CIMB Bank Philippines has been ranked 41st in The Asian Banker’s World’s Top 100 Digital Banks 2025, making it the highest-ranked digital bank from the Philippines on the list.

The Asian Banker, a provider of strategic intelligence in the financial services industry, evaluated over 160 banks from 42 markets using a scorecard that assessed capabilities across five dimensions. These verticals are mainly customers, market/product coverage, profitability, asset and deposit growth, and funding.

The evaluation considered profitability, operational efficiencies, funding security, and the strength of loan books and balance sheets.

CIMB Bank Philippines experienced a notable year in 2024, with its profit before tax increasing significantly compared to 2023. Transaction volumes grew by over 30%, and deposit transactions increased by over 35% from 2024.

The bank’s customer base has now exceeded 9 million, with loan customers reaching nearly 4 million. According to The Asian Banker, solid business performance, product offerings, customer growth, and financial performance led the bank to become the top digital bank in the Philippines and secure a spot within the top 50 globally.

Vijay Manoharan, CEO of CIMB Bank Philippines, commented on the recognition.

“In just six short years and as the pioneer in changing how banking is brought to the everyday Filipino consumer, we are humbled to once again be hailed as one of the world’s best banks,” Vijay said.

He also expressed pride in the bank’s global recognition, noting that the award demonstrated their continued efforts to serve Filipinos by offering practical solutions for their everyday financial needs.

Manoharan also highlighted how the bank promotes credit inclusion by giving almost 4 million Filipinos access to credit.

CIMB Bank Philippines has accumulated 145 accolades, including Forbes’ 2023 World’s Best Banks Ranking, where it earned recognition as the top bank in the Philippines.

Featured image by CIMB Bank PH.

This article first appeared on fintechnews.ph.