CIMB Group, the parent company of CIMB Bank Philippines, said it will continue to invest in the country, taking advantage of the robust local market and its growing number of customers.
“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,” the group said in a statement Monday.
CIMB Group is one of ASEAN’s leading banks present in over 16 global markets.
CIMB Bank Philippines recently inaugurated its new, bigger and more modern headquarters in Bonifacio Global City, Taguig City. The new headquarters 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.
Present during the inauguration were the company’s Malaysian leaders composed of CIMB Group chairperson Datuk Mohd Nasir Ahmad, CEO Dato’ Abdul Rahman Ahmad and consumer and digital banking CEO Effendy Shahul Hamid.
Vijay Manoharan, the chief executive of CIMB Bank Philippines, said the bank is in a unique position to leverage on CIMB Group’s deep expertise and strengths to continue its 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,” Manoharan said.
“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,” Manoharan said.
CIMB Bank PH has redefined the banking landscape in the Philippines in less than five years, 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.
CIMB Bank Philippines is a digital-only commercial bank providing innovative mobile-first digital banking solutions and services. Named by Forbes as the number 1 Bank in the country in its 2023 World’s Best Banks ranking, it has garnered 83 prestigious international awards and is a leader in digital banking products and services in the Philippines.
CIMB Bank Philippines serves around 7 million Filipinos and over 2.5 million lending customers.