National Treasurer Rosalia de Leon on Saturday allayed fears that state-owned Land Bank of the Philippines, poised to become the country’s largest bank, would collapse should the proposed Maharlika Investment Fund (MIF) fail.
National Treasurer Rosalia de Leon on Saturday allayed fears that state-owned Land Bank of the Philippines, poised to become the country’s largest bank, would collapse should the proposed Maharlika Investment Fund fail.
The Development Bank of the Philippines , another state-run lender, as well as the national government, are eyed to contribute P25 billion and P50 billion, respectively, to the MIF. During the Saturday News Forum in Quezon City, de Leon pointed out that “Landbank is a very stable bank in terms of [assets].”
“So that means its investment is very small… It will not affect the prudential ratios being imposed by the Bangko Sentral,” she said.
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