COMPARATIVE ANALYSIS OF COMPANY’S FINANCIAL PERFORMANCE OF PRE AND POST MERGER (CASE STUDY: PT BANK CIMB NIAGA TBK YEAR 2002 - 2007 AND 2009 - 2014)

Abstract

This research aims to identify and find out the comparison of financial performance of Bank CIMB Niaga of pre and post merger. Through purposive sampling with secondary data from Bank CIMB Niaga financial statement, this research has got 22 samples from pre merger period which is on 2002 – 2007 as well as 22 samples from pre merger period which is on 2009 – 2014 with 5 indicators of financial ratios which are CAR, NPL, OER, LDR and ROE. This research uses quantitative research which using some analysis methods such as descriptive statistic, normality testing by using Kolmogorov-Smirnov test method, and hypothesis testing by using paired sample t-test. The result of this study is that CAR and LDR’s post merger is significant higher than pre merger then NPL, OER, and ROE’s post merger is lower than pre merger. Among those 5 variables, LDR is having the most significant difference as it has the highest of difference of average which is 9.8%. Compared based on the performance of both periods, CAR, NPL, OER, and LDR of post merger has better performance rather than in pre merger period. Conversely, ROE is not showing better performance in post merger period.