DOF Lauds State-Run Banks for Strong Financial Standing

The Department of Finance (DOF) has commended the Land Bank of the Philippines (Landbank) and the Development Bank of the Philippines (DBP) for maintaining robust financial positions, despite their contributions to the Maharlika Investment Fund.

- By KEISHA TA-ASAN

In a statement, the DOF said both state-owned banks have consistently exceeded the Bangko Sentral ng Pilipinas (BSP)'s capital adequacy ratio (CAR) requirements, a key metric of financial health.

As of November last year, Landbank said it has a CAR of 16.42 percent, while DBP posted 14.78 percent, both well above the 10 percent regulatory threshold.

"The solid financial footing of Landbank and DBP reaffirms their indispensable role in advancing the nation's progress," Finance Secretary Ralph Recto said.