Evaluation of the Feasibility of Capital Participation Plan by Bangli Regency Government to PT. BPR Bank Daerah Bangli in 2023
1I Komang Putra, 2I Ketut Darma
1,2Development Economics Study Program, Warmadewa University, Bali, Indonesia
https://doi.org/10.47191/jefms/v7-i9-63ABSTRACT:
This study aims to evaluate the feasibility of investment in capital participation by the Bangli Regency Government in PT BPR Bank Daerah Bangli for the period 2022-2026. This evaluation uses financial analysis methods including Payback Period, Net Present Value (NPV), and Internal Rate of Return (IRR). Based on the results of the analysis, it is known that the capital investment of Rp13 billion during the period generates significant cash flows, with a Payback Period of 4 years and 5.29 months. This shows that the investment capital can be returned faster than the planned investment duration of 5 years, thus indicating that this investment is feasible. The NPV calculation shows a positive value of Rp603,879,838, which indicates that this investment is profitable and provides added economic value to the Bangli Regency Government. Meanwhile, the IRR calculation result of 5.20% also shows that this investment provides a higher rate of return than the cost of capital. Thus, the combination of a positive NPV and an adequate IRR indicates that this investment project is economically feasible and can contribute positively to local finances. The projected profits earned during the analysis period show an increasing trend each year, further strengthening the potential sustainability of this investment. The profit received as dividends in 2022 was recorded at Rp2.71 billion and increased to Rp3.47 billion in 2026. In addition to providing a decent return for the government, this investment also has the potential to increase Regional Original Revenue (PAD) and support other regional development programs. Therefore, the Bangli Regency Government's capital participation in PT BPR Bank Daerah Bangli is considered a strategic step that is low risk but provides significant benefits.
KEYWORDS:
Payback Period, Net Present Value, Internal Rate of Return, Capital Investment, PT. BPR Bank Daerah Bangli
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