Paramount Bank Surpasses CBK’s KES 3 Billion Core Capital Requirement Ahead of Deadline

Paramount Bank has officially surpassed the Central Bank of Kenya’s (CBK) minimum core capital requirement of KES 3 billion, marking a major milestone in the bank’s growth and regulatory compliance agenda well ahead of the December 2025 deadline.

The achievement follows a successful rights issue that raised KES 332 million from existing shareholders, reinforcing confidence in the bank’s strategic direction, financial stability, and long-term growth prospects. The core capital as at September 2025 stood at KES 3.118 billion. The capital raise has been duly reported to the CBK in line with regulatory requirements.

With an enhanced capital base, Paramount Bank is now better positioned to accelerate its expansion strategy, support larger lending portfolios, strengthen digital transformation initiatives, and enhance customer-centric products across retail, SME, and corporate segments.

“This milestone reflects the confidence our shareholders have in Paramount Bank’s strategic vision and our ability to deliver sustainable value whilst meeting all statutory requirements. The strengthened capital position enables us to scale up lending, enhance operational resilience, and continue providing innovative financial solutions to our customers,” said Mr. Ayaz Merali, Chief Executive Officer, Paramount Bank.

The bank reaffirmed its commitment to supporting Kenya’s economic development through responsible banking, risk-aligned growth, and partnerships that empower individuals, businesses, and communities.

This capital raise forms part of the bank’s broader strategic plan, which focuses on:

• Expanding digital banking capabilities and payment solutions
• Strengthening SME and trade financing support
• Enhancing risk and compliance frameworks
• Investing in sustainable and inclusive growth initiatives

Paramount Bank continues to align its operations with national development priorities and regulatory reforms aimed at strengthening Kenya’s financial sector.

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