Egypt’s largest private lender, Commercial International Bank (CIB), will inject Sh3.7 billion ($35 million) into Mayfair Bank following its acquisition of a majority stake in the Kenyan tier three lender.
The acquisition by CIB, which now controls 51 percent shareholding in the bank, will see the lender operate under the new name of Mayfair CIB Bank Limited as from May 1.
