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]
Paramount Bank is a small retail bank in Kenya. As of, 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
The 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
, Paramount Universal Bank is a privately held company whose owners are not publicly known.
Branch network
The bank maintains a network of branches at the following locations, as of January 2015:[5]
- 1) Westlands Branch - Sound Plaza, Woodvale Grove, Westlands, Nairobi (main branch)
- 2) Parklands Branch - Amani Plaza, 3rd Parklands Avenue, Parklands, Nairobi
- 3) Kimathi House Branch - Kimathi House, City Centre, Nairobi
- 4) Koinange Street Branch - Paramount Bank House, Koinange Street, Nairobi
- 5) Mombasa Branch - Jubilee Building, Moi Avenue, Mombasa
- 6) Eldoret Branch - Karims Hardware Building, Oloo Street, Eldoret
- 7) Industrial area Branch - Dar es Salaam Road Nairobi
See also
- List of banks in Kenya
- Central Bank of Kenya
- Economy of Kenya
External links
References
- Directory of Commercial Banks And Mortgage Finance Companies 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, retrieved 5 August 2014^
- The Branches of Paramount Universal Bank Paramount Universal Bank (PUB), retrieved 5 August 2014^