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A Photo Collage of Zenith Bank PLC and Paramount Bank Limited. PHOTO/ File
News
Zenith Bank Secures Full Acquisition of Paramount Bank After CBK Approval
Juma Nasimiyu Centrine April 9, 2026

The Central Bank of Kenya (CBK) has officially announced the acquisition of a 100 percent shareholding in Paramount Bank Limited (PBL) by Zenith Bank PLC, a leading African financial institution headquartered in Lagos, Nigeria. The move, approved by CBK on March 9, 2026, and subsequently by the Cabinet Secretary, The National Treasury and Economic Planning on March

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A Photo Collage of Zenith Bank PLC and Paramount Bank Limited. PHOTO/ File
News
CAK Approves Zenith–Paramount Bank Merger, Sets Conditions
Blake Otieno January 22, 2026

The Competition Authority of Kenya (CAK) has approved the proposed acquisition of 100 percent shareholding of Paramount Bank Limited by Zenith Bank PLC, subject to strict conditions aimed at safeguarding jobs. The Authority said the approval followed an extensive competition and public interest assessment which found that the transaction is “unlikely to lead to a

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