CIB Kenya

The headquarters and main branch of the bank are located on the Mezzanine Floor at KAM House, along Mwanzi Road, in Westlands, Nairobi.{{cite web| url=https://www.mayfair-bank.com/MayfairBank/MayfairBank/contact |title=Mayfair Bank Kenya: Contact Us |publisher=Mayfair Bank | date=19 May 2020 |author=Mayfair Bank |access-date=19 May 2020 | location=Nairobi}}

CIB Kenya is a retail banking institution, serving small to medium enterprises, large corporate clients and individuals. The bank was started in 2017, as a greenfield investment, by 31 Kenyan investors.{{cite web|newspaper=The Standard (Kenya) |date=15 March 2017 |url=https://www.standardmedia.co.ke/business/article/2001232643/peter-kenneth-plans-new-bank |title=Peter Kenneth plans new bank in Kenya |author=Moses Michira |access-date=19 May 2020 | location=Nairobi}} As of December 2019, the bank's total assets were valued at KSh8.65 billion (US$82 million), with shareholders' equity of KSh1.040 billion (US$10 million).{{cite web |author=CIB Kenya Website |date=March 2020 |title=Audited Financial Statements For The Year Ended 31 December 2019 |url=https://cibke.com/branch-locator/ |access-date= |publisher=CIB Kenya Limited |location=Nairobi}}

CIB Kenya was granted a banking licence by the CBK on 20 June 2017{{cite web|title=Press Release: Mayfair Bank Limited |date=23 June 2017 |access-date=5 September 2018 | url=https://www.centralbank.go.ke/uploads/press_releases/74880577_Press%20Release%20-%20Mayfair%20Bank%20Limited%20-%20June%2023%202017.pdf |format=PDF |publisher=Central Bank of Kenya |author=Central Bank of Kenya |location=Nairobi}} and began its operations on 1 August 2017.{{cite web|author=Mayfair Bank Limited |url=https://www.mayfair-bank.com/MayfairBank/MayfairBank/history |title=History of Mayfair Bank Limited |access-date=5 September 2018 |date=5 September 2018 |publisher=Mayfair Bank Limited | location=Nairobi}}{{cite web| url=http://www.businessdailyafrica.com/markets/news/CBK-approves-licence-for-Peter-Kenneth-linked-Mayfair-Bank/3815534-3984204-eqi4j5/index.html |title=CBK approves licence for Peter Kenneth-linked Mayfair Bank |date=23 June 2017 |access-date=17 August 2017 |newspaper=Business Daily Africa |first=James |last=Ngunjiri |location=Nairobi}}

In December 2019, Commercial International Bank, based in Egypt began the process of seeking regulatory approval in Egypt and Kenya, to acquire a controlling interest in Mayfair Bank.{{cite web|newspaper=Business Daily Africa | url=https://www.businessdailyafrica.com/news/Egypt-s-top-lender-seeks-approval-to-buy-Mayfair-Bank/539546-5370744-qrkwyl/index.html |title=Egypt’s top lender seeks approval to buy Mayfair Bank |date=3 December 2019 |access-date=3 December 2019 |

author=Otiato Guguyu |place=Nairobi}}

On 3 December 2019, it was announced that one of Egypt's top banks, Commercial International Bank (CIB) wanted to acquire Mayfair Bank.{{cite web |author=Otiato Guguyu |date=3 December 2019 |title=Egypt’s top lender seeks approval to buy Mayfair Bank |url=https://www.businessdailyafrica.com/news/Egypt-s-top-lender-seeks-approval-to-buy-Mayfair-Bank/539546-5370744-qrkwyl/index.html |access-date=19 May 2020 |newspaper=Business Daily Africa |location=Nairobi}} In April 2020, after receiving regulatory and shareholder approval from Nairobi and Cairo, CIB paid US$35 million in exchange for 51 percent shareholding in Mayfair Bank. In January 2023, CIB Egypt fully acquired the bank by buying the remaining 49% shares. The bank has since rebranded from Mayfair CIB Bank Kenya Limited to CIB Kenya.

As of June 2017, the bank was locally owned by 31 shareholders, thirteen of them corporate and eighteen individuals. At that time, the ownership of the bank's stock, is as illustrated in the table below:{{cite web|date=5 September 2018 |url=https://www.mayfair-bank.com/MayfairBank/MayfairBank/corpinfo |title=Mayfair Bank Shareholders |author=Mayfair Bank Limited |publisher=Mayfair Bank Limited |access-date=5 September 2018 |location=Nairobi}}

In April 2020, Commercial International Bank of Egypt bought 51 percent shareholding in Mayfair bank for a consideration of US$35 million. The shareholding in the bank changed as illustrated in the table below.{{cite web| url=https://www.businessdailyafrica.com/corporate/companies/Egypt-lender-buys-Mayfair-Bank-stake-for-Sh3-7bn/4003102-5535328-uia9xoz/index.html |title=Egypt Lender Buys Mayfair Bank Stake for KSh3.7 Billion |newspaper=Business Daily Africa |

date=27 April 2020 |author=Gerald Andae |access-date=19 May 2020 |location=Nairobi}}

1. CIB Kenya Headquarters - Kamhouse, 14 Mwanzi Rd, Nairobi, Nairobi
2. Mayfair Center - MAYFAIR Center, Ground Floor, Ralph Bunch Road, Nairobi
3. Nyali Branch - KRISH Plaza, Ground Floor, Links Road, Mombasa
4. Industrial Area Branch - Hi-Tech Granite Industries Building, Enterprise Road, Industrial Area, Nairobi
5. Eldoret Branch - Rupa’s Mall, Second Floor, Malaba Road, Eldoret
6. New Upper Hill Branch - Old Mutual Towers, Ground Floor, Upperhill Road, Nairobi
7. Mombasa Nkurumah Road Branch Oriental Building, ground floor, Mombasa CBD, Nkurumah Road, Mombasa

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• [https://cibke.com/ Official website]

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Category:Banks of Kenya

Category:Banks established in 2017

Category:Companies based in Nairobi

Category:Kenyan companies established in 2017