The Land Bank of the Philippines (Landbank) asserts its financial strength despite contributing significantly to the Maharlika Investment Corporation (MIC). Landbank maintains its Capital Adequacy Ratio (CAR) well above the required 10% benchmark set by the Bangko Sentral ng Pilipinas (BSP). The bank states that its CAR stood at 16.42% as of November 2024, highlighting its ability to cover loan requests and withstand financial pressures. Landbank emphasizes that its regulatory relief, which temporarily exempts it from minimum capital requirements, is a proactive measure to ensure resilience.
This is AI generated summarization, which may have errors. For context, always refer to the full article.The Land Bank of the Philippines says it only sought regulatory relief as a 'proactive measure to maintain resilience'
“The state-run bank has consistently met and exceeded the minimum requirements of the Bangko Sentral ng Pilipinas for Capital Adequacy Ratio — a critical benchmark of financial health — as it stays financially robust with no urgent need for additional capital,” Landbank said in a statement on Friday, December 27.to the Maharlika fund’s start-up capital.
Landbank also said it only sought regulatory relief as a “proactive measure to maintain resilience.” The bank said that even after sending P50 billion to Maharlika in September 2023, it maintained a 16.20% CAR — “comfortably above regulatory requirements and reflecting the bank’s commitment to financial stability.”Landbank, DBP stop merger plan, seek more capital and possible IPO instead
FINANCE BANKING PHILIPPINE ECONOMY REGULATORY RELIEF Maharlika Investment Corporation
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