CIMB Bank PH boasts over P142B-digital transactions in 9 months in 2021
CIMB Bank Philippines (PH) continues to be at the forefront of the digital banking space, ending September 2021 with a gross transaction value of more than P142 billion, 323 percent more versus the same period last year. It has also onboarded close to 5 million customers to date and currently has almost 1 million lending customers in its portfolio, reinforcing its role in driving financial inclusion and its contribution to the Bangko Sentral ng Pilipinas (BSP)'s digitalization goal for the country.
As the pandemic continually reshapes various aspects of daily life – including banking – CIMB Bank PH continues to make banking easier and more accessible to all Filipinos. This led to significant growth across multiple categories versus the same period last year. Deposits increased by 247 percent to more than P62 billion while loan disbursements astoundingly grew by around 1100 percent to P9.3 billion.