"In 2020, there was a negative growth in the industry in loans, we grew by two times, we doubled. So while banks were not growing because they were restricting, our loan portfolio in 2020 double," Manoharan added. CIMB Bank's lending portfolio in the Philippines encompasses its personal loans, GCredit, and REVI Credit offerings. In total, the bank is serving close to two million lending customers – 70 percent of which are first-time bank borrowers. This year alone, CIMB Bank disbursed a record high P25 billion to its borrowers – double versus last year. With the recent partnership with Southeast Asia's leading digital payments provider SeaMoney, CIMB Bank hopes to onboard 2.5 million loan customers in 2023, doubling the 1.3 million SPayLater users in the country. SPayLater enables eligible Shopee users to purchase items today and pay for the same in tranches at later date.