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 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 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.
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]
As of August 2014 [update], Paramount Universal Bank is a privately held company whose owners are not publicly known.
The bank maintains a network of branches at the following locations, as of January 2015: [5]
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 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 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.
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]
As of August 2014 [update], Paramount Universal Bank is a privately held company whose owners are not publicly known.
The bank maintains a network of branches at the following locations, as of January 2015: [5]