PENGARUH RETURN ON ASSETS (ROA), INFLASI DAN SUKU BUNGA SBI TERHADAP PENYALURAN KREDIT PADA PT PEGADAIAN PERSERO Tbk TAHUN 2019 – 2023

Abstract

This study aims to analyze the influence of Return on Assets (ROA), inflation, and the Bank Indonesia Certificate (SBI) interest rate on credit distribution at PT Pegadaian Persero Tbk during the period 2019-2023. Economic fluctuations, including the impact of the COVID-19 pandemic, affected the performance of non-bank financial institutions like PT Pegadaian Persero Tbk. Credit distribution is a core activity that supports economic growth, making it essential to understand the factors influencing it.

The research uses quantitative methods with multiple linear regression analysis. The data used are secondary data from PT Pegadaian Persero Tbk financial reports over five years. The independent variables are ROA, inflation, and SBI interest rates, while the dependent variable is credit distribution. The tests were conducted to determine the effect of the independent variables on credit distribution, both partially and simultaneously.

The results show that ROA has a significant positive effect on credit distribution, meaning that increased company profitability drives credit growth. On the other hand, inflation and SBI interest rates have a significant negative effect, indicating that high inflation and SBI interest rates can hinder credit distribution. These three variables simultaneously affect credit distribution at PT Pegadaian Persero Tbk.