State-run Land Bank of the Philippines reaffirmed its financial strength and stability following its P50-billion contribution to the Maharlika Investment Fund (MIF).
The bank said it remains fully committed to its mandate as a reliable partner in advancing the national government’s inclusive development agenda.
It said that as a state-run institution, it has consistently met and exceeded the minimum capital adequacy ratio (CAR) requirements set by the Bangko Sentral ng Pilipinas (BSP), a key indicator of financial health.
LandBank said its CAR performance reflected its continued financial robustness, with no immediate need for additional capital.
LandBank earlier remitted P32.119 billion in cash dividends to the national government, marking the highest payout in its history and the largest among all government-owned and controlled corporations (GOCCs).
It said this underscored the bank’s sustained financial strength and its capacity to generate consistent revenue while fulfilling its developmental mandate.
LandBank said that as of Nov. 30, 2024, its CAR stood at a healthy 16.42 percent, above the 10-percent regulatory threshold.
Following the P50-billion seed capital allocation to the MIF in September 2023, LandBank’s CAR remained strong at 16.20 percent, continuing to exceed regulatory requirements and affirming its commitment to financial stability.
The bank said it also sought regulatory relief from the BSP as a proactive measure to ensure continued resilience.
