Egpyt’s Commercial International Bank (CIB) has acquired a 51% stake in Kenyan lender Mayfair Bank.

Mayfair was licensed in June 2017 and commenced operations in August 2017. The bank has five branches in Nairobi, Eldoret and Mombasa. It targets high-net-worth individuals and the corporate market segment. It is categorised as a small bank with a market share of 0.17% as at February 2020. CIB i...