CIMB Bank Philippines said it spearheaded the country’s digital banking push with a mission to provide Filipinos accessible financial solutions to help them achieve their life goals.
The bank said it aims to address customer pain points with traditional banking. By 2025, the introduction of digital-only banking allows Filipinos to manage their finances and open savings accounts in less than 10 minutes via a mobile app.
Developments include amassing 9 million customers in six years and offering limited-time promotions with interest rates as high as 25 percent per annum.
CIMB said it solidified its position as the nation’s leading digital bank, ranking 41st among the world’s top 50 digital banks in a survey by The Asian Banker.
The recognition highlights CIMB’s digital banking excellence and affirms its status as the Philippines’ Best Digital Bank. As an all-digital financial institution, CIMB continues to set new banking standards, empowering Filipinos through innovative and accessible solutions.
CIMB’s latest accolades from The Asian Banker, totaling over 120 industry recognitions, reinforce its status as the most awarded digital-only commercial bank in the Philippines. Its inclusion in The World’s Top 100 Digital Banks Ranking underscores its financial strength, strategic innovation, and commitment to an exceptional virtual banking experience.
The World’s Top 100 Digital Banks Ranking is an annual assessment evaluating the success of independent digital banks globally.
It recognizes institutions operating outside the traditional commercial banking model that deliver unique, tech-driven financial solutions.
CIMB said that as it enters its next phase, it remains dedicated to revolutionizing the Philippine banking experience, with plans to offer more savings, loans and investment products to broader segments.
It also aims to expand its strategic partnerships beyond current collaborations with GCash, Lazada and Shopee and introduce new promotions.