DESPITE its capital investment in the Maharlika Investment Corporation , the Land Bank of the Philippines gave assurances that its capital adequacy ratio remains at a “healthy level” and was above the regulatory threshold.The state-run bank stressed that despite the publication of the International Monetary Fund observations, it remains “financially robust with no urgent need for additional capital.
LBP said that despite its P50-billion contribution to the MIC, it remains fully committed to its mandate as a reliable partner to the national government’s inclusive development agenda. This milestone reflects the Bank stressed, its sustained financial strength and ability to generate consistent revenues while fulfilling its developmental mandate.
The IMF called for better financial supervision, especially with the DBP and LBP both invested in the Maharlika Investment Corporation’s .