The Effect of Indonesian Financial Services Authority Stimulus Due to Covid-19 Pandemic Towards Indonesian Commercial Banks Group of Business Activities (BUKU) 4 Category Efficiency Score

The World Health Organization (WHO) announced the coronavirus disease 2019 (Covid-19) outbreak as a global pandemic on March 2020. The world is in serious harm not exclusively to the worldwide healthcare system yet to the world economy. The Covid-19 pandemic has the potential to increase credit risk, especially the MSME sector in paying its obligations to banks and non-bank financial industry. Financial Services Authority of Indonesia issued The National Economic Stimulus as a Countercyclical Policy on the Impact of Covid-19 is aimed at encouraging banking performance. This study aims to examine if there is difference in bank efficiency before and during the countercyclical policy using data envelopment analysis (DEA) output-oriented and variable return to scale (VRS) approach. The sample used are Commercial Banks Group of Business Activities (BUKU) 4. The inputs in this research are fixed assets and deposits. The output used are credit/financing. Then performed the Mann Whitney U-test to identify if there is any difference. Our findings indicate that there is no difference in bank efficiency before and during the implementation of the countercyclical policy. Keywords: Bank Efficiency;Data Envelopment Analysis; DEA; Mann Whitney U-test;Commercial Banks Group of Business Activities (BUKU)