CIMB Bank solidifies and strengthens PH presence; inaugurates new modern HQ in the Philippines
Leading the ribbon-cutting ceremony of the CIMB Bank PH headquarters were CIMB Bank PH CEO Vijay Manoharan (fifth from left), CIMB Group Chairperson Datuk Mohd Nasir Ahmad (seventh from left), CIMB Group CEO Dato’ Abdul Rahman Ahmad (eighth from right), and CIMB Group Consumer & Digital Banking CEO Effendy Shahul Hamid (sixth from right). They were joined by the executive leadership team of CIMB Bank PH.
MANILA, PHILIPPINES – Fresh from its recent recognition as Forbes’ #1 Bank in the Philippines, CIMB Bank PH marks another milestone as it recently inaugurated its new headquarters in Bonifacio Global City, Taguig, with its Malaysian executive leadership team in attendance. The all-digital commercial bank’s move to a new bigger, more modern, and conducive workspace is a testament to CIMB’s long term commitment to the country as it strengthens its leadership position as a digital banking product and services provider.
Present during the inauguration were the company’s Malaysian leaders composed of CIMB Group Chairperson Datuk Mohd Nasir Ahmad, CIMB Group CEO Dato’ Abdul Rahman Ahmad, and CIMB Group Consumer & Digital Banking CEO Effendy Shahul Hamid. As CIMB Bank PH approaches its fifth anniversary, leading ASEAN universal bank CIMB Group is doubling down on its commitment to invest and grow its Philippine operations, especially given the strong track record of the Philippine market and its 7 million-strong customers.
Guided by the shared goal across all CIMB entities to become the leading focused ASEAN bank, CIMB Group will continue to invest in CIMB Bank PH’s cutting edge business model and continued growth through expanding and upskilling the local workforce, acceleration of digital investment, advancement of data analytics, artificial intelligence and new eco system strategic alliances
“Backed by one of the largest banking groups in this region, CIMB Bank PH is in a unique position to leverage on our Group’s deep expertise and strengths to continue our strong growth in the country. We have done many efforts to change the banking landscape in the Philippines and we still have big and bold ambitions for CIMB Bank PH. We want to grow our current customer base and surpass 10 million users as we continue to introduce new innovative products and services. We hope to delight our clients and exceed their expectations, which is also why we are more committed than ever to sustain our phenomenal growth and live up to our position as Forbes’ #1 Bank in the Philippines,” said Vijay Manoharan, CIMB Bank PH CEO.
The new headquarters located at the Bonifacio Stopover Corporate Center is a much larger facility that can support the expanded needs of employees and allow them to work in a more collaborative environment thanks to the office’s state-of-the-art facilities as well as all the conveniences needed in modern workplaces. The office also boasts of a gaming center for employees to recharge during the workday.
In less than five years, CIMB Bank PH has redefined the banking landscape in the Philippines. In September 2021, it launched REVI Credit, an in-house fully digital revolving credit product. 2022 saw the release of CIMB PH’s brand new mobile app, while the CIMB Virtual Debit Card was launched the following year. The company also worked with several partners throughout the years for its embedded banking efforts, such a GCash, Shopee, and Visa.