CIMB sees PH market accounting for 5-10% of group bottomline in 5 years


Posted at Dec 04 2019 01:06 PM

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Malaysia's CIMB bank expects the Philippine market to contribute around 5 to 10 percent to the group's total bottomline over the next 3 to 5 years. CIMB set up a mobile banking unit in Manila last year and its Philippine CEO believes as more Filipinos engage in e-commerce, the next thing they will look for would be ways to do banking digitally.