rasio kesehatan keuangan bca syariah

7/23/2019 Rasio Kesehatan Keuangan Bca Syariah

1/25

_DZAE CHZHBD^D@ OD@C

V^ OJD ZQD_ADB

(phraenh ?646-?64>)

@e

Idcter

JDLHKZ

Oeoet (phrsh`) phr ^dbu`

?646 ?644 ?64? ?64: ?64>

4 JD_ =9,>% >8,1% :4,8% ??,>% ?1,9%

? CDV4 (DVN/DV) 6,14% 6,9=% 6,=9% 6,12% 6,=:%

CDV?

(VVDN/VV]N)?48,49% 4?=,??% 46=,8?% 441,24% 469,2>%

: @EL6,24% 6,1?% 6,21% 4,6>% 6,=2%

> _ED6,=2% 6,16% 6,2>% 4,64% 6,=9%

OEVE 14,>9% 14,=?% 16,2=% 22,44% 29,14%

8 IN_ ==,16% =2,26% =1,16% 2:,>2% 14,4=%

9

Jdnd`md`

Lendk/Zh`savaty

te Ldrcht _asc

(Z te L_)

9,=2% 9,1:% 9,==% 1,96% 8,?6%

Vh`mhrtad` nd` ugud` Vhàkdad` Chshbdtd` Od`c

â`mcdt chshbdtd` od`c dndkdb bdsak phàkdad` ce`nasa Od`c yd`m nakdcucd`

thrbdndp rasace nd` ca`hrgd Od`c dtdu ndkdl ph`mhrtad` kda` ta`mcdt chshbdtd` Od`c

dndkdb sudtu jhrla`d` odbwd shoudb od`c ndpdt lh`gdkd`cd` iu`msa`yd nh`md` odac.

Ndkdl ph`mhrtad` kda`, ta`mcdt chshbdtd` od`c lhrupdcd` bdsak ph`hkatad`

cudkatdtai dtds ohrodmda dsphc yd`m ohrph`mdrub thrbdndp ce`nasa dtdu ca`hrgd sudtu


2/25

od`c lhkdkua phàkdad` idcter phrlendkd`, cudkatds dssht, ld`dghlh`, rh`tdoakatds,

kacuanatds. Vhàkdad` thrbdndp idcter-idcter thrshout nakdcucd` lhkdkua phàkdad`

cudkatdtai shthkdb lhlphrtalod`mcd` u`sur gunmhlh`t yd`m nandsdrcd` dtds

ldthradkatds nd` samàiacd`sa ndra idcter-idcter phàkdad` shrtd ph`mdrub ndra idcter

kda``yd shphrta ce`nasa a`nustra phrod`cd` nd` phrhceèlad` `dsae`dk. Vhàkdad`

cud`tatdtai dndkdb phàkdad` thrbdndp pesasa, phrchlod`md`, nd` preyhcsa rdsae-rdsae

chud`md` od`c. Vhàkdad` cudkatdtai dndkdb phàkdad` thrbdndp idcter-idcter yd`m

lh`nucu`m bdsak phàkdad` cud`tatdtai, ph`hrdpd` ld`dghlh` rasace, nd` chpdtubd`

od`c nd` sddt aà Od`c A`ne`hsad gumd lhlakaca lhtenh phàkdad` chshbdtd` shjdrd

chshkurubd` odac ndra shma cudkatdtai nd` cud`tatdtai.

Ounasd`tese nd` ^rad`ndru (?668784) lh`mdrtacd` chshbdtd` od`c shodmda

chldlpud` sudtu od`c u`tuc lhkdcucd` chmadtd` ephrdsae`dk phrod`cd` shjdrd

èrldk nd` ldlpu lhlhùba shlud chwdgaod``yd nh`md` odac nh`md` jdrd-jdrd

yd`m shsuda nh`md` phrdturd` phrod`cd` yd`m ohrkdcu. Vh`mhrtad` th`td`m chshbdtd`

od`c na dtds lhrupdcd` sudtu odtdsd` yd`m sd`mdt kuds, cdrh`d chshbdtd` od`c

lhld`m lh`jdcup chshbdtd` sudtu od`c u`tuc lhkdcsd`dcd` shkurub chmadtd` usdbd

phrod`cd``yd. Chmadtd` thrshout lhkaputa7

d. Chldlpud` lh`mbalpu` nd`d ndra ldsydrdcdt, ndra khlodmd kda`, nd` ndra

lendk sh`nara.

o. Chldlpud` lh`mhkekd nd`d.

j. Chldlpud` u`tuc lh`ydkurcd` nd`d ch ldsydrdcdt.

n. Chldlpud` lhlhùba chwdgaod` chpdnd ldsydrdcdt, cdrydwd`, phlakac lendk,

nd` pabdc kda`.

h. Vhlhùbd` phrdturd` phrod`cd` yd`m ohrkdcu.

Nh`md` cdtd kda`, ta`mcdt chshbdtd` od`c gumd hrdt cdatd``yd nh`md` phlhùbd`

phrdturd` phrod`cd` (chpdtubd` pdnd Od`c A`ne`hsad).

Lhùrut Od`c Ei Zhttkhlh`t, od`c ndpdt nacdtdcd` shbdt dpdoakd od`c

thrshout ndpdt lhkdcsd`dcd` je`trek thrbdndp dsphc lendk, dctavd, rh`tdoakatds,

ld`dghlh` nd` dsphc kacuanatds`yd. Vh`mhrtad` Chshbdtd` od`c lhùrut Od`cA`ne`hsad shsuda nh`md`X`nd`mu`nd`m _A @e. = ^dbu` 411? ^h`td`m phrod`cd`


3/25

Vdsdk ?1 dndkdb Od`c nacdtdcd` shbdt dpdoakd od`c thrshout lhlhùba chth`tud`

Chshbdtd` od`c nh`md` lhlphrbdtacd` dsphc Vhrlendkd`, Cudkatds Dssht, Cudkatds

Ld`dghlh`, Cudkatds _h`tdoakatds, Kacuanatds, Zekvdoakatds, nd` dsphc kda` yd`m

ohrbuou`md` nh`md` usdbd od`c.

Nh`md` shldca` lhà`mcdt`yd celpkhcsatds nd` preiak rasace, od`c phrku

lh`manh`taiacdsa phrldsdkdbd` yd`m lu`mca` talouk ndra ephrdsae`dk od`c. Odma

phrod`cd`, bdsak dcbar phàkdad` ce`nasa od`c thrshout ndpdt namu`dcd` shodmda sdkdb

sdtu sdrd`d ndkdl lh`htdpcd` strdthma usdbd nawdctu yd`m dcd` ndtd`m shnd`mcd`

odma Od`c A`ne`hsad d`tdrd kda` namu`dcd` shodmda sdrd`d ph`htdpd` nd`

alpkhlh`tdsa strdthma ph`mdwdsd` od`c ekhb Od`c A`ne`hsad.

Vhàkdad` ûgud` chshbdtd` Od`c dndkdb u`tuc lh`h`tucd` dpdcdb od`c

thrshout ndkdl ce`nasa yd`m shbdt, jucup shbdt, curd`m shbdt dtdu tandc shbdt. Odma

od`c yd`m shbdt dmdr thtdp lhlphrtdbd`cd` chshbdtd``yd, shnd`mcd` od`c yd`m

sdcat u`tuc shmhrd lh`meodta ph`ydcat`yd.

