The Impact of Third-Party Funds, Credit Restructuring, and Non-Interest Income on Profitability
Abstract
This study aims to examine the influence of Third Party Funds (TPF), credit restructuring, and non-interest income on profitability. The population consists of all banking companies listed on the Indonesian Stock Exchange, with a sample of 43 banking companies covering the period from 2020 to 2022. The data were analyzed using SPSS and multiple linear regression analysis. In this study, TPF, credit restructuring, and non-interest income are the independent variables, while profitability is the dependent variable. Financial intermediation theory and signaling theory provide the theoretical framework for explaining the findings. The analysis results indicate that TPF has a positive effect on profitability, credit restructuring has a negative effect on profitability, and non-interest income has no significant effect on profitability.
Keywords: Third-Party Funds; Credit Restructuring; Non-Interest Income; Profitability; Financial Intermediation Theory; Signal Theory
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References
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Ardheta, PA, & Sina, HR (2020). The Influence of Capital Adequacy Ratio, Third Party Funds, Non-Performing Financing and Murabahah Financing on Profitability. In Journal of Accounting and Management (Vol. 17, Issue 02).
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Dania, D., Amrina, H., Faizah, I., Supriyaningsih, O., Amrina, DH, Id, DHA, Islam, U., Raden, N., Lampung, I., & Lampung, IM (2021) . Al-Mashrof: Islamic Banking and Finance Differences in Bank Profitability Ratios in Indonesia Before Differences in Bank Profitability Ratios in Indonesia Before and During the Covid-19 Pandemic (Vol. 2, Issue 2).
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Harmanu, A. (2018). The Influence of Non-Interest Income on Banking Performance (Return on Equity) in BUKU 4 Banks (Period 2015-2017).
Hastria Ningsih, S., & Hari Ilmudi, A. (2022). Effectiveness of Credit Restructuring during the Pandemic. Tamwil Journal: Journal of Islamic Economics, 8(1), 37–45. http://ecampus.iainbatusangkar.ac.id/ojs/index.p
Herijanto, H., & Wulandari, R. (2016). Effectiveness of Restructuring Criteria in Improving the Quality of Financing Portfolios. Islaminomics: Journal of Islamic Economics, Business and Finance, 7(2).
Hunjra, A.I., Hanif, M., Mehmood, R., & Nguyen, L.V. (2020). Diversification, corporate governance, regulation and bank risk-taking. Journal of Financial Reporting and Accounting, 19(1), 92–108. https://doi.org/10.1108/JFRA-03-2020-0071
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Lestari, DD, & Hersugondo, H. (2021). The Impact of Income Diversification on Risk-Adjusted Profitability and Stability of Conventional Banks in Indonesia. PROBANK: Journal of Economics and Banking, 6(2), 192–205. http://e-journal.stie-aub.ac.id/index.php/probank
Lubis, A. (2022). Analysis of Credit Restructuring Policy for Financing Micro, Small and Medium Enterprises During the Covid-19 Pandemic in Indonesia Based on Financial Services Authority Regulation Number 48/Pojk.03/2020 (Study at Dusun X Medan Estate Village). Iuris Studia: Journal of Legal Studies, 3(2), 158–170.
Meilinda, BP, & Muttaqin, AA (2021). Effectiveness of Financing Restructuring, Fdr, and Npf on Company Profitability During the Covid-19 Pandemic (Study of Sharia Banks in Indonesia). In A Research Journal on Islamic Economics (Vol. 7, Issue 1).
Noel Nathanael, & Sekar Mayangsari. (2022). The Influence of Nim, Bopo, Car and Company Size on the Profitability of Banking Sector Companies. Trisakti Economic Journal, 2(2), 1091–1102.
Parenrengi, S., & Hendratni, TW (2018). The influence of third party funds, capital adequacy and credit distribution on bank profitability. Journal of Strategic Management and Business Applications, 1(1).
