Paramount Bank Exceeds CBK’s Ksh.3B Capital Requirement Ahead of Deadline
The milestone follows a successful rights issue that raised Ksh.332 million from existing shareholders, signaling strong confidence in the bank’s strategic direction, according to Chief Executive Officer Ayaz Merali
Paramount Bank has surpassed the Central Bank of Kenya’s (CBK) minimum core capital requirement of Ksh.3 billion, achieving Ksh.3.118 billion as of September 2025 well ahead of the December deadline
The milestone follows a successful rights issue that raised Ksh.332 million from existing shareholders, signaling strong confidence in the bank’s strategic direction, according to Chief Executive Officer Ayaz Merali
“The strengthened capital position enables us to scale up lending, enhance operational resilience, and continue providing innovative financial solutions to our customers,” Merali said
With the enhanced capital base, Paramount Bank plans to accelerate its expansion, boost lending capacity, and advance digital transformation across retail, SME, and corporate segments
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The move aligns with the bank’s broader strategy to expand digital banking, enhance SME and trade finance support, strengthen risk and compliance frameworks, and invest in sustainable, inclusive growth initiatives
Paramount Bank emphasized its continued commitment to Kenya’s economic development through responsible banking and strategic partnerships, ensuring alignment with national development priorities and regulatory reforms aimed at reinforcing stability and competitiveness in the financial sector
Writer : Mweru Mbugua