Crathrd Dsphc JDLHKZ ndkdl phrdturd` OA

D`dkasas JDLHKZ nadtur ndkdl Vhrdturd` Od`c A`ne`hsad @eler

9/46/VOA/?66> phrabdk sasthl phàkdad` â`mcdt Chshbdtd` Od`c Xlul nd` Vhrdturd`

Od`c A`ne`hsad @eler 1/4/VOA/?66= ^h`td`m Zasthl Vhàkdad` â`mcdt Chshbdtd`

Od`c Xlul Ohrndsdrcd` Vra`sap Zydradb.

Vhàkdad` ta`mcdt chshbdtd` od`c ohrndsdrcd` chth`tud` Od`c A`ne`hsad

lh`jdcup phàkdad` thrbdndp idcter-idcter JDLHKZ yd`m thrnara ndra7

4. Vhrlendkd` (Jdpatdk)

Vhàkdad` ph`nhcdtd` cud`tatdtai nd` cudkatdtai idcter phrlendkd` nakdcucd`

lhkdkua phàkdad` thrbdndp chjucupd` phlhùbd` Chwdgaod` Vh`yhnadd` Lendk

Laàlul (CVLL) thrbdndp chth`tud` yd`m ohrkdcu. Lhkdkua rdsae aà dcd` nachtdbua

chldlpud` lh`yd`mmdb dctavd od`c thrutdld phloadydd` yd`m nasdkurcd` nh`md`

shgulkdb lendk od`c (Donukkdb, ?66:796).

Vrhnacdt chshbdtd` od`c ndra shma JD_natu`guccd` ndkdl tdohk ohracut,

^dohk Crathrad JD_


4/25

(Zulohr7 ZH OA @e.1/?>/NVoZ tdbu` ?66=)

?. Dssht (Dctavd Vrenuctai)

Dctavd prenuctai lhrupdcd` dssht yd`m nalakaca ekhb od`c yd`m

ph`mmu`dd``yd nakdcucd` nh`md` jdrd ph`d`dld` nd`d chpdnd pdrd phkdcu hceèla

nd` ldsydrdcdt. Dctavd yd`m prenuctai shra`m gumd nashout nh`md` hdrà`m dsshts dtdu

dctavd yd`m lh`mbdsakcd`, cdrh`d ph`d`dld` nd`d thrshout ndkdb u`tuc lh`jdpda

ta`mcdt ph`mbdsakd` (kdod) yd`m nabdrdpcd`. Ndkdl lh`gdkd`cd` chmadtd` ph`d`dld`

nd`d, dctavd prenuctai ndpdt lh`mmdlodrcd` ca`hrgd od`c, shkda` atu dctavd prenuctai

gumd ohrndlpdc pdnd ta`mcdt preiatdoakatds.

Ndsdr phàkdad` dctavd prenuctai ndpdt naoh`tuc ph`yasabd` ph`mbdpusd`

dctavd prenuctai yd`m nalaaca mu`d lhùtup rhsace khlu`mca`d` chrumad` dtds dctavd

prenuctai thrshout.

Lhùrut Kucld` Nh`ndwagdyd (?661748:) Lh`mhlucdcd` odbwd sdkdb sdtu

celpe`h` ndkdl phàkdad` idcter cudkatds dctavd prenuctai (CDV) ndkdl chth`tud`

yd`m kdld dndkdb phrod`na`md` (rdsae) d`tdrd ph`yasabd` ph`mbdpusd` dctavd

prenuctai (VVDV) nd` gulkdb dctavd prenuctai yd`m nackdsaiacdsacd` (DVQN).

Zhba`mmd rdsae yd`m naucur thrnara ndra ? ldjdl ydatu7

d. _dsae Dctavd Vrenuctai Qd`m Nackdsaiacdsacd` thrbdndp Dctavd Vrenuctai

(rdsae DVQN thrbdndp DV)

_dsae Vhra`mcdt Chthrd`md`

JD_ 4?% 4 Zd`mdt Zhbdt

1% JD_ ; 4?% ? Zhbdt

2% JD_ ; 1% : Jucup Zhbdt

9% ; JD_ ; 2% > Curd`m Zhbdt

JD_ 9% 8 ândc Zhbdt


5/25

DVQN (dctavd prenuctai yd`m nackdsaiacdsacd`) dndkdb ph`gulkdbd` dctavd

prenuctai yd`m thrmeke`m è` kd`jdr shthkdb nacdkacd` oeoet`yd. _dsae aà namu`dcd`

u`tuc lh`mucur ta`mcdt chlu`mca`d` nathrald`yd chlodka nd`d yd`m natd`dlcd`.

Vdnd dsphc cudkatds dctavd aà lhrupdcd` phàkdad` ghàs-ghàs dctavd yd`m nalakaca

ekhb od`c nh`md` jdrd lhlod`na`mcd` d`tdrd dctavd prenuctai yd`m nackdsaiacdsacd`

nh`md` dctavd prenuctai. Cudkatds dctavd prenuctai yd`m ndpdt nabatu`m nh`md`

lh`mmu`dcd` rdsae Cudkatds Dctavd Vrenuctai (CDV). Dctavd prenuctai yd`m

nackdsaiacdsacd` dtdu shra`m nashout gumd dctavd prenuctai ohrldsdkdb dndkdb dctavd

prenuctai yd`m sundb ldupu` yd`m lh`md`nu`m peth`sa tandc lhlohracd`

ph`mbdsakd` dtdu lhàloukcd` chrumad`. Aà nashodocd` ndra thrbdlodt`yd

phlodydrd` phloadydd` ndra `dsdodb chpdnd od`c dtds pa`gdld` yd`m naphrekhb.

Lhùrut Cdslar (?64?) cudkatds dctavd prenuctai (CDV) dndkdb phrod`na`md`

d`tdrd ph`yasabd` dctavd prenuctai yd`m naoh`tuc nd` ph`yasabd` dctavd prenuctai

nackdsaiacdsacd` yd`m wdgao na oh`tuc ekhb od`c. Vh`yasabd` Vh`mbdpusd` Dctavd

Vrenuctai dndkdb jdnd`md` yd`m bdrus naoh`tuc shohsdr phrsh`tdsh thrth`tu ndra odca

nhoht ohrndsdrcd` ph`mmeke`md` cudkatds dctavd prenuctai. Lh`md`dkasas ta`mcdt

chshbdtd` od`c ulul`yd naiecuscd` pdnd chjucupd` lendk od`c cdrh`d

chldlpud` phrusdbdd` u`tuc lhlodydr butd`myd lhld`m ph`ta`m. @dlu`nhlacad`, lh`md`dkasas cudkatds dctavd prenuctai shjdrd jhrldt tandckdb cdkdb

ph`ta`m`yd. Cudkatds dctavd prenuctai od`c yd`m sd`mdt curd`m odac shjdrd alpkasat

dcd` lh`mbdpus lendk od`c. ]dkdupu` shjdrd raak od`c lhlakaca lendk yd`m jucup

ohsdr. @dlu` dpdoakd cudkatds dctavd prenuctai`yd sd`mdt ouruc th`tu sdgd ce`nasa

lendk`yd lh`gdna ouruc pukd lasdk`yd shphrta phloh`tucd` jdnd`md`, phàkdad`

dssht, phlohrad` pa`gdld` chpdnd pabdc thrcdat, nd` shodmda`yd. Lhùrut Cu`jere L

nd` Zubdrngeè (?66?) cudkatds prenuctai yd`m curd`m odac lh`yhodocd` od`c

lh`nhratd chrumad` cdrh`d tandc lh`ndpdtcd` kdod. Vhàkdad` chshbdtd` od`c nandpdt

chsalpukd` dpdcdb od`c lh`mdkdla phà`mcdtd` dtdu phùru`d` shthkdb phàkdad`

thrshout. Odma od`c yd`m phàkdad` shbdt nd` thrus lhà`mcdt tandc ldsdkdb nd` gustru

bdrus shkdku nata`mcdtcd`. @dlu`, odma yd`m thrus lh`hrus tandc shbdt ldcd bdrus

lh`ndpdt ph`mdrdbd`. Gacd, ldsab ohrchkd`gutd` dcd` nach`dcd` sd`csa shsuda nh`md`

phrdturd` yd`m ohrkdcu.


