CIMB Bank is Best New Digital Bank in the Philippines for 2020

More accolades for the new, innovative bank

CIMB Bank receives a new award as International Finance names it as the “2020 Best New Digital Bank Philippines”. CIMB Bank is currently the most awarded all-digital bank in the Philippines.

International Finance, a premium business and finance magazine published by UK’s  International Finance Publications Limited., selected the winner based on the following criteria:  Strategy for attracting online customers, Growth of online customers, Product Offerings,  Technology Used, Website Design, and Ease of use interface.

To date, the most-awarded digital bank in the Philippines has already signed-in more than 2.3  million clients since its launch in December 2018.

Among the top product features is CIMB’s value-added offer for high depositors. Customers with a minimum balance of P100,000 in their accounts will get as high as 4.1% p.a.  interest rate. On the other hand, UpSave holders with at least P100,000 in their UpSave accounts will enjoy up to 4.0% per annum interest rate with FREE Life Insurance twice their average daily balance as high as P2,000,000.

It will only take 10-minutes for interested depositors to open an account all-through the CIMB  Bank PH App, which is available 24/7 and requires no maintaining balance and transaction fees. Furthermore, CIMB depositors may even get a VISA payWave debit card that they can use in over 25,000 ATM machines for free.

In line with CIMB Bank’s goal of giving Filipinos the opportunity to seize life’s moments, the  CIMB Personal Loan enables Filipinos to loan up to P1,000,000 through a seamless, fast, and secure digital application which requires no face-to-face interactions, zero processing fees,  and zero transaction fees.

“We want to bring formal banking services, which provide real value at no cost to all Filipinos  anytime, anywhere.” Vijay Manoharan (CEO of CIMB Bank Philippines), said. He added,  “Banking should be fast, simple, and convenient where Filipinos wouldn’t be needing a physical bank branch. This recent pandemic as an eye-opener has further shown the way to go all-digital as we see further demand in digital banking.”

With its vision of changing the Philippine banking landscape and providing financial services to more Filipinos, CIMB Bank Philippines is set to introduce more innovative and exciting products soon.

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