Paramount Universal Bank

Paramount Universal Bank Limited (PUBL),commonly referred to as 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]

Overview

Paramount Universal Bank is a small retail bank in Kenya, East Africa's largest economy. In December 2013, 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, based in the United States of America.

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, 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]

1. Westlands Branch - Sound Plaza, Woodvale Grove, Westlands, Nairobi Main Branch
2. Parklands Branch - Amani Plaza, 3rd Parklands Avenue, Parklands, Nairobi
3. Kimathi House Branch - Kimathi House, City Centre, Nairobi
4. Koinange Street Branch - Paramount Bank House, Koinange Street, Nairobi
5. Mombasa Branch - Jubilee Building, Moi Avenue, Mombasa
6. Eldoret Branch - Karims Hardware Building, Oloo Street, Eldoret
7. Industrial area Branch - Dar es Salaam Road Nairobi

See also

• List of banks in Kenya
• Central Bank of Kenya
• Economy of Kenya

References

External links

• Website of Paramount Universal Bank
• Website of Central Bank of Kenya

Banks of Kenya Central bank Central Bank of Kenya Commercial bank African Banking Corporation Bank of Africa Barclays Bank Bank of Baroda Bank of India CFC Stanbic Bank Chase Bank Citibank NA Kenya Commercial Bank of Africa Consolidated Bank of Kenya Cooperative Bank of Kenya Credit Bank Development Bank of Kenya Diamond Trust Bank East African Development Bank Ecobank Kenya Equatorial Commercial Bank Equity Bank Family Bank FidelityBank First Community Bank Giro Commercial Bank Guaranty Trust Bank (Kenya) Guardian Bank Gulf African Bank Habib Bank Habib Bank AG Zurich Housing Finance Company of Kenya I&M Bank Limited Imperial Bank Limited Jamii Bora Bank Kenya Commercial Bank K-Rep Bank Middle East Bank Kenya National Bank of Kenya NIC Bank Oriental Commercial Bank Paramount Universal Bank Post Bank Prime bank Standard Chartered Kenya Trans National Bank Kenya United Bank for Africa Victoria Commercial Bank Financial services organization Diamond Trust Bank Group Equity Group Holdings Limited Commercial Bank of Africa Group Guaranty Trust Bank (East Africa) I&M Bank Group Kenya Commercial Bank Group NIC Bank Group Foreign banks Bank of China Bank of Kigali HDFC Bank Nedbank The Hongkong and Shanghai Banking Corporation First Rand Defunct banks Dubai Bank Kenya Euro Bank Microfinance Institutions Faulu Microfinance Bank Limited SMEP Microfinance Bank Kenya Women Microfinance Bank Related Topics Automated Teller Machine (ATM) ATM usage fees De-Materialisation (DEMAT) Foreign Exchange (FOREX) Financial Services Real Time Gross Settlement (RTGS) National Electronic Fund Transfer (NEFT) Structured Financial Messaging System (SFMS)

Subdivisions of Nairobi, Kenya Neighbourhoods Huruma Mathare Ngara Dandora Embakasi Gigiri Kariobangi Karen Kibera Korogocho Lang'ata Eastleigh Highridge Lavington Parklands County Divisions Central Dagoretti Embakasi Kasarani Kibera Makadara Pumwani Westlands