Landbank affirms stability after PHP50B MIF transfer

Land Bank of the Philippines (Landbank) affirmed its financial stability despite transferring PHP50 billion to the Maharlika Investment Fund (MIF).

The bank's Capital Adequacy Ratio (CAR) as of end-November 2024 is at 16.24 percent, remaining comfortably above the Bangko Sentral ng Pilipinas' (BSP) 10 percent regulatory threshold.

This CAR level was also 16.2 percent in September 2023, following the PHP50 billion seed capital allocation to the MIF.

Landbank clarified that seeking regulatory relief from the BSP is a proactive measure to maintain the bank's resilience.

The bank highlighted its adherence to prudent financial management practices, focusing on supporting key sectors like agriculture and fisheries.

Additionally, Landbank has contributed a record-high PHP32.12 billion in cash dividends to the national government, the highest among government-owned and controlled corporations.