Egypt-based CIB completes 100% acquisition of MBL
The Commercial International Bank (Egypt) S.A.E. (CIB) has acquired an additional 49 percent of the shareholding of Mayfair CIB Bank Limited (MBL). This follows the Central Bank of Kenya's (CBK) approval on January 23, 2023, under Section 13(4) of the Banking Act and approval by the