Mayfair CIB Bank has recorded its first net profit since its licensing in 2017 and is eying a bigger share of the retail market with Sh5 billion investment.
The bank has posted a Sh4.51 million profit for the quarter ended March, from Sh86.94 million loss in a similar period a year earlier—the first profits in four years since licensing in 2017. The bank will spend Sh5 billion this year for a larger share of retail market share through investments on internet banking, ATM points, new branches and card business.