Prastiwi, IE, Tho'in, M., & Kusumawati, OA (2021). Internal Factors that Influence the Liquidity of Sharia Banks: Ratio Analysis of Capital Adequacy Ratio (CAR), Third Party Funds (TPF), Non-Performing Financing (NPF). Scientific Journal of Islamic Economics, 7(2). https://doi.org/10.29040/jiei.v7i2.2614
Prastiwi, N. (2022). Analysis of the Level of Working Capital Needs at Bmt Mandiri Abadi Syariah in Medan City.
Rais, M., Manafe, H. A., & Man, S. (2023). The Influence of Third Party Funds, Capital Adequecy Ratio and Non-Performing Financing on Company Profitability with Financing as an Intervening Variable in Sharia banking (A Review of Company Financial Management Literature). Journal of Applied Management Science, 4(5).
Risona, AS, Suryanto, S., Yusuf Alhadihaq, M., Public, A., Tinggi, S., & Bandung, IA (2023). Implementation of Financial Services Authority Regulation Number 48/POJK.03/2020 concerning Relaxation Policy for the Impact of COVID-19 in Garut Regency. NUSANTARA: Journal of Social Sciences, 10(4), 2084–2092.
Safitri, R. (2022). Comparative Analysis of Financial Performance Before and During the Covid-19 Pandemic (Empirical Study of Banking Sector Companies Registered on BEI for the 2018-2021 Period). Doctoral Dissertation.
Septyawanti (2013). Factors Affecting Corporate Bond Ratings. Accounting Analysis Journal, 2(3).
Setiawan, R., & Arrafi, AN (2022). The Effect of Income Diversification on Bank Profitability and Risk in Conventional Commercial Banks in Indonesia During the Covid-19 Pandemic. Journal of Economics and Business, 10(2).
Setiyono, A., Maramis, M., & Setianto, RH (2019). Income Diversification on the Effect of Market Forces on Bank Stability. Al-Tijarah, 5(1), 38–45. http://ejournal.unida.gontor.ac.id/index.php/altijarah
Sholiha, M., Shodiq Askandar, N., Fauzi, A., & Sari, K. (2020). The Influence of Bank Health Level on Company Profit Growth Using the RGEC Method (Study of State-Owned Banks Listed on the IDX for the 2015-2018 Period). E-JRA: Faculty of Economics and Business, Islamic University of Malang, 09(03).
Solihin, S. (2021). The Influence of Third Party Funds (TPF), Non-Performing Credit (Npl) and Operational Costs Operational Income (Bopo) on Profitability in the Banking Sector Listed on the Indonesia Stock Exchange (BEI) for the 2015–2019 Period. (Doctoral Dissertation, Indonesian Computer University).
Sri Asri, NN, & Gede Suarjaya, AA (2018). The Influence of Third Party Funds, Capital Adequacy Ratio, Liquidity, and Company Size on Profitability. Unud Management E-Journal, 7(6), 3384–3411.
Suartama, IW, Sulindawati, N., & Herawati, NT (2017). Analysis of the Implementation of Credit Restructuring in Efforts to Save Non-Performing Loans (NPL) at PT BPR Nusamba Tegallalang. JIMAT (Scientific Journal of Accounting Students) Undiksha, 8(2).
Sulastrini, LP, Putu, I., Diatmika, G., Gusti, I., Purnamawati, A., & Akuntansi, J. (2023). The Effect of NPL and CAR on Profitability with Credit Restructuring as a Moderating Variable in the Banking Sector. Accounting Student Scientific Journal) Ganesha Education University, 14, 1.
Ubjaan, J. (2023). Analysis of Credit Restructuring during the Covid-19 Pandemic at Bank Maluku, North Maluku Ambon Branch. Hypothesis, 17(1). https://sikapiuangmu.ojk.go.id
Violeta Ketaren, E., & Mulyo Haryanto, A. (2020). The Influence of Financial Performance on the Stability of Banks Listed on the Indonesia Stock Exchange (Case Study of Banks Listed on the IDX 2014-2018). Diponegoro Journal of Management, 9(2), 1–13. http://ejournal-s1.undip.ac.id/index.php/dbr
Widyawati, S. (2021). Analysis of the Effect of Financing Restructuring on Return on Assets (Roa) of Sharia Banks in Indonesia. Sultan Maulana Hasanuddin State Islamic University, Banten.
