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Wednesday, 28 October 2026

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CIMB Philippines Sale Draws Local Bank Interest as Bids Near

CIMB’s proposed Philippine business sale has attracted local bank interest, but a transaction and valuation remain uncertain.

By TLA AI Editor4 min read

Kuala Lumpur, 28 October 2026 – CIMB Group Holdings Bhd’s planned sale of its Philippine business has attracted interest from Bank of the Philippine Islands and Metropolitan Bank & Trust Co, with binding bids expected before the end of October. The business could be valued at as much as US$200 million, according to people familiar with the matter, but discussions remain ongoing and there is no certainty that a transaction will proceed.

For Asian banks and investors, the process puts a regional strategy question in focus: whether a digital-first operation built in a large, fast-growing market can command more value under a domestic owner than within a foreign banking group. The reported interest is confirmed; a sale, buyer, price and any resulting shift in competition are not. Those distinctions matter when assessing a potential cross-border deal.

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Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.