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Abstract
Abstract: This research is a sustainability research, which uses the same non- manufacturing Altman Z-Score model, with the aim of re-examining the financial health sustainability of the four BUMN banks that the author has studied in 2017 and in 2019. The four BUMN banks are Bank Negara Indonesia (Persero) Tbk PT, Bank Rakyat Indonesia (Persero) Tbk. PT, Bank Tabungan Negara (Persero) Tbk PT, Bank Mandiri (Persero) Tbk PT. The results showed that PT. Bank BTN (Persero) Tbk has a Z-score that has improved in 2018 and 2019, compared to previous years, namely in 2014, 2015, 2016, and 2017. Currently PT. Bank BTN (Persero) Tbk., has moved from the potential financial distress into a "gray area" (improving). Meanwhile, the other three BUMN banks are consistently in the gray area category with a Z-score above 1.2 but below a Z-score of 2.9. The results of this study also show that there is a significant financial performance improvement in every BUMN banking company, but has decreased somewhat in
2019 at Bank BNI (Persero), Tbk. PT and Bank BRI (Persero) Tbk.PT. Be expected is that with the continuous and consistent improvement in financial performance, the financial health position of BUMN Banking (Persero) Tbk can immediately move to the "safe zone".
Keywords: Financial Health of BUMN Banks, Altman Z-Score Model