-
Jan 17 2021 
Philippine Banks’ Pandemic Rebound Quicker Than Asian Crisis Era
BLOOMBERG — Philippine banks will recover faster from the impact of the coronavirus pandemic than they did from the Asian financial crisis due to record-low interest rates, higher capital and a stable economy, the head of the nation’s bankers group said.
Lenders in the Southeast Asian nation may bounce back in three to four years, about half…
-
Jan 17 2021 
CIMB Philippines Doubles Customer Base to Over 3 Million
CIMB Bank Philippines had doubled its deposit customer base to exceed 3 million total banking customers with an 800% increase in deposits balance sheet, and 30% of these deposit customers claimed that CIMB was their first bank account.
Amidst the pandemic, average balance per customer and average cash-in per customer increased by 350% and 400%, respectively…
-
Jan 17 2021 
Fintech Apps that Made the Grade Amidst the Pandemic
2020 saw significant changes to the way we live, work and play. As people stayed in the safety of their homes for weeks and months on end, we needed to alter our daily routines and use technology more than ever. From Zoom meetings and food deliveries to online shopping and Netflix bingeing—and occasionally, doing all…
