Paramount Bank surpasses CBK’s Ksh.3B capital requirement ahead of deadline

Paramount Bank has surpassed the Central Bank of Kenya’s (CBK) minimum core capital requirement of Ksh.3 billion well ahead of the December 2025 deadline, marking a significant milestone in its growth and regulatory compliance journey.

The bank achieved this after a successful rights issue that raised Ksh.332 million from existing shareholders, pushing its core capital to Ksh.3.118 billion as of September 2025. The additional capital has been reported to the CBK in line with regulatory guidelines.

With a strengthened capital base, Paramount Bank says it is now better positioned to accelerate its expansion strategy, boost lending capacity and advance digital transformation across its retail, SME and corporate segments.

Chief Executive Officer Ayaz Merali said the milestone 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,” he said.

The capital boost aligns with the bank’s broader strategy, which prioritizes expanding digital banking and payment solutions, enhancing SME and trade finance support, strengthening risk and compliance frameworks, and investing in sustainable, inclusive growth initiatives.

Paramount Bank reiterated its commitment to supporting Kenya’s economic development through responsible banking, partnerships and products that empower individuals, businesses and communities.

The bank added that it remains aligned with national development priorities and regulatory reforms that seek to reinforce stability and competitiveness within Kenya’s financial sector.