CIB Kenya CEO on shaping Africa’s financial future

CIB Kenya, under the leadership of CEO & MD Abhinav Nehra, is strategically positioning itself to navigate the challenges of global trade, foster regional commerce, and drive innovation in Africa's financial landscape. With a strong focus on risk management and balance sheet protection, CIB Kenya leverages Egypt's banking legacy and Kenya's fintech leadership to support businesses and drive growth in the region. Nehra, in an exclusive interview with CNBC Africa's Tabitha Muthoni, discussed the bank's approach to risk management amidst rising tariffs and economic uncertainties. He highlighted CIB Kenya's proactive and data-driven risk approach, emphasizing the importance of a robust credit framework and a disciplined risk culture inherited from its parent company, CIB Egypt. The bank has significantly reduced its non-performing loan numbers and strengthened its balance sheet to meet regulatory requirements. Moreover, Nehra underscored the importance of positioning CIB Kenya as a key player in regional trade by developing multi-currency settlement solutions and real-time payment systems to reduce reliance on the dollar and strengthen local currencies. The bank's strategic focus on leveraging technology and fostering fintech collaborations in Kenya's digitally advanced banking market was also emphasized. Nehra highlighted CIB Kenya's digital capabilities and partnerships with local fintech players to enhance access, convenience, and personalized services. Furthermore, as sustainability takes center stage in African finance, CIB Kenya is committed to driving ESG initiatives by investing in internal capacity building and fostering partnerships with development institutions. Nehra reiterated the bank's commitment to creating a meaningful impact through regional expansion, emphasizing the importance of tailoring their approach to specific market requirements and building local talent. The bank's focus on sustainability as a core responsibility and strategic imperative underscores its vision to do good and drive positive change in the region's financial sector.