CIMB Bank raises 2025 customer base target to 10.5 million

Digital-only commercial bank CIMB Bank Philippines is now looking to onboard 500,000 additional customers in the second half of 2025, as the lender on Tuesday said it already hit its full-year target of 10-million clients in June.

According to CIMB Philippines chief executive officer Vijay Manoharan, the 10-million customer mark was recorded as of end-June 2025, a target he announced in February.

“We are there now. We’ll grow another 500,000 by year end, on top of the 10 million. I think we should be close to 10.5 million by 2025 December,” he told reporters on the sidelines of an event in Taguig City.

Manoharan said CIMB is looking to launch new offerings in the coming months to attract more customers, including the launch of a modernized mobile application that is set to be rolled out in the next few months.

In terms of loans, Manoharan said CIMB is on track to reach the earlier announced target of 4.6 to 4.7 million loan customers this year, up from 4 million in 2024. The bank now has 4.5 million loan customers.

“I think that should be pretty much in line, I think we should be around that full-year number,” he said.

“We also want to grow and grow responsibly. We also want to make sure that we grow the loan portfolio, but grow that in a responsible manner, so we’re not overstretching ourselves. We want to make sure that our credit granting process will grow responsibly. We’re taking, I guess, a very measured approach as we grow our loans,” he added. — BM, GMA Integrated News