LandBank remains financially stable, compliant with BSP regulations

PTVPhilippines

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00:00The Land Bank of the Philippines confirmed its financial stability and compliance with Banco Central ng Pilipinas.

00:06Regulations after downloading 50 billion pesos to the Marlica Investment Fund, the Philippine News Agency reports.

00:13The state-run bank said it has consistently met and even surpassed the capital adequacy ratio, hitting the 16.24% level as of November.

00:22This is well above the BSP's 10% requirement.

00:26Land Bank also contributed a record-high 32.12 billion pesos in cash dividends to the national government,

00:33highlighting its continued support for agriculture and rural development.

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