{"id":55635,"date":"2023-05-03T14:42:29","date_gmt":"2023-05-03T06:42:29","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=55635"},"modified":"2023-05-03T14:42:31","modified_gmt":"2023-05-03T06:42:31","slug":"cimb-bank-is-forbes-best-bank-in-ph","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2023\/05\/03\/cimb-bank-is-forbes-best-bank-in-ph\/","title":{"rendered":"CIMB Bank is Forbes\u2019 best bank in PH"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>CIMB Bank PH is the best bank in the Philippines, according to Forbes\u2019 2023 World\u2019s Best Banks Ranking.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Headquartered in the United States, Forbes is a globally renowned business magazine known for their highly regarded business lists and rankings. Tapping market research firm Statista, the publication conducted a worldwide study that surveyed 48,000 banking customers in 32 countries. Shortlisted banks were then ranked according to customers\u2019 general satisfaction and recommendation of the bank, and ratings in five key areas: trust, terms and conditions, digital services, customer services and financial advice.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the Philippines, 10 banks made it to Forbes\u2019 list and were subsequently ranked according to the criteria above. CIMB Bank PH earned the top spot, ahead of all other local and international banks. CIMB is also the sole digital- and mobile- first bank and the only foreign-owned bank on the list\u2019s top 5 banks in the country.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis recognition is a testament to how we have come to the shores in the Philippines and disrupted the banking landscape since launching our operations back in 2018, during a time when digital banking was unheard of in this country,\u201d said CIMB Bank PH Chief Executive Officer (CEO) Vijay Manoharan. \u201cWe were the first to make it possible to open a bank account with using just your mobile phone in the matter of minutes, and get a loan instantly approved 24 hours and 7 days week\u2014really going big on our embedded banking business model to drive financial inclusion and access to credit for all Filipinos. We were the first to offer high savings rates and access to cash for up to PHP 1,000,000 on your mobile phone. We were also the first to enable users to open and maintain a savings account with zero fees and no maintaining balance.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">All of these, according to Manoharan, ultimately contributed to CIMB\u2019s mission of making banking more accessible to Filipinos, as well as to the BSP\u2019s mandate for financial inclusion through digitalization. \u201cNow as we are in 2023, we are encouraged and pleased to see the new digital banking entrants adopting what we have started, following our lead, and joining us in changing how Filipinos bank,\u201d he added.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Manoharan noted that the recognition further fuels the Bank\u2019s mission of providing an unmatched banking experience for its customers. \u201cWe owe this to our 7 million deposit customers and 2 million loan customers for their unwavering trust and support,\u201d said Manoharan. \u201cWe will not stop. We are only getting started. This strengthens our intent to continuously strive for a world-class digital-only banking experience for our customers.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the Philippines, 10 banks made it to Forbes\u2019 list and were subsequently ranked according to the criteria above. CIMB Bank PH earned the top spot, ahead of all other local and international banks. CIMB is also the sole digital- and mobile- first bank and the only foreign-owned bank on the list\u2019s top 5 banks in the country.<\/p>\n","protected":false},"author":6,"featured_media":46839,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[368,1185,4867,7205],"class_list":["post-55635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-award","tag-banking-and-finance","tag-banking-industry","tag-cimb-bank-philippines"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/55635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=55635"}],"version-history":[{"count":0,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/55635\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/46839"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=55635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=55635"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=55635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}