This study aims to examine differences in the performance of banks listed on the Indonesia Stock Exchange before the COVID-19 pandemic in 2019 and during the COVID-19 pandemic in 2020. The type of data collected is quantitative data. The data source used is secondary data derived from data on financial statements of banking companies listed on the Indonesia Stock Exchange for the period 2019-2020. The analytical technique used is a different test, paired sample t test with a significance level of 5%. The results showed that the government policy POJK 11/POJK.03/2020 regarding credit restructuring which was later extended by POJK 48/POJK.03/2020 and POJK 12/POJK.03/2020 greatly affected the stability of bank performance.

This study aims to present empirical evidence related to the variability of the performance of Islamic banks and the interest of Islamic banks in responding to sustainable finance policies at the beginning (2020) and during the pandemic (2021). This study uses secondary data derived from financial reports, annual reports, sustainability reports, and Corporate Social Responsibility (SCR) reports of Islamic banking companies listed on the Indonesian Stock Exchange for 2020 – 2021. The data were analyzed by descriptive quantitative methods, which consisted of 2 stages, namely: analysis of performance variability and content analysis. The results of this study indicate that a low ROA calculation result, even a negative value, does not necessarily reflect poor performance because earnings management policies influence it. The results of the analysis of sustainable financial performance show that Islamic Commercial Banks have a high commitment to implementing sustainable finance. This research is expected to provide the implication that sharia principles in implementing bank business can make the financial performance of Islamic banks last during the pandemic. In addition, these principles align with the principles of sustainable finance, making it easier for banks to adopt them. The results of the assessment can be used as an evaluation for policymakers or the bank itself to achieve the best performance in carrying out sustainable finance practices and for interested parties to participate in supporting sustainable finance practices.

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