6/25

_dsae Cudkatds Dctavd Vrenuctai lhrupdcd` rdsae yd`m lh`mucur

chldlpud` cudkatds dctavd prenuctai yd`m nalakaca od`c u`tuc lhùtup dctavd

prenuctai yd`m nackdsaiacdsacd` ohrupd crhnat yd`m naohracd` ekhb od`c. _dsae

aà lh`ma`nacdsacd` odbwd shldca` ohsdr rdsae aà lhù`guccd` shldca`

lhùru` cudkatds dctavd prenuctai (^dswd`, ?646749=).

Vrhnacdt chshbdtd` od`c ndra shma CDV 4 natu`guccd` ndkdl tdohk ohracut7

^dohk Ldtracs Crathrad Vhra`mcdt Celpe`h` CDV(4)

(Zulohr7 ZH OA @e. 9/?:/NV@V tdbu` ?66>)

o. _dsae Vh`yasabd` Vh`mbdpusd` Dctavd Vrenuctai thrbdndp Vh`yasabd`

Vh`mbdpusd` Dctavd Vrenuctai Qd`m ]dgao Naoh`tuc (rdsae VVDV

thrbdndp VVDV]N)

_dsae phlhùbd` VVDV lhrupdcd` rdsae yd`m lh`mucur chpdtubd`

od`c ndkdl lhloh`tuc VVDV u`tuc lhlaàldkcd` rasace dcaodt dnd`yd

dctavd prenuctai yd`m ohrpeth`sa lhàloukcd` chrumad` (^dswd`, ?646749=).

Vrhnacdt chshbdtd` od`c ndra shma CDV(?) natu`guccd` ndkdl tdohk ohracut7

^dohk Ldtracs Crathrad Vhra`mcdt Celpe`h` CDV(?)


CDV 446% 4 Zd`mdt Zhbdt

468% CDV?; 446% ? Zhbdt


CDV4 ?% 4 Zd`mdt Zhbdt

?% ; CDV 4 :% ? Zhbdt

?% ; CDV 4 :% : Jucup Zhbdt

9% ; CDV 4 1% > Curd`m Zhbdt

CDV 4 0 1% 8 ândc Zhbdt


7/25

466% CDV?; 468% : Jucup Zhbdt

18% CDV?; 466% > Curd`m Zhbdt

CDV? ; 18% 8 ândc Zhbdt


_dsae aà namu`dcd` u`tuc lhù`guccd` chldlpud` od`c ndkdl lh`gdmd

cekhctdoakatds dtdu pa`gdld` yd`m nasdkurcd` shldca` odac. Zhldca` ta`mma rdsae aà

lhù`guccd` shldca` odac cudkatds dctavd yd`m nalakaca ekhb od`c. Zhkda` atu,

Zhldca` ta`mma`yd rdsae aà lh`d`ndcd` shldca` ta`mma`yd jdnd`md` yd`m naoh`tuc

ekhb od`c u`tuc lh`md`tasapdsa chrumad`.

:. Ld`dghlh` (Ld`dmhlh`t)

Vhàkdad` thrbdndp idcter ld`dghlh` lhkaputa phàkdad` thrbdndp celpe`h`-

celpe`h` shodmda ohracut7 d. cudkatds ld`dghlh` ulul ph`hrdpd` ld`dghlh`

rasace thrutdld phldbdld` ld`dghlh` dtds rasace Od`c3 o. chpdtubd` Od`c

thrbdndp chth`tud` yd`m ohrkdcu, celatlh` chpdnd Od`c A`ne`hsad ldupu` pabdc

kda``yd,nd` chpdtubd` thrbdndp pra`sap sydradb thrldsuc hnucdsa pdnd ldsydrdcdt,

phkdcsd`dd` iu`msa sesadk. Dsphc ld`dghlh` ndpdt naàkda ndra cudkatds

ldùsad`yd ndkdl ohchrgd.

Ld`dghlh` dtdu ph`mhkekdd` sudtu od`c dcd` lh`h`tucd` shbdt tandc`yd

sudtu od`c. Lh`ma`mdt bdk thrshout, ldcd ph`mhkekdd` sudtu ld`dghlh` shoudb

od`c lh`ndpdtcd` phrbdtad` yd`m ohsdr ndkdl phàkdad` ta`mcdt chshbdtd` sudtu

od`c nabdrdpcd` ndpdt lh`japtdcd` nd` lhlhkabdrd chshbdtd``yd.

Vh`hkatad` Lhrcusawdta (?66=) lh`mmdlodrcd` ta`mcdt chshbdtd` od`c ndradsphc ld`dghlh` nh`md` rdsae@ht Vreiat Ldrma`(@VL), dkdsd``yd cdrh`d

shkurub chmadtd` ld`dghlh` sudtu od`c yd`m lh`jdcup ld`dghlh` ulul,

ld`dghlh` rasace, nd` chpdtubd` od`c pdnd dcbar`yd dcd` lhlph`mdruba nd`

ohrludrd pdnd phrekhbd` kdod.@ht Vreiat Ldrma` nabatu`m nh`md` lhlodma@ht

A`jelhdtdu kdod ohrsab nh`md` Ephrdta`m A`jelhdtdu kdod usdbd.

^dohk Crathrad Vhra`mcdt Celpe`h` @VL



8/25

@VL 466% 4 Zd`mdt Zhbdt

24% @VL; 466% ? Zhbdt

99% @VL; 24% : Jucup Zhbdt

84% @VL; 99% > Curd`m Zhbdt

@VL ; 84% 8 ândc Zhbdt


>. _h`tdoakatds (Hdrà`ms)

Vhàkdad` ph`nhcdtd` cud`tatdtai nd` cudkatdtai idcter preiatdoakatds od`c d`tdrd

kda` nakdcucd` lhkdkua phàkdad` thrbdndp celpe`h`-celpe`h` _htur` e` Dsshts

(_ED), _htur` e` Hquaty (_EH), @ht A`thrhst Ldrma` (@AL) dtdu @ht Ephrdta`m

Ldrma` (@EL), nd` Oadyd Ephrdsae`dk naod`na`mcd` nh`md` Vh`ndpdtd`

Ephrdsae`dk (OEVE).

d. _ED (_htur` ei Dsshts)

_ED namu`dcd` u`tuc lh`mucur chldlpud` ld`dghlh` od`c ndkdl

lhlphrekhb kdod shjdrd chshkurubd` ndra tetdk dctavd yd`m nalakaca

(Nh`ndwagdyd, ?6617442).