Yang, P., Di Bursa, T., Indonesia, E., Noviarvanty, GA, & Aminah, S. (2022). Serat Acitya-UNTAG Semarang Scientific Journal The Influence of Third Party Funds, Capital Adequacy Ratio, and Return on Assets on Credit Distribution in the Sector. April Management & Accountancy in Practice Journal, 11(1).
Zatnika, Y., Safariah, I., & Hodijah, C. (2022). The Influence of Third Party Funds and Non-Performing Credit on Profitability (In Conventional Commercial Banks Registered on BEI in 2014-2017). CHAKRAWALA-IMWI Repository |, 5(1).
Afnani, L. (2023). Strategy for Increasing Fee Based Income Through E-Channel Transactions by Pt Bank Rakyat Indonesia (Bri) Tbk Jember Branch Office during the Covid-19 Pandemic. Kiai Haji Achmad Siddiq State Islamic University Jember.
Ajizah, SDN (2022). Sharia Bank Performance Analysis.
Ali, M.A., Pervez, A., Bansal, R., & Khan, M.A. (2022). Analyzing Performance of Banks in India: A Robust Regression Analysis Approach. Discrete Dynamics in Nature and Society, 1(9).
Anggreni, MR, & Suardhika, MS (2014). The Influence of Third Party Funds, Capital Adequacy, Credit Risk and Credit Interest Rates on the Profitability of State-Owned Banks in 2010-2012. Accounting E-Journal, 27–37.
Ardheta, PA, & Sina, HR (2020). The Influence of Capital Adequacy Ratio, Third Party Funds, Non-Performing Financing and Murabahah Financing on Profitability. In Journal of Accounting and Management (Vol. 17, Issue 02).
Aristia, K. (2020). The Effect of Fee Based Income on Increasing the Profitability of Sharia Commercial Banks in Indonesia, 2016-2019 Period.
Awang Budiman, H. (2022). 44 15 (2) (2022) 144-158 Factors influencing bank profitability: Case study of banks listed on the IDX. Journal of Economic and Business Research, 15(2).
Dania, D., Amrina, H., Faizah, I., Supriyaningsih, O., Amrina, DH, Id, DHA, Islam, U., Raden, N., Lampung, I., & Lampung, IM (2021) . Al-Mashrof: Islamic Banking and Finance Differences in Bank Profitability Ratios in Indonesia Before Differences in Bank Profitability Ratios in Indonesia Before and During the Covid-19 Pandemic (Vol. 2, Issue 2).
Dila Anggarini. (2018). The Influence of Third Party Funds, Non-Performing Financing, Profit Sharing Levels and Own Capital on Profitability with Profit Sharing Financing as an Intervening Variable in Sharia Banking. Indonesian Journal of Sustainable Accounting, 1(1), 12.
Elgi, A., Bumantara, TS, & Sembiring, WA Br. (2023). Factors that Influence Banking Profitability. Journal of Management and Business (JOMB), 5(1), 177–189. https://doi.org/10.31539/jomb.v5i1.5255
Eliza, R., Syahirah, N., & Putri, ME (2022). documents (21). Journal of Sharia Economics & Economics, 5(2), 2614–3259.
Eriyanto, DB, & Bambang Sudiyatno. (2022). The Influence of Credit Risk, Liquidity Risk, Interest Rate Risk on Profitability with Managerial Ownership Structure and Company Size as Control Variables. Fair Value: Scientific Journal of Accounting and Finance, 4(3), 1096–1113.
Giffary, A., Olii, A., & Baftim, F. (2021). Restructuring Problematic Bank Credit and Its Legal Aspects. Lex Privatum, IX(1).
Harmanu, A. (2018). The Influence of Non-Interest Income on Banking Performance (Return on Equity) in BUKU 4 Banks (Period 2015-2017).
