Zenith Bank acquires Paramount Bank

Zenith Bank agreed to acquire Paramount Bank. Reported deal value: Undisclosed. Status: Pending. Sector: Banking. Target headquarters context: Nairobi, Nairobi Area, Kenya.

This page summarizes publicly available information about the transaction as of 2026-01-22. Figures and status may change as filings and press coverage update.

Analysis Share Nigerian banks are accelerating their push into Nairobi as rising capital thresholds across Africa force smaller lenders to consolidate, with Zenith Bank Plc proposed takeover of Paramount Bank Limited showing how surplus capital raised in Lagos is being redeployed to secure banking licenses in East Africa largest financial hub