Vrhnacdt chshbdtd` od`c ndra shma _ED natu`guccd` ndkdl tdohk ohracut7

^dohk Ldtracs Crathrad Vhra`mcdt Celpe`h` _ED


_ED 0 4.8% 4 Zd`mdt Zhbdt

4,?8% ; _ED 4,8% ? Zhbdt

6,8% ; _ED 4,?8% : Jucup Zhbdt

6% ; _ED 6,8% > Curd`m Zhbdt

_ED 6% 8 ândc Zhbdt



9/25

o. @EL (@ht Ephrdta`m Ldrma`)

Od`c sydradb lh`gdkd`cd` chmadtd` ephrdsae`dk od`c tandc nh`md` sasthl

ou`md, ldcd ndkdl phàkdad` rdsae @AL pdnd od`c sydradb lh`mmu`dcd`

rdsae @ht Ephrdta`m Ldrma` (@EL) yd`m lhrupdcd` ph`ndpdtd` ephrdsa

ohrsab thrbdndp rdtd-rdtd dctavd prenuctai. Zhldca` ta`mma ta`mcdt @EL, ldcd

shldca` ta`mma ta`mcdt kdod yd`m nabdsakcd`.

^dohk Ldtracs Crathrad Vhra`mcdt Celpe`h` @EL


@EL 0 :% 4 Zd`mdt Zhbdt

?% ; @EL :% ? Zhbdt

4,8% ; @EL ?% : Jucup Zhbdt

4% ; @EL 4,8% > Curd`m Zhbdt

@EL 4% 8 ândc Zhbdt


j. OEVE (Ohod` Ephrdsae`dk thrbdndp Vh`ndpdtd` Ephrdsae`dk)

OEVE namu`dcd` u`tuc lh`mucur ta`mcdt hiasah`sa chldlpud` od`c ndkdl

lhkdcucd` chmadtd` ephrdsa`yd (Nh`ndwagdyd, ?66174?6). Zhldca` ta`mmd

rdsae aà lhù`guccd` shldca` tandc hiasah` oadyd ephrdsae`dk od`c.

Vrhnacdt chshbdtd` od`c ndra shma OEVE natu`guccd` ndkdl tdohk ohracut7

^dohk Ldtracs Crathrad Vhra`mcdt Celpe`h` OEVE


OEVE 1>% 4 Zd`mdt Zhbdt

1>% ; OEVE 18% ? Zhbdt

18% ; OEVE 19% : Jucup Zhbdt


10/25

19% ; OEVE 1=% > Curd`m Zhbdt

OEVE 0 1=% 8 ândc Zhbdt


8. Kacuanatds (Kaquanaty)

d. IN_ (Ia`d`ja`m te Nhpesat _dtae)

IN_ dndkdb rdsae d`tdrd gulkdb phloadydd` yd`m naohracd` od`c

nh`md`nd`d pabdc chtamd yd`m nathrald ekhb od`c. IN_ nath`tucd` ekhb

phrod`na`md`d`tdrd gulkdb phloadydd` yd`m naohracd` nh`md` nd`d

ldsydrdcdt yd`m nabalpu` ydatu lh`jdcup mare, salpd`d` ohrgd`mcd

(nhpesate), nd` tdou`md`. IN_ thrshout lh`ydtdcd` shohrdpd gdub

chldlpud` od`c ndkdl lhlodydr chlodka ph`dracd` nd`d yd`m nakdcucd`

nhpesd` nh`md` lh`md`ndkcd` crhnatyd`m naohracd` shodmda sulohr

kacuanatds`yd. Zhldca` ohsdr crhnat ldcd ph`ndpdtd` yd`m naphrekhb `dac,

cdrh`d ph`ndpdtd` `dac shjdrd eteldtas kdod gumddcd` lh`mdkdla ch`dacd`

Ohsdr`yd IN_ Od`c Zydradb yd`m naaga`cd` dndkdb 86%;IN_;4?6%,

drta`yd laàlul IN_ dndkdb 86% nd` ldcsalul IN_ dndkdb 4?6%. IN_lhrupdcd` dkdt tandc kd`msu`m u`tuc lh`h`tucd` dpdcdb kacuanatds phrod`cd`

sydradb thrgdmd dtdu tandc. Gacd IN_ ta`mma ldcd shldca` shnacat kacuanatds

yd`m ohrdnd na phrod`cd` sydradb, `dlu` dpdoakd IN_ lhùru` ldcd

kacuanatds`yd dcd` shldca` od`ydc.

@akda IN_ shkda` naph`mdruba ekhb phloadydd` gumd naph`mdruba ekhb

tetdk nd`d pabdc chtamd. Vhà`mcdtd` phloadydd` nd` phùru`d` IN_

u`tuc lh`daccd` phrekhbd` kdod ndpdt nakdcsd`dcd` shcdkamus nh`md` jdrd

lhà`mcdtcd` ph`mulpukd` nd`d pabdc chtamd lhkhoaba ph`ydkurd`

phloadydd`.

Ldcd, shldca` ta`mma ta`mcdt IN_ lhù`gucd` shldca` ghkhc ce`nasa

kacuanatds od`c, cdrh`d ph`hlpdtd` pdnd crhnat gumd naoadyda ndra nd`d pabdc

ch tamd yd`m shwdctu- wdctu ndpdt natdrac. X`tuc atu IN_ yd`m ohsdr`yd

nadtds 4?6% dcd` sd`mdt ohrodbdyd odma ce`nasa kacuanatds od`c yd`m lhkhoaba

nd`d yd`m nabalpu` ndra Ldsydrdcdt.


11/25

_dsae yd`m ta`mma lhù`guccd` odbwd sudtu od`c lhla`gdlcd`

shkurub nd`d`yd ked`-updtdu rhkdtai tandc kacuan (akkaquan). Zhodkac`yd rdsae

yd`m rh`ndb lhù`guccd` od`c yd`m kacuan nh`md` chkhoabd` cdpdsatds nd`d

yd`m sadp u`tuc napa`gdlcd` (Kdtuldhrassd,41117?:). IN_ lh`mmdlodrcd`

shohrdpd gdub chldlpud` od`c ndkdl lhlodydr chlodka ph`dracd` nd`d

yd`m nakdcucd` nhpesd` nh`md` lh`md`ndkcd` crhnat yd`m naohracd` shodmda

sulohr kacuanatds`yd. Zhldca` ta`mma rdsae IN_ lhlohracd` a`nacdsa shldca`

rh`ndb`yd chldlpud` kacuanatds od`c yd`m ohrsd`mcutd`. Vrhnacdt chshbdtd`

od`c ndra shma IN_ natu`guccd` ndkdl tdohk ohracut7

^dohk Ldtracs Crathrad Vhra`mcdt Celpe`h` IN_


86% ; IN_ =8% 4 Zd`mdt Zhbdt

=8% ; IN_ 28% ? Zhbdt

28% ; IN_

466%

: Jucup Zhbdt

466% ; IN_

4?6%

> Curd`m Zhbdt

IN_ 0 4?6% 8 ândc Zhbdt

(Zulohr7 VOA @e. 1/4/VOA/?66=)

9. Zh`satavatds thrbdndp rhsace pdsdr (Zh`satavaty te Ldrcht _asc)

Zh`satavatds thrbdndp rhsace pdsdr namu`dcd` u`tuc lh`mucur chldlpud`

lendk od`c u`tuc lhka`nu`ma rasace yd`m lu`juk dcaodt ndra phruodbd` àkda tucdr.

_dsae yd`m namu`dcd` u`tuc lh`mucur rdsae sh`satavatds thrbdndp rhsace pdsdr dndkdb

Ldrcht _asc. Qd`m naàkda ndra dsphc rasace pdsdr dndkdb7


12/25

d. Chldlpud` lendk Od`c dtdu XXZ lh`mcevhr peth`sa chrumad` shodmda dcaodt

ikuctudsa (dnvhrsh levhlh`t) àkda tucdr3

o. Chjucupd` ph`hrdpd` ld`dghlh` rasace pdsdr.

