CIMB Bank Philippines, recently named the country’s best digital bank by The Asian Banker, has launched CIMB Biz, a new banking segment aimed at supporting micro, small, and medium enterprises (MSMEs) with improved access to formal financial services.
Initially rolled out by invitation only, CIMB Biz is now available to all eligible CIMB Bank PH customers through the bank’s mobile app. With just a few taps, users with active savings accounts can sign up by selecting the CIMB Biz option on the app’s home screen and entering their business details. Once approved, they can begin enjoying the exclusive perks that come with the program.
CIMB Biz offers enhanced benefits to MSMEs, including competitive interest rates of up to 4 percent per annum on savings without any cap, increased rates for MaxSave time deposit accounts, and the ability to make up to 10 free InstaPay transfers per day. Existing customers who had early access to CIMB Biz will continue to enjoy the same privileges.
The initiative strengthens the lender’s commitment to democratizing financial access for underserved sectors. By empowering small business owners with better tools to manage and grow their capital, CIMB aims to enable more entrepreneurs to bank with confidence and achieve their business goals.
