Paramount Bank has surpassed the Central Bank of Kenya’s (CBK) minimum core capital threshold of Ksh.3 billion well before the December 2025 deadline, marking a key achievement in its growth and regulatory compliance journey.
The milestone followed a successful rights issue that raised Ksh.332 million from existing shareholders, lifting the bank’s core capital to Ksh.3.118 billion as of September 2025. The increase has been formally reported to the CBK in line with regulatory guidelines.
With a stronger capital base, Paramount Bank is positioned to accelerate its expansion, increase lending capacity, and advance digital transformation across its retail, SME, and corporate segments. CEO Ayaz Merali noted that the achievement reflects strong shareholder confidence in the bank’s strategic direction.
“The strengthened capital position enables us to scale up lending, enhance operational resilience, and continue providing innovative financial solutions to our customers,” Merali said.
The capital enhancement supports the bank’s broader strategy, focusing on expanding digital banking and payment solutions, strengthening SME and trade finance support, reinforcing risk and compliance frameworks, and investing in sustainable, inclusive growth initiatives.
Paramount Bank reaffirmed its commitment to Kenya’s economic development through responsible banking, strategic partnerships, and products that empower individuals, businesses, and communities, while remaining aligned with national development priorities and regulatory reforms to strengthen the country’s financial sector stability and competitiveness.