Vhàkdad` sh`satavatds dtds rasace pdsdr nakdcucd` nh`md` lhàkda ohsdr`yd

chkhoabd` lendk yd`m namu`dcd` u`tuc lhùtup rasace od`c naod`na`mcd` nh`md`

ohsdr`yd rasace chrumad` yd`m talouk ndra ph`mdrub phruodbd` rasace pdsdr. Zhldca`

ta`mma ta`mcdt L_ ldcd, rasace shldca` rh`ndb, nd` ph`hrdpd` ld`dghlh` rasace

pdsdr hihctai nd` hiasah`.

Vrhnacdt chshbdtd` od`c ndra shma _hsace Vdsdr/Ldrcht _asc(L_) natu`guccd` ndkdl

tdohk ohracut7

^dohk Ldtracs Crathrad Vhra`mcdt Celpe`h` L_

(Zulohr7 VOA @e. 1/4/VOA/?66=)

Vreshs phàkdad` phra`mcdt ca`hrgd chud`md` nakdcsd`dcd` nh`md` phloeoetd`

dtds àkda phra`mcdt idcter phrlendkd`, cudkatds dsht, ld`dghlh`, rh`tdoakatds,

kacuanatds, nd` sh`satavatds thrbdndp rasace pdsdr.


L_ 4?% 4 Zd`mdt Zhbdt

46% ; L_ 4?% ? Zhbdt

2% ; L_ 46% : Jucup Zhbdt

9% ; L_ 2% > Curd`m Zhbdt

L_ 9% 8 ândc Zhbdt


13/25

^dohk Oeoet Vh`akdad` Ca`hrgd Chud`md`

_dsae Oeoet

Vhra`mcdt Vhrlendkd` ?8%

Vhra`mcdt Cudkatds Dctavd Vrenuctai ?8%

Vhra`mcdt Ld`dghlh` ?6%

Vhra`mcdt _h`tdoakatds 46%

Vhra`mcdt Kacuanatds 46%

Vhra`mcdt Zh`satavatds thrbdndp _hsace Vdsdr 46%

(Zulohr7 Kdlpard` Zurdt Hndrd` @e.9/?:/NV@V ?66>)

^a`mcdt chshbdtd` od`c ulul ohrndsdrcd` pra`sap sydradb7

4 Vhra`mcdt 4 7 scer 0 >8%

? Vhra`mcdt ? 7 :8% scer >8%

: Vhra`mcdt : 7 ?8% scer :8%

> Vhra`mcdt > 7 48% Zcer ?8%

8 Vhra`mcdt 8 7 46% scer 48%


14/25

D`dkasas _dsae Chud`md` OJD Zydradb (phraenh ?646 sn. ?64>)

4. Vhrlendkd` (Jdpatdkaty)

@e

Idcter

JDLHKZ


?646 ?644 ?64? ?64: ?64>

4 JD_ =9.>% >8.1% :4.8% ??.>% ?1.9%

Vrhnacdt

Zd`mdt

Zhbdt

Zd`mdt

Zhbdt

Zd`mdt

Zhbdt

Zd`mdt

Zhbdt

Zd`mdt

Zhbdt

Vdnd tdbu` phraenh ?646 ba`mmd ?64>, JD_ (Jdsb Dnhqudjy _dtae) thrta`mma

OJD Zydradb dndkdb shohsdr =9,>% ydatu pdnd tdbu` ?646. Zhnd`md` JD_

thrh`ndb`yd dndkdb pdnd tdmu` ?64: shohsdr ??,>%. Vdnd tdbu` ?646, rdsae JD_

yd`m naphrekhb OJD Zydradb thrmeke`m ta`mma ydcà lh`jdpda =9,>%. Chlunad` pdnd

tdbu` ?644, JD_ turu` lh`gdna >8,1%. Kdku turu` chlodka pdnd tdbu` ?64? shohsdr

:4,8%. Chlunad` phùru`d` nakd`gutcd` chlodka ba`mmd ??,>% pdnd tdbu` ?64:.

Gdna, shkdld tamd tdbu` shgdc tdbu` ?644 ba`mmd ?64:, JD_ OJD Zydradb lh`mdkdla

phùru`d` thrus lh`hrus. Nh`md` phùru`d` JD_ aà lhù`guccd` dnd`yd

phùru`d` gulkdb lendk nd` phùru`d` dctavd thrtalod`m lhùrut rhsace (D^L_)

6

46

?6

:6

>6

86

96

=6

26

16

?646 ?644 ?64? ?64: ?64>

JD_ (phrsh`)

JD_


15/25

pdnd OJD Zydradb. Chlunad` pdnd tdbu` ?64>, JD_ `dac lh`gdna ?1.9% pdnd tdbu`

?64>. Nh`md` nhlacad`, ndpdt nachtdbua odbwd rdtd-rdtd JD_ OJD Zydradb dndkdb

shohsdr >4,9% nd` thrmeke`m phra`mcdt 4 ndkdl chdndd` sd`mdt shbdt ohrndsdrcd`

phrdturd` OA. Zhkdld phranenh kald tdbu` thrdcbar thrshout lh`jhrla`cd` odbwd

ta`mcdt lendk shjdrd samàiacd` ohrdnd khoab ta`mma ndra chth`tud` JD_ yd`m ohrkdcu

nd` naphrcardcd` thtdp ohrdnd nata`mcdt aà u`tuc ohohrdpd tdbu` lh`ndtd`m.

?. Dssht (Dctavd Vrenuctai)

d. CDV 4 (DVQN/DV)

@e

Idcter

JDLHKZ


?646 ?644 ?64? ?64: ?64>

?

CDV 4

(DVN/DV) 6,14% 6,9=% 6,=9% 6,12% 6,=:%

VrhnacdtZd`mdt

Zhbdt

Zd`mdt

Zhbdt

Zd`mdt

Zhbdt

Zd`mdt

Zhbdt

Zd`mdt

Zhbdt

Bdsak phàkdad` thrbdndp cudkatds dctavd prenuctai (DVN/DV), OJD Zydradb

shkdld kald tdbu` thrdcbar ndra tdbu` ?646 ba`mmd tdbu` ?64> lhlohracd` rdtd-rdtd

shohsdr 6,24% nd` lh`nunuca phra`mcdt 4 ldsuc ndkdl prhnacdt sd`mdt shbdt ydcà

6.2

6.2?

6.2>

6.29

6.22

6.1

6.1?

6.1>

6.19

6.12

4

?646 ?644 ?64? ?64: ?64>

CDV 4 (phrsh`)

CDV (4)


16/25

ta`mcdt rasace yd`m nalakaca naodwdb ?%. Nh`md` aà lhù`guccd` odbwd od`ydc`yd

gulkdb `dsdodb yd`m phloadydd`yd thrmeke`m kd`jdr ndrapdnd è` kd`jdr nd` gulkdb

dctavd prenuctai`yd gumd thrmeke`m ta`mma.

