Landbank Reaffirms Financial Stability

Government-owned Land Bank of the Philippines (Landbank) reaffirmed its financial strength and stability, emphasizing that its capital adequacy ratio (CAR) remains at a healthy level of 16.42 percent.

- By CATHERINE TALAVERA

In a statement, Landbank said it has consistently met and exceeded the minimum requirements of the Bangko Sentral ng Pilipinas (BSP) for CAR—a critical benchmark of financial health—as it stays financially robust with no urgent need for additional capital.

"As of Nov. 30, 2024, Landbank's CAR remains at a healthy level of 16.42 percent, which is well above the 10 percent regulatory threshold, further demonstrating the bank's resilience against financial and operational risks," the state-run bank said.

Earlier this year, the bank remitted P32.119 billion in cash dividends to the national government—the highest among all government-owned and controlled corporations and in the bank's history.