How CIB Kenya Aims to Change Lives With Cash Flow Lending
When Abhinav Nehra, the CEO of CIB Kenya, talks about banking, he doesn’t dwell on balance sheets or capital adequacy ratios. Instead, he paints a picture of a tea farmer in […]..
✨ Key Highlights
CIB Kenya, rebranded from Mayfair Bank after CIB Egypt took full control in 2023, is set to disrupt the Kenyan banking sector with a focus on digital services, cash flow-based lending, and Egypt-Kenya trade financing.
- Abhinav Nehra, CEO of CIB Kenya, highlights the bank's strategy to fund SMEs based on performance rather than collateral, a model successfully used in Egypt.
- The bank is implementing the Temenos T24 core banking system and prioritizing digital infrastructure over expanding physical branches, currently operating four branches in Nairobi and two each in Mombasa and Eldoret.
- CIB Kenya is also introducing prepaid cards for various sectors and a daily interest savings account, supported by its parent, CIB Egypt, which posted a net profit of US$1 billion in 2023.
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Banks in Kenya Finance School Project, Resume Pension Verification, and Rebrand for New Services - October 2025
The Standard Chartered Kenya Pension Fund will resume verification for 629 appellants in a 2021 pension dispute after the High Court lifted a temporary injunction. Separately, Co-operative Bank of Kenya has provided KShs 110 million in debt financing to Eboss Investments Company for the construction of Seven Oaks School in Ruiru. CIB Kenya, rebranded from Mayfair Bank after CIB Egypt took full control in 2023, is also set to disrupt the Kenyan banking sector. The bank will focus on digital services, cash flow-based lending, and Egypt-Kenya trade financing.