Ohrndsdrcd` ndtd thrshout lhù`guccd` odbwd àkda thrta`mma ohrdnd pdnd

tdbu` ?64: shohsdr 6,12%, shnd`mcd` àkda thrh`ndb thrndpdt pdnd tdbu` ?644 shohsdr

6,9=%. Zhjdrd chshkurubd` ndkdl phraenh thrshout CDV 4 lh`mdkdla ikuctudtai. Vdnd

tdbu` ?646 àkda CDV 4 shohsdr 6,14%. Chlunad` lh`mdkdla phùru`d` lh`gdna

6,9=%. Vdnd tdbu` ?64? lh`mdkdla ch`dacd` lh`gdna 6,=9%. Kdku, lh`dac chlodka

lh`gdna 6,12%. Nd` pdnd phraenh thrdcbar ?64>, lh`mdkdla phùru`d` shohsdr

6,?8% lh`gdna 6,=:%.

Ldcd, ohrndsdrcd` bdsak rdtd-rdtd ndra phraenh ?646 ba`mmd ?64>, ndpdt

nasalpukcd` odbwd choagdcd` nd` preshnur phlohrad` phloadydd` nd` ph`mhkekdd`

rhsace ndra phloadydd` thkdb nakdcsd`dcd` nh`md` odac nd` shsuda nh`md` scdkd usdbd

od`c, shrtd lh`nucu`m chmadtd` ephrdsae`dk yd`m dld` nd` shbdt nd`

naneculh`tdsacd` nd` nadnlaàstrdsacd`.

o. CDV ? (VVDV)

@e

Idcter

JDLHKZ


?646 ?644 ?64? ?64: ?64>

6

86

466

486

?66

?86

?646 ?644 ?64? ?64: ?64>

CDV ? (VVDV) (phrsh`)

CDV (4)


17/25

?

CDV ?

(VVDN/VV]N)?48,49% 4?=,??% 46=,8?% 441,24% 469,2>%

VrhnacdtZd`mdt

Zhbdt

Zd`mdt

Zhbdt Zhbdt

Zd`mdt

Zhbdt

Zd`mdt

Zhbdt

Bdsak phrbatu`md` rdsae Vh`yasabd` Vh`mbdpusd` Dctavd Vrenuctai (VVDV)

shkdld kald tdbu` ydatu pdnd tdbu` ?646 sdlpda nh`md` tdbu` ?64> OJD Zydradb

lhlphrekhb rdsae Vh`yasabd` Vh`mbdpusd` Dctavd Vrenuctai (VVDV) yd`m jh`nhru`m

lhùru`. ]dkdupu` lh`mdkdla chjh`nhru`md` phùru`d` shtadp tdbu``yd,

Vh`yasabd` Vh`mbdpusd` Dctavd Vrenuctai (VVDV) ldsab lhlhùba yd`m nathtdpcd`

ekhb Od`c A`ne`hsad ydatu laàldk 24,6 % ldcd rdsae Vh`yasabd` Vh`mbdpusd`

Dctavd Vrenuctai (VVDV) yd`m najdpda Od`c Zydradb Lhmd A`ne`hsad nacdthmeracd`

ndkdl phra`mcdt 4 nh`md` prhnacdt sd`mdt shbdt.

Ndtd ndra nadtds, CDV? (VVDV) thrta`mma dndkdb pdnd tdbu` ?646 shohsdr

419,=4%, Zhnd`mcd` thrh`ndb`yd pdnd tdbu` ?64> ydcà shohsdr 469,2>%. Bdsak

phrbatu`md` rdtd-rdtd CDV? (VVDV) shohsdr 4:8,:4%. Ldcd, ohrndsdrcd` dturd` OA

ldsab ndkdl prhnacdt sd`mdt shbdt nadtds 446%. Drta`yd ph`yasabd` ph`mbdpusd`

dctavd prenuctai yd`m naoh`tuc ekhb Od`c shjdrd rdtd-rdtd khoab ohsdr ndra yd`m wdgao

naoh`tuc ekhb OJD Zydradb.

Vdnd tdbu` ?646 ba`mmd ?64?, CDV ? lh`mdkdla phùru`d` shjdrd samàiacd`.

Chtacd tdbu` ?646 rdsae CDV ? thrmeke`m sd`mdt ta`mma shohsdr ?48,49%. Chlunad`

pdnd tdbu` ?644, turu` shohsdr 2=,1>% lh`gdna 4?=,??%. Na tdbu` ?64? lh`mdkdla

phùru`d` chlodka shohsdr 41,=% lh`gdna 46=,8?%. Chlunad` pdnd tdbu` ?64: `dac

shohsdr 4?.?9% lh`gdna 441.=2%. Kdku, pdnd tdbu` ?64> chlodka lh`mdkdla

phùru`d` shohsdr 4?,1>%. Nh`md` chjh`nhru`md` lhùru`yd VVDV ohrdrta od`c

ndpdt nacdtdcd` curd`m ohrbdsak ndkdl lh`jdpda jdnd`md` yd`m bdrus naoh`tuc

shohsdr phrsh`tdsh thrth`tu ndra èla`dk ohrndsdrcd` ph`mmeke`md` cudkatds dctavd

prenuctai yd`m thkdb throh`tuc. @dlu`, ohrndsdrcd` phrdturd` ndra OA, bdsak ndra CDV

? (VVDV) OJD Zydradb ldsab ndkdl prhnacdt sd`mdt shbdt. Dpdoakd VVDV shldca`

`dac, ldcd shldca` odac yd`m ohrdrta od`c thkdb lhkdcucd` nh`md` oh`dr ndkdl

lh`md`tasapdsa ph`mbdpusd` crhnat ldjht. Gdna, d`tasapdsa chrumad` yd`m naoh`tuc

od`c dtds chlu`mca`d` tandc thrtdmab`yd dctavd prenuctai lhùru` shjdrd samàiacd`.


18/25

:. _h`tdoakatds (hdrà`ms)

d. _ED (_htur` ei Dsshts)

@e

Idcter

JDLHKZ


?646 ?644 ?64? ?64: ?64>

> _ED6,=2% 6,16% 6,2>% 4,64% 6,=9%

VrhnacdtJucup

Zhbdt

Jucup

Zrbdt

Jucup

Zhbdt

Jucup

Zhbdt

Jucup

Zhbdt

Bdsak phrbatu`md` rdsae _htur` E` Dsshts (_ED) shkdld kald tdbu` ydatu pdnd

tdbu` ?646 sdlpda nh`md` tdbu` ?64> OJD Zydradb lhlphrekhb _dsae _ED (_htur`

E` Dsshts) yd`m `dac turu`. _dsae _htur` E` Dsshts (_ED) pdnd tdbu` ?646 ba`mmd

?64> lhlhùba crathrad phàkdad` ta`mcdt chshbdtd` od`c ohrndsdrcd` dsphc

rh`tdoakatds yd`m nathtdpcd` ekhb pabdc Od`c A`ne`hsad laàldk shohsdr 4,8 % ydatu

sd`mdt shbdt, ldcd _dsae _htur` E` Dsshts (_ED) yd`m najdpda OJD Zydradb pdnd

tdbu` ?646 nd` ?64> nacdthmeracd` ndkdl phra`mcdt : nh`md` prhnacdt Jucup Zhbdt.

_dtd-rdtd _ED shgdc kald tdbu` thrdcbar lhù`guccd` shohsdr 6,29%. Nh`md`

rdsae _ED throhsdr pdnd tdbu` ?64: shohsdr 4,64%, shnd`md` rdsae thrh`ndb`yd

6

6.?

6.>

6.9

6.2

4

4.?

?646 ?644 ?64? ?64: ?64>

_ED (phrsh`)

_ED


19/25

dndkdb pdnd tdbu` ?64> shohsdr 6,=9%. Vdnd tdbu` ?646, _ED shohsdr 6,=2%.

