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CIMB Bank PH reports 800% jump in deposits

CIMB Bank Philippines reported an 800% jump in its deposits balance sheet as it continues to offer higher interest rates compared to other banks.

 

Due to the shift in consumer behavior because of mobility restrictions, CIMB Bank said that the average balance per customer and average cash-in per customer increased by 350% and 400% respectively, as the bank continues its mission to encourage more Filipinos to save, and to promote financial literacy.

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#Business