Paramount Universal Bank
Company type | Private company |
---|---|
Industry | Financial services |
Founded | 1993 (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.
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
As of August 2014[update], 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]
- 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
References
- ^ "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.
External links
- Website of Paramount Universal Bank
- Website of Central Bank of Kenya
- v
- t
- e
- Absa Bank
- Access Bank Kenya
- African Banking Corporation
- Bank of Africa
- Bank of Baroda
- Bank of India
- CIB Kenya
- Citibank NA Kenya
- Consolidated Bank of Kenya
- Cooperative Bank of Kenya
- Credit Bank
- Development Bank of Kenya
- Diamond Trust Bank
- East African Development Bank
- Ecobank Kenya
- Equity Bank
- Family Bank
- Guaranty Trust Bank
- Guardian Bank
- Gulf African Bank
- Habib Bank AG Zurich
- Housing Finance Company of Kenya
- I&M Bank
- Kingdom Bank Limited
- Kenya Commercial Bank
- Middle East Bank Kenya
- M-Oriental Bank
- National Bank of Kenya
- NCBA Bank
- Paramount Universal Bank
- Post Bank
- Premier Bank
- Prime bank
- SBM Bank Kenya
- Sidian Bank
- Stanbic Bank
- Standard Chartered Kenya
- United Bank for Africa
- Victoria Commercial Bank