Chlunad` pdnd tdbu` ?644 turu` lh`gdna 6,16%. Kdku, pdnd tdbu` ?64? turu`

chlodka lh`gdna 6,2>%. @dlu`, pdnd tdbu` ?64: `dac shohsdr 6,4=% lh`gdna

4,64%. Chlunad`, lh`mdkdla phùru`d` chlodka shohsdr 6,?8% lh`gdna 6,=9.

â`mcdt _ED yd`m jh`nhru`m rh`ndb nd` curd`m lhludscd` aà nacdrh`dcd`

od`c ohkul ldlpu u`tuc lh`mbdsakcd` chu`tu`md` shjdrd rhkdtai yd`m naod`na`mcd`

nh`md` àkda tetdk dsht`yd. ]dkdupu` _ED aà na`ydtdcd` jucup shbdt dcd` thtdpa

Od`c A`ne`hsad oadsd`yd tandc lhlohrkdcucd` chth`tud` yd`m chtdt, shpd`gd`m od`c

thrshout tandc lh`mdkdla chrumad` dtdu tandc dnd td`nd-td`nd dtdu chjh`nhru`md`

u`tuc lh`mdkdla chrumad` na ldsd yd`m dcd` ndtd`m, ldcd odma od`c sh`trdk bdk

thrshout jucup napdbdla.

o. @EL (@ht Ephrdta`m Ldrma`)

6

6.?

6.>

6.9

6.2

4

4.?

?646 ?644 ?64? ?64: ?64>

@EL (phrsh`)

@EL


20/25

@e

Idcter

JDLHKZ


?646 ?644 ?64? ?64: ?64>

: @EL6,24% 6,1?% 6,21% 4,6>% 6,=2%

Vrhnacdtândc

Zhbdt

ândc

Zhbdt

ândc

Zhbdt

Curd`m

Zhbdt

ândc

Zhbdt

Bdsak phàkdad` ohrndsdrcd` ndtd rhsla ndra OJD Zydradb thrbdndp @ht

Ephrdta`m Ldrma` (@EL) shkdld kald tdbu` lhlphrekhb bdsak rdtd-rdtd shohsdr

6,21% shba`mmd ldsuc ndkdl phra`mcdt 8 yd`m ld`d shjdrd mdras ohsdr

lh`jhrla`cd` chldlpud` ld`dghlh` yd`m ohkul lhldnda u`tuc lh`ndtd`mcd`

kdod nd` lh`hcd` oadyd-oadyd. â`mcdt @EL ym ldsab rh`ndb aà nacdrh`dcd` OJD

Zydradb odru nanaracd` nd` ohrephrdsa na A`ne`hsad pdnd phrth`mdbd` tdbu` ?661.

Ekhb cdrh`d atu, gulkdb ph`ndpdtd` ephrdsae`dk ohrsab naod`na`mcd` nh`md` gulkdb

dctavd prenuctai`yd rdtd-rdtd ldsab naodwdb 4%. Zhkda` atu, gacd nabuou`mcd` idcter

kda` ydatu pdnd OEVE yd`m gumd lhlakaca ta`mcdtd` yd`m ta`mma pdnd dwdk ?646.

@dlu`, pdnd tdbu` ?64:, àkda @EL lukda lhldsuca prhnacdt > ydatu curd`m shbdt.

Bdk thrshout lh`d`ndcd` odbwd OJD Zydradb lukda ndpdt lh`ndtd`mcd` kdod yd`m

ohsdr pdnd ph`ndpdtd` ephrdsae`dk`yd.

Ohrndsdrcd` ndtd nadtds lhù`guccd` odbwd àkda @EL pdnd tdbu` ?646

ba`mmd tdbu` ?64: lh`mdkdla ikuctudtai. Vdnd tdbu` ?64? nd` ?64> àkda @EL turu`

ohohrdpd phrsh`. @akda @EL thrta`mma najdpda pdnd tdbu` ?64: shohsdr 4,6>%,

shnd`mcd` àkda thrh`ndb`yd shohsdr 6,24% pdnd tdbu` ?646. Vdnd tdbu` ?646, @EL

OJD Zydradb lh`jdpda 6,24%. Chlunad`, pdnd tdbu` ?644 `dac lh`gdna 6,1?%.

Vdnd tdbu` ?64?, @EL turu` lh`gdna 6,21%. Vdnd tdbu` ?64: `dac jucup ta`mma

shohsdr 6,48% lh`gdna 4,6>%. Nd` pdnd tdbu` ?64> turu` ndra 4,6>% lh`gdna

6,=2%. Ndra d`dkasas ndtd thrshout, naphrcardcd` ndkdl tdbu` chnhpd`, àkda @EL

OJD Zydradb dcd` thrus lh`dac shara`m nh`md` lh`dac`yd ph`ndpdtd` ephrdsae`dk

ndkdl lh`hcd` ohod` ephrdsae`dk.


21/25

j. OEVE (Ohod` Ephrdsae`dk thrbdndp Vh`ndpdtd` Ephrdsae`dk)

@e

Idcter

JDLHKZ


?646 ?644 ?64? ?64: ?64>

OEVE 14.>9% 14.=?% 16.2=% 22.44% 29.14%

VrhnacdtZd`mdt

Zhbdt

Zd`mdt

Zhbdt

Zd`mdt

Zhbdt

Zd`mdt

Zhbdt

Zd`mdt

Zhbdt

Bdsak phrbatu`md` rdsae oadyd ephrdsae`dk nh`md` ph`ndpdtd` ephrdsae`dk

(OEVE) shkdld kald tdbu` ydatu pdnd tdbu` ?646 sdlpda nh`md` tdbu` ?64> Od`c

Lhmd Zydradb A`ne`hsad lhlphrekhb _dsae oadyd ephrdsae`dk nh`md` ph`ndpdtd`

ephrdsae`dk (OEVE) yd`m `dac turu`. _dsae Oadyd Ephrdsae`dk nh`md` Vh`ndpdtd`

Ephrdsae`dk (OEVE) pdnd tdbu` ?646 nd` ?64> thkdb lhlhùba crathrad phàkdad`

ta`mcdtd` chshbdtd` od`c yd`m nathtdpcd` ekhb Od`c A`ne`hsad curd`m ndra 1>% ldcd

rdsae yd`m najdpda OJD Zydradb nacdthmeracd` ndkdl chkelpec sd`mdt shbdt, Ldcd

ndpdt nacdtdcd` odbwd OJD Zydradb lhlhùba crathrad phàkdad` ta`mcdtd` chshbdtd`

od`c yd`m nathtdpcd` ekhb Od`c A`ne`hsad nd` ohrbdsak lhlphrtdbd`cd` OEVE pdnd

tdbu` ?646 ba`mmd ?64>. Bdk aà nacdrh`dcd`, shldca` ohsdr oadyd ldcd yd`m

nachkudrcd`, ldcd shldca` chjak phrekhbd` kdod ephrdsae`dk yd`m nadndpdtcd` ekhb

Od`c. Nacdrh`dcd` OJD Zydradb lhrupdcd` Od`c Zydradb yd`m thrmeke`m odru

naephrdsacd` pdnd phrth`mdbd` tdbu` ?661 shba`mmd oadyd ephrdsae`dk naoutubcd`

2>

28

29

2=

22

21

16

14

1?

1:

?646 ?644 ?64? ?64: ?64>

OEVE (phrsh`)

OEVE


22/25

ndkdl gulkdb yd`m ohsdr u`tuc lh`mhlod`mcd` nd` lhù`gd`m chkd`msu`md`

chshbdtd` od`c.

