Thursday 18 July
Dec 16, 2018 @ 12:05

Malaysia’s CIMB Bank starts Manila operations


It took a year before the lender completed its foray here.

Malaysia’s CIMB Bank has officially entered the Philippine market just this December.

In a letter, Bangko Sentral ng Pilipinas Deputy Governor Chuchi Fonacier announced that the foreign bank started commercial operations on Dec. 3, 2018.

This is a year after the Monetary Board approved the bank’s request to open a branch here back in November 2017.

The BSP then gave a banking license to CIMB on Oct. 25 after completing its registration with the Securities and Exchange Commission.

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