00:00The Land Bank of the Philippines has promised that it will remain strong and stable despite their 50 billion pesos contribution to the Maharlika Investment Fund.
00:12The so-called state-run bank insisted that it will continue to exceed the minimum requirements of the Central Bank of the Philippines
00:21for the capital adequacy ratio of an important entity when it comes to the stability of a bank.
00:28As of November 30, their capital adequacy ratio reached almost 17%
00:35which is higher than the 10% regulatory threshold.
00:41In fact, in the face of the implementation of their mandate, they were able to remit more than 32 billion pesos cash dividends
00:49to the National Government, which is the largest of all government-owned and controlled corporations in the history of the Land Bank.
00:59The Land Bank will continue to implement good financial management practices
01:06and will continue to use their resources to serve other sectors such as agriculture, rural development, and other development sectors.
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