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Paramount Universal Bank

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

External links

References

  1. Directory of Commercial Banks And Mortgage Finance Companies Central Bank of Kenya, retrieved 5 August 2014^
  2. Kenya Bank Rankings By Assets 2013 Bankelele.Co.Ke, 28 April 2014, retrieved 5 August 2014^
  3. The History of Paramount Universal Bank Paramount Universal Bank (PUB), retrieved 5 August 2014^
  4. Central Bank of Kenya: Mergers or Acquisitions Among Kenyan Commercial Banks - 1989 To 2010 Central Bank of Kenya, retrieved 5 August 2014^
  5. The Branches of Paramount Universal Bank Paramount Universal Bank (PUB), retrieved 5 August 2014^