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CIMB onboards 5 million depositors

MANILA, Philippines — The gross transaction value handled by CIMB Bank Philippines surged by 285 percent to P186 billion as of end-November after onboarding five million depositors over the past three years.

 

Vijay Manoharan, Chief Executive Officer at CIMB Bank Philippines, said the Bank continues to support the efforts of the Bangko Sentral ng Pilipinas (BSP) to boost financial inclusion in the country.

 

To further and continuously drive financial inclusion, the Bank aims to strengthen its platform banking model by collaborating with more partners to bring its embedded banking strategy closer to more Filipinos.

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