Established in 2017, Commercial International Bank (CIB) Kenya Limited is a private commercial bank licensed by the Central Bank of Kenya.
It is headquartered in Westlands, Nairobi, offering a comprehensive suite of financial solutions designed to meet the evolving needs of individuals, businesses, and institutions.
As a subsidiary of Commercial International Bank (CIB) Egypt, the leading private sector bank in Egypt, they draw on the parent company’s vast experience and expertise.
Founded in June 2017 as Mayfair Bank Limited, the bank obtained its license and commenced operations in August of the same year.
In December 2019, CIB Egypt entered the Kenyan market by acquiring a controlling stake in Mayfair Bank.
After receiving regulatory approvals, CIB Egypt finalized a 51% acquisition in April 2020.
A key milestone was reached in January 2023 when CIB Egypt acquired the remaining 49%, making CIB Kenya its first fully owned subsidiary outside Egypt.
This marked a significant step in the bank’s regional growth and led to its rebranding as CIB Kenya, reflecting its new identity within the CIB Group.
As of 31 December 2024, the bank reported a net loss of Ksh 738 million, compared to a profit of Ksh 0.6 million in 2023. Total assets stood at Ksh 17.1 billion, while customer deposits increased to Ksh 13.3 billion. Loans and advances to customers remained stable at Ksh 5.9 billion.
Commercial International Bank Branches
| Branch | Location | Contacts |
|---|---|---|
| CIB Kenya Headquarters | Kamhouse, 14 Mwanzi Rd, Nairobi | +254 703 053 100 / +254 709 063 000 |
| Westlands Branch | Kamhouse, Mezzanine Floor, Opp. Westgate Mall, Mwanzi Rd, Nairobi | +254 709 063 101 |
| Mayfair Center Branch | MAYFAIR Center, Ground Floor, Ralph Bunche Rd, Nairobi | +254 20 3951 500 / +254 709 063 500 |
| Nyali Branch | KRISH Plaza, Ground Floor, Links Rd, Mombasa | +254 20 3951 550 / +254 709 063 550 |
| Industrial Area Branch | Hi-Tech Granite Industries Building, Enterprise Rd, Industrial Area, Nairobi | +254 709 063 650 / +254 20 3951 650 |
| Eldoret Branch | Rupa’s Mall, Second Floor, Malaba Rd, Eldoret | +254 709 063 600 / +254 20 3951 600 |
| New Upper Hill Branch | Old Mutual Towers, Ground Floor, Upper Hill Rd, Nairobi | +254 709 063 570 / +254 20 3951 570 |
| Mombasa Nkrumah Road Branch | Oriental Building, Ground Floor, Mombasa CBD, Nkrumah Rd, Mombasa | +254 709 063 634 / +254 709 063 000 |
Loans Offered
- Tayari Loan
Tayari Loan is a cash-backed loan facility fully secured by cash collateral, time deposits, CIB Kenya Certificates of Deposit, pledged savings accounts, or approved performance letters of credit (guarantees) from CIB Egypt or other A-rated banks.
For loans secured in the same currency as the collateral, customers can access up to 90 percent of the deposit value. While for Kenya Shilling (Ksh) loans secured by U.S. Dollar (USD) deposits, the loan-to-value ratio is capped at 80 percent.
- Insurance Premium Financing (IPF)
Insurance Premium Financing (IPF) allows customers to enjoy full insurance coverage upfront while spreading premium payments over a flexible period. This facility helps customers remain compliant with regulatory requirements while maintaining healthy cash flow.
The loan has a repayment period of up to 10 months, with an interest rate of 5.69%, equivalent to a 15.02% reducing balance rate. It is designed for insurers, insurance brokers, corporates, small and medium enterprises (SMEs), and high-net-worth individuals (HNIs).
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Asset Finance at
Asset Finance is designed to support business growth by providing financing for both new machinery and equipment, as well as new and second-hand motor vehicles that are not more than eight years old.
The facility covers financing for movable and immovable assets that are readily saleable and free of encumbrances. Assets must be purchased from reputable suppliers or dealers within the industry.
Repayment terms are available for up to 48 months.
- Salary Smart Loan
The CIB Salary Smart Loan is available to employees who have completed at least six months of continuous employment or have been confirmed on permanent and pensionable terms.
It offers a flexible repayment period, with a minimum duration of six months and a maximum of six years. For employees on contract, the loan term is limited to the remaining period of their employment contract.
Repayments can be made through check-off, direct debit, or directly from a salary account. Loan amounts range from a minimum of Ksh 80,000 to a maximum of Ksh 6 million.
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Commodity Financing at Commercial International Bank
Commodity Financing is designed for producers who may not qualify for traditional balance sheet lending. Under this facility, the commodity purchased serves as the sole collateral, eliminating the need to provide additional security to the bank.
It offers simple operational procedures, making it easier for producers to access financing. This solution provides a more affordable option for additional working capital, with simplified security requirements.
- Supply Chain Financing
Supply Chain Financing through documentary collections helps facilitate the import and export of goods, ensuring smooth collection of sales proceeds between trading partners.
This option is generally cheaper than letters of credit (LCs), with lower bank charges. It is also easier to set up and operate, offering faster processing and quicker payments.
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