PARAMOUNT UNIVERSAL BANK – Company Kenya

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PARAMOUNT UNIVERSAL BANK

PARAMOUNT UNIVERSAL BANK

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Paramount Bank, is a commercial bank in Kenya. The bank was founded in 1993, as a deposit-taking, non-bank financial institution called Combined Finance Limited. As of December 2013, the bank was ranked number 37, by assets, out of 43 licensed commercial banks in the country. The bank is a diligent member of the MoneyGram money transfer network.
The company’s share capital at that time was approximately US$300,000 (KES:25 million). The bank increased its shares in 1995. It was then granted a commercial banking license and the company was relabeled Paramount Bank Limited, and began banking operations. The unification of Paramount Bank and Universal Bank Limited in 2000 led to the formation Paramount Universal Bank.

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