CIMB Group Holdings Berhad is reportedly exploring a sale of its banking operations in the Philippines. The potential divestment is part of a broader effort to streamline the group and shift capital toward markets with higher growth potential. Reports earlier in the week said the Philippine unit could be valued at up to US$200 million.
CIMB is reportedly working with a financial adviser and has begun approaching potential buyers. Discussions remain at an early stage, and no final decision has been made. The move aligns with CIMB’s recent statements about shifting capital away from underperforming assets to optimize its regional portfolio. As of October 9, 2026, the company had not issued an official statement confirming whether it would proceed with the sale.