THE Department of Finance (DOF) has commended the Land Bank of the Philippines (LANDBANK) and the Development Bank of the Philippines (DBP) for maintaining their strong financial position, making them even more well-equipped to provide more services to Filipinos.
Both state banks have consistently met and exceeded the minimum requirements of the Bangko Sentral ng Pilipinas (BSP) for Capital Adequacy Ratio (CAR), which is a critical benchmark of financial health.
As of the end of November 2024, LANDBANK’s CAR remains at a healthy level of 16.42% while DBP’s level is at 14.78%. These are both well above the 10% regulatory threshold, demonstrating the state banks’ resilience against financial and operational risks.
To further strengthen the financial standing of state banks, the DOF is advocating for Congressional approval of amendments to the charters of LANDBANK and DBP.
A key feature of these amendments is enabling the banks to access private capital by offering a portion of their shares to the public.
Editor’s Note: This article has been sourced from the Department of Finance Facebook Page.
