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