The Competition Authority of Kenya (CAK) has approved the proposed acquisition of 100% shareholding of Paramount Bank Limited by Zenith Bank PLC, subject to conditions designed to safeguard employment. Employment Protection As part of the approval, CAK directed that Paramount’s 78 employees must be retained for at least 12 months…
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…