Wr.Wb. Bandung, 07 September 2007

5 CAPITAL ADEQUACY RATIO, AN IMPLEMENTATION OF CAPITAL STRUCTURE Tanggal Ujian Akhir : 10 Agustus 2007 Tanggal Wisuda : 27 Oktober 2007 Program Sarjana, Institut Teknologi Bandung, 2007 Pembimbing : Deddy Koesrindartoto, PhD. ABSTRACT Capital is a vital factor in company to finance its operational activities that gain more profit. Many articles explain about capital structure, but most of them exclude for banks and other financial institutions. The understanding about this issue is very important to avoid the bank getting bankrupt. As an intermediary institution, bank has primary source of funding their capital by debt (more than 80%). Greater amount of debt in funding their capital means more responsibilities for firm to manage its debt. There are two groups of private banking sectors based on the ownership in each bank: local banks and international banks. Local Private banking sector has higher rate of debt to equity ratio than international private banking sectors. The study also concludes that debt to equity ratio effecting 71% of amount in capital adequacy ratio and debt to equity ratio has negative relation (comparable-inversed) with debt to equity ratio. International private banking sector has higher ratio on capital adequacy ratio compared with local private banking sector. In the last chapter of this study also determine the recommendation for next study: to calculate the optimum capital structure for each bank and try to measure other fourth categories of bank s growth. Keywords : capital structure, capital adequacy ratio, debt, equity, private banks

6 RASIO KECUKUPAN MODAL MINIMUM PADA SEKTOR PERBANKAN SWASTA, IMPLEMENTASI DARI STRUKTUR MODAL Tanggal Ujian Akhir : 10 Agustus 2007 Tanggal Wisuda : 27 Oktober 2007 Program Sarjana, Institut Teknologi Bandung, 2007 Pembimbing : Deddy Koesrindartoto, PhD. ABSTRAK Modal adalah faktor utama pada sebuah perusahaan, karena melalui modal inilah perusahaan memiliki kemampuan untuk mengembangkan kegiatan bisnisnya. Banyak artikel artikel yang membahas mengenai struktur modal pada perusahaan, akan tetapi mengecualikan bank serta lembaga keuangan lainnya. Pemahaman pada struktur modal sangatlah penting, karena pembiayaan modal yang kurang tepat dapat menyebabkan perusahaan tersebut bangkrut. Sebagai institusi intermediasi, bank memiliki sumber pembiayaan modal yang utama dari bank (lebih dari 80%). Semakin besar pembiayaan modal perusahaan melalui hutang, semakin besar pula tanggung jawabnya dalam mengatur hutang hutang tersebut. Ada 2 (dua) grup dalam sektor perbankan swasta berdasarkan kepemilikannya: bank swasta lokal dan bank swasta internasional. Bank swasta lokal memiliki rasio hutang terhadap modal lebih tinggi dibandingkan dengan bank swasta internasional. Disimpulkan juga bahwa rasio hutang terhadap modal mempengaruhi 71% dari jumlah rasio kecukupan modal minimum. Rasio hutang terhadap modal memiliki hubungan negatif dengan nilai rasio kecukupan modal minimum. Bank swasta internasional memiliki nilai rasio kecukupan modal minimum lebih tinggi dibandingkan bank swasta lokal. Di akhir studi ini, penulis juga memberikan rekomendasi untuk studi studi selanjutnya, yaitu: penghitungan nilai optimum struktur modal pada masing masing bank dan mencoba mengukur semua faktor dalam penilaian tingkat kesehatan bank. Kata Kunci : Struktur kapital, rasio kecukupan modal minimum, hutang, modal, perbankan swasta.