Paramount Bank, is a commercial bank in Kenya. It is one of the forty-four commercial banks licensed by the Central Bank of Kenya, the national banking regulator.[1]
| Company type | Private company |
|---|---|
| Industry | Financial services |
| Founded | 1993 |
| Headquarters | Nairobi, Kenya |
| Products | Transaction accounts, Savings, Investments, Debit Cards |
| Website | www |
Paramount Bank is a small retail bank in Kenya. As of December 2013[update], the bank was ranked number 37, by assets, out of 43 licensed commercial banks in the country.[2] The bank is an active member of the MoneyGram money transfer network.
History
editThe bank was established in 1993, as a deposit-taking, non-bank financial institution called Combined Finance Limited. The company's share capital at that time was approximately US$300,000 (KES:25 million). In 1995, after increasing its share capital and following the issuance of a commercial banking license, the company rebranded to Paramount Bank Limited, and began banking operations. In 2000, Paramount Bank merged with Universal Bank Limited to form Paramount Universal Bank.[3][4]
Ownership
editAs of August 2014[update], Paramount Universal Bank is a privately held company whose owners are not publicly known.
Branch network
editThe bank maintains a network of branches at the following locations, as of January 2015:[5]
- Westlands Branch - Sound Plaza, Woodvale Grove, Westlands, Nairobi (main branch)
- Parklands Branch - Amani Plaza, 3rd Parklands Avenue, Parklands, Nairobi
- Kimathi House Branch - Kimathi House, City Centre, Nairobi
- Koinange Street Branch - Paramount Bank House, Koinange Street, Nairobi
- Mombasa Branch - Jubilee Building, Moi Avenue, Mombasa
- Eldoret Branch - Karims Hardware Building, Oloo Street, Eldoret
- Industrial area Branch - Dar es Salaam Road Nairobi
See also
editReferences
edit- ^ "Directory of Commercial Banks And Mortgage Finance Companies" (PDF). Central Bank of Kenya. Retrieved 5 August 2014.
- ^ "Kenya Bank Rankings By Assets 2013". Bankelele.Co.Ke. 28 April 2014. Retrieved 5 August 2014.
- ^ "The History of Paramount Universal Bank". Paramount Universal Bank (PUB). Retrieved 5 August 2014.
- ^ "Central Bank of Kenya: Mergers or Acquisitions Among Kenyan Commercial Banks - 1989 To 2010". Central Bank of Kenya. Archived from the original on 18 July 2014. Retrieved 5 August 2014.
- ^ "The Branches of Paramount Universal Bank". Paramount Universal Bank (PUB). Retrieved 5 August 2014.
