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CIMB Bank PH books higher profit in 2024
CIMB Bank Philippines is targeting to reach over 10 million customers this year, after closing 2024 with nine million clients.
The digital-only bank also grew its loan customers to nearly four million relationships by the end of last year.
In 2024, CIMB Bank PH experienced a significant 45-fold increase in profit before tax compared to 2023.
The bank processed over PHP800 billion in transactions during the past year.
CIMB Bank PH CEO Vijay Manoharan highlighted the bank's mission to provide accessible and effortless banking services to all Filipinos.
Manoharan expressed pride in becoming a trusted partner to over nine million Filipinos in just six years.
He attributed the bank's growth to the increasing demand for innovative banking solutions that meet customer needs and empower them financially.
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