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CIMB’s Digital Bank in the Philippines poised for 500% growth in 2020

CIMB Bank Philippines is foreseeing a 500% increase in their deposit balances by end-year, following a reported 160% surge of average cash-in per customer in the second quarter.

 

The significant increase in average deposits allowed them to surpass its 2020 deposit target as momentum for customer acquisition stood strong throughout April to June 2020. 

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