STATE-RUN Land Bank of the Philippines (LandBank) maintained its capital is stable after shelling out P50 billion to beef up the Maharlika Investment Corp. (MIC) — apparently in response to an Interna-tional Monetary Fund (IMF) report suggesting that the bank's capital be restored after the hefty con-tribution.

In a statement on Friday, LandBank declared it has 'consistently met and exceeded' the Bangko Sen-tral ng Pilipinas' (BSP) minimum capital adequacy ratio (CAR) requirement of 10 percent, a key indicator of a financial institution's ability to manage risks, despite its big share in the country's newly estab-lished sovereign wealth fund.