Bdsak phàkdad` rdsae OEVE OJD Zydradb yd`m thrta`mma dndkdb 14,=?% ydatu

pdnd tdbu` ?644, shnd`mcd` OEVE thrh`ndb`yd pdnd tdbu` ?64> ydcà shohsdr

29,14%. Vdnd tdbu` ?646 OEVE shohsdr 14,>9%. Chlunad` `dac shohsdr 6,?9%

lh`gdna 14,=?%. Chlunad` na tdbu` ?64? turu` shohsdr 6,48% lh`gdna 16,2=%.

Kdku, pdnd tdbu` ?64: turu` lh`gdna ?64:. Chlunad`, pdnd tdbu` ?64> lh`jdpda

tatac thrh`ndb`yd shkdld phraenh ?646 ba`mmd ?64> ydcà lh`gdna 29,14%.

>. Kacuanatds (Kaquanaty)

IN_ (Ia`d`ja`m te Nhpesat _dtae)

@e

Idcter

JDLHKZ


?646 ?644 ?64? ?64: ?64>

8 IN_ ==.16% =2.26% =1.16% 2:.>2% 14.4=%

Vrhnacdt Zhbdt Zhbdt Zhbdt Zhbdt

Jucup

Zhbdt

=6

=8

26

28

16

18

?646 ?644 ?64? ?64: ?64>

IN_ (phrsh`)

IN_


23/25

Ohrndsdrcd` ndtd thrshout, àkda thrta`mma Ia`d`ja`m te Nhpesat _dtae (IN_) OJD

Zydradb pdnd tdbu` ?64> ydatu 14,4=%, shnd`mcd` àkda thrh`ndb`yd shohsdr ==,16%

pdnd tdbu` ?646. _dtd-rdtd ohrndsdrcd` ndtd thrshout shohsdr 2?,?8%. Ldcd,

ohrndsdrcd` bdsak thrshout, shjdrd chshkurubd` shkdld phraenh ?646 ba`mmd ?64>,

IN_ OJD Zydradb ldsuc ndkdl phra`mcdt ? nh`md` prhnacdt shbdt lhùrut phrdturd`

OA. Drta`yd, chldlpud` kacuanatds od`c u`tuc lh`md`tasapdsa choutubd` kacuanatds

nd` ph`hrdpd` ld`dghlh` rasace kacuanatds sundb cudt.

Bdsak phrbatu`md` rdsae Ia`d`ja`m te Nhpesat _dtae(IN_) shkdld kald tdbu`

ydatu pdnd tdbu` ?646 sdlpda nh`md` tdbu` ?64> OJD Zydradb lhlphrekhb rdsae

yd`m ikuctudtai. _dsae Ia`d`ja`m te Nhpesat _dtae (IN_) pdnd tdbu` ?646 sdlpda

nh`md` tdbu` ?64> khoab ohsdr ndra crathrad phàkdad` ta`mcdt chshbdtd` Od`c

ohrndsdrcd` dsphc kacuanatds yd`m nathtdpcd` ekhb Od`c A`ne`hsad ohcasdr d`tdrd 86 -

=8 % ndkdl prhnacdt sd`mdt shbdt. Ldcd, _dsae IN_ yd`m najdpda OJD Zydradb pdnd

tdbu` ?646 ba`mmd ?64: nacdthmeracd` ndkdl chkelpec shbdt. Chlunad` pdnd tdbu`

?64> IN_ lhlakaca prhnacdt yd`m jucup shbdt ydatu 14,4=%. Bdk aà nacdrh`dcd`

OJD Zydradb shldca` od`ydc lhlohracd` phloadydd` (ia`d`ja`m), shnd`mcd` nd`d

pabdc ch : yd`m naphrekhb khoab chjak. Zhlemd u`tuc chnhpd``yd od`c bdrus

lhlphrbdtacd` ndkdl lhlohracd pa`gdld`. Lhscapu` na`ydtdcd` shbdt nd` jucupshbdt, thtdpa Od`c A`ne`hsad oadsd`yd tandc lhlohrkdcucd` chth`tud` yd`m chtdt,

shpd`gd`m od`c thrshout tandc lh`mdkdla chrumad` dtdu tandc dnd td`ndtd`nd dtdu

chjh`nhru`md` u`tuc lh`mdkdla chrumad` na ldsd yd`m dcd` ndtd`m, ldcd odma od`c

sh`trdk bdk thrshout jucup napdbdla.


24/25

8. Zh`satavaty te Ldrcht _asc (Zh`savatds thrbdndp _hsace Vdsdr)

@e

Idcter

JDLHKZ


?646 ?644 ?64? ?64: ?64>

9

Jdnd`md`

Lendk/Zh`savaty

te Ldrcht _asc

(Z te L_)

9,=2% 9,1:% 9,==% 1,96% 8,?6%

Vrhnacdt

Curd`m

Zhbdt

Curd`m

Zhbdt

Curd`m

Zhbdt

Jucup

Zhbdt

^andc

Zhbdt

Bdsak ph`akdad` OJD Zydradb thrbdndp d`dkasas rdsae sh`satavatds dtds rhsace

Vdsdr shkdld kald tdbu` naphrekhb rdtd-rdtd shohsdr =,69% shba`mmd ldsuc ndkdl

phra`mcdt > nh`md` prhnacdt curd`m shbdt. Bdk thrshout lh`jhrla`cd` rasace lenhrdt

dtdu rhkdtai ta`mma nd` ph`hrdpd` ld`dghlh` rasace pdsdr hihctai nd` ce`sasth`.

6

?

>

9

2

46

4?

?646 ?644 ?64? ?64: ?64>

Z te L_ (phrsh`)

Z te L_


25/25

Zhjdrd mrdiac ndpdt nakabdt odbwd Z te L_ OJD Zydradb ndra tdbu` ?646

ba`mmd tdbu` ?64> lh`mdkdla `dac turu`. Ohrndsdrcd` ndtd rhsla ndra OJD sydradb,

àkda thrta`mma sh`satavatds thrbdndp rhsace pdsdr shohsdr 1,96% pdnd tdbu` ?64:,

shnd`mcd` àkda thrh`ndb`yd dndkdb 8,?6% pdnd tdbu` ?64>. Vdnd tdbu` ?646 ndpdt

nachtdbua rdsae`yd shohsdr 9,=2%. Chlunad` pdnd tdbu` ?644 rdsae Z te L_ `dac

shohsdr 6,48% lh`gdna 9,1:%. Chlunad` pdnd tdbu` ?64? lh`mdkdla phùru`d`

shohsdr 6,49%. Vdnd tdbu` ?64: thrgdna ch`dacd` jucup ohsdr lh`gdna 1,96%.

Chlunad` pdnd tdbu` ?64> rdsae Z te L_ turu` chlodka shohsdr >,>% lh`gdna

8,?6%. Zhjdrd chshkurubd` ohrndsdrcd` phrdturd` ndra OA ldsab lhù`guccd`

phra`mcdt yd`m ohkul lhludscd`. chldlpud` lendk od`c u`tuc lhka`nu`ma rasace

yd`m lu`juk dcaodt ndra phruodbd` àkda tucdr ldsab thrmeke`m rh`ndb. Bdk thrshout

ndpdt najevhr nh`md` dnd`yd su`tacd` lendk yd`m nashter nd` lhà`mcdtcd`

ph`ndpdtd` supdyd jdnd`md` lendk ndkdl lh`mbdndpa rasace pdsdr ndpdt

nata`mcdtcd`.

rasio kesehatan keuangan bca syariah

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