Kenya: Nigeria's Zenith Bank Acquires Paramount Bank in CBK-Approved Deal

Kenya: Nigeria's Zenith Bank Acquires Paramount Bank in CBK-Approved Deal

Nairobi -- Nigeria's Zenith Bank Plc has completed the acquisition of 100 percent shareholding in Paramount Bank Limited, following regulatory approvals.

Zenith Bank Breaks into East Africa with Kenya Acquisition

Nigeria’s Zenith Bank PLC has formally entered the Kenyan financial market after completing the full acquisition of Paramount Bank Limited, marking a significant milestone in the lender’s pan-African expansion strategy. In a statement released on 7 April 2026, the Lagos-based bank confirmed that it had acquired 100 percent of Paramount Bank’s issued share capital following approvals from regulators in both Nigeria and Kenya. The deal, first anno…

Nigeria’s Zenith Bank Acquires Kenya’s Paramount Bank as Profits Hit ₦1.04 Trillion

Nigeria’s Zenith Bank has acquired 100 percent of Kenya’s Paramount Bank following approvals from the Central Bank of Kenya and the National Treasury, marking the Nigerian lender’s entry into the Kenyan banking market.

Nigerian 2nd Largest Bank Zenith Acquires Kenyan Lender

Zenith Bank PLC's acquisition of Paramount Bank Limited gets the green light from Kenya's Competition Authority, addressing employment concerns and competition.

Nigeria's Zenith Bank completes 100% acquisition of Paramount Bank in Kenya after regulatory clearances

Zenith Bank has completed the acquisition of Paramount Bank Kenya Limited, marking its entry into the East African market and strengthening its regional presence.