BSP coordinating with CIMB to resolve unauthorized fund transfers

The Bangko Sentral ng Pilipinas (BSP) on Sunday, April 28, said it is actively coordinating with CIMB Bank Philippines to address unauthorized fund transfers that have affected certain customers.​

Citing a statement issued by the digital-only commercial bank last Friday, April 26, CIMB Bank assured both the BSP and its customers that the affected funds would be returned to the account owners.

Preliminary reports indicate that the bank has already initiated the restoration of customer balances.​

The BSP has committed to closely monitoring the situation until it is fully resolved. The central bank emphasized its ongoing dedication to safeguarding the security of the financial system, protecting consumer welfare, and maintaining public trust.​

For further updates, customers are advised to refer to official communications from CIMB Bank and the BSP.