CIMB Is Said to Attract BPI, Metrobank for Philippine Unit Sale

The potential sale could reshape competition in the Philippine banking sector, where CIMB has maintained a significant presence through its local operations.

According to people familiar with the matter, both BPI and Metrobank have expressed preliminary interest in acquiring CIMB's Philippine unit, though no formal bids have been submitted yet.

The move comes as CIMB continues its strategic review of regional assets, focusing on optimizing its portfolio across Southeast Asian markets.