The Commercial International Bank (Egypt) S.A.E. (CIB) has acquired the remaining 49 percent shareholding of the Mayfair CIB Bank Limited (MBL) effective January...
New investors who will take over the bank from 1st May 2020 are expected to restructure Mayfair operations using international experience.
The Competition Authority (CAK) started the process of approving the deal in December 2019
Egypt's second largest state-owned bank’s plans to open an office in Kenya are still on course