Hastria Ningsih, S., & Hari Ilmudi, A. (2022). Effectiveness of Credit Restructuring during the Pandemic. Tamwil Journal: Journal of Islamic Economics, 8(1), 37–45. http://ecampus.iainbatusangkar.ac.id/ojs/index.p
Herijanto, H., & Wulandari, R. (2016). Effectiveness of Restructuring Criteria in Improving the Quality of Financing Portfolios. Islaminomics: Journal of Islamic Economics, Business and Finance, 7(2).
Hunjra, A.I., Hanif, M., Mehmood, R., & Nguyen, L.V. (2020). Diversification, corporate governance, regulation and bank risk-taking. Journal of Financial Reporting and Accounting, 19(1), 92–108. https://doi.org/10.1108/JFRA-03-2020-0071
Indah Bintari, V., Deana Santosa, A., & Amalia Hamzah, R. (2019). The Influence of Interest Based Income and Fee Based Income on Return on Assets at Bank Mandiri (Persero) Tbk. Journal of Management Economics, 5, 24–34. http://jurnal.unsil.ac.id/index.php/jem
Khotijah, S., & Sugiyono, A. (2021). The Influence of Fee Based Income and Interest Income on Company Income (Empirical Study of Indonesian State-Owned Banks Period. 09(01).
Lestari, DD, & Hersugondo, H. (2021). The Impact of Income Diversification on Risk-Adjusted Profitability and Stability of Conventional Banks in Indonesia. PROBANK: Journal of Economics and Banking, 6(2), 192–205. http://e-journal.stie-aub.ac.id/index.php/probank
Lubis, A. (2022). Analysis of Credit Restructuring Policy for Financing Micro, Small and Medium Enterprises During the Covid-19 Pandemic in Indonesia Based on Financial Services Authority Regulation Number 48/Pojk.03/2020 (Study at Dusun X Medan Estate Village). Iuris Studia: Journal of Legal Studies, 3(2), 158–170.
Meilinda, BP, & Muttaqin, AA (2021). Effectiveness of Financing Restructuring, Fdr, and Npf on Company Profitability During the Covid-19 Pandemic (Study of Sharia Banks in Indonesia). In A Research Journal on Islamic Economics (Vol. 7, Issue 1).
Noel Nathanael, & Sekar Mayangsari. (2022). The Influence of Nim, Bopo, Car and Company Size on the Profitability of Banking Sector Companies. Trisakti Economic Journal, 2(2), 1091–1102.
Parenrengi, S., & Hendratni, TW (2018). The influence of third party funds, capital adequacy and credit distribution on bank profitability. Journal of Strategic Management and Business Applications, 1(1).
Prastiwi, IE, Tho'in, M., & Kusumawati, OA (2021). Internal Factors that Influence the Liquidity of Sharia Banks: Ratio Analysis of Capital Adequacy Ratio (CAR), Third Party Funds (TPF), Non-Performing Financing (NPF). Scientific Journal of Islamic Economics, 7(2). https://doi.org/10.29040/jiei.v7i2.2614
Prastiwi, N. (2022). Analysis of the Level of Working Capital Needs at Bmt Mandiri Abadi Syariah in Medan City.
Rais, M., Manafe, H. A., & Man, S. (2023). The Influence of Third Party Funds, Capital Adequecy Ratio and Non-Performing Financing on Company Profitability with Financing as an Intervening Variable in Sharia banking (A Review of Company Financial Management Literature). Journal of Applied Management Science, 4(5).
Risona, AS, Suryanto, S., Yusuf Alhadihaq, M., Public, A., Tinggi, S., & Bandung, IA (2023). Implementation of Financial Services Authority Regulation Number 48/POJK.03/2020 concerning Relaxation Policy for the Impact of COVID-19 in Garut Regency. NUSANTARA: Journal of Social Sciences, 10(4), 2084–2092.
Safitri, R. (2022). Comparative Analysis of Financial Performance Before and During the Covid-19 Pandemic (Empirical Study of Banking Sector Companies Registered on BEI for the 2018-2021 Period). Doctoral Dissertation.
Septyawanti (2013). Factors Affecting Corporate Bond Ratings. Accounting Analysis Journal, 2(3).
Setiawan, R., & Arrafi, AN (2022). The Effect of Income Diversification on Bank Profitability and Risk in Conventional Commercial Banks in Indonesia During the Covid-19 Pandemic. Journal of Economics and Business, 10(2).
Setiyono, A., Maramis, M., & Setianto, RH (2019). Income Diversification on the Effect of Market Forces on Bank Stability. Al-Tijarah, 5(1), 38–45. http://ejournal.unida.gontor.ac.id/index.php/altijarah
Sholiha, M., Shodiq Askandar, N., Fauzi, A., & Sari, K. (2020). The Influence of Bank Health Level on Company Profit Growth Using the RGEC Method (Study of State-Owned Banks Listed on the IDX for the 2015-2018 Period). E-JRA: Faculty of Economics and Business, Islamic University of Malang, 09(03).
Solihin, S. (2021). The Influence of Third Party Funds (TPF), Non-Performing Credit (Npl) and Operational Costs Operational Income (Bopo) on Profitability in the Banking Sector Listed on the Indonesia Stock Exchange (BEI) for the 2015–2019 Period. (Doctoral Dissertation, Indonesian Computer University).
Sri Asri, NN, & Gede Suarjaya, AA (2018). The Influence of Third Party Funds, Capital Adequacy Ratio, Liquidity, and Company Size on Profitability. Unud Management E-Journal, 7(6), 3384–3411.
Suartama, IW, Sulindawati, N., & Herawati, NT (2017). Analysis of the Implementation of Credit Restructuring in Efforts to Save Non-Performing Loans (NPL) at PT BPR Nusamba Tegallalang. JIMAT (Scientific Journal of Accounting Students) Undiksha, 8(2).
Sulastrini, LP, Putu, I., Diatmika, G., Gusti, I., Purnamawati, A., & Akuntansi, J. (2023). The Effect of NPL and CAR on Profitability with Credit Restructuring as a Moderating Variable in the Banking Sector. Accounting Student Scientific Journal) Ganesha Education University, 14, 1.
Ubjaan, J. (2023). Analysis of Credit Restructuring during the Covid-19 Pandemic at Bank Maluku, North Maluku Ambon Branch. Hypothesis, 17(1). https://sikapiuangmu.ojk.go.id
Violeta Ketaren, E., & Mulyo Haryanto, A. (2020). The Influence of Financial Performance on the Stability of Banks Listed on the Indonesia Stock Exchange (Case Study of Banks Listed on the IDX 2014-2018). Diponegoro Journal of Management, 9(2), 1–13. http://ejournal-s1.undip.ac.id/index.php/dbr
Widyawati, S. (2021). Analysis of the Effect of Financing Restructuring on Return on Assets (Roa) of Sharia Banks in Indonesia. Sultan Maulana Hasanuddin State Islamic University, Banten.
Yang, P., Di Bursa, T., Indonesia, E., Noviarvanty, GA, & Aminah, S. (2022). Serat Acitya-UNTAG Semarang Scientific Journal The Influence of Third Party Funds, Capital Adequacy Ratio, and Return on Assets on Credit Distribution in the Sector. April Management & Accountancy in Practice Journal, 11(1).
Zatnika, Y., Safariah, I., & Hodijah, C. (2022). The Influence of Third Party Funds and Non-Performing Credit on Profitability (In Conventional Commercial Banks Registered on BEI in 2014-2017). CHAKRAWALA-IMWI Repository |, 5(1).
Published
2025-05-30
How to Cite
PEMAYUN, Anak Agung Istri Maha Iswari; BUDIASIH, I Gusti Ayu Nyoman.
The Impact of Third-Party Funds, Credit Restructuring, and Non-Interest Income on Profitability.
E-Jurnal Akuntansi, [S.l.], v. 35, n. 5, may 2025.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/116216>. Date accessed: 14 oct. 2025.
doi: https://doi.org/10.24843/EJA.2025.v35.i05.p06.
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