Zenith Bank Plc has officially completed its acquisition of Paramount Bank Kenya Limited, following regulatory approvals in both Nigeria and Kenya.
The transaction, confirmed in a statement by company secretary Michael Osilama Otu, marks a major milestone in Zenith Bank’s expansion into the East African market.
“Further to our publication on November 18, 2025, Zenith Bank Plc is pleased to announce the completion of its acquisition of the entire issued share capital of Paramount Bank Kenya Limited following all requisite regulatory approvals,” the statement said.
The bank said the move strengthens its footprint across sub-Saharan Africa and supports its long-term strategic growth agenda. It also aligns with Zenith Bank’s strategy to follow its customers’ businesses across borders.
“This acquisition reinforces our position as a leading financial institution in the region and marks a significant step into the East African markets,” the statement added.
Zenith Bank emphasised that the completion was contingent on approvals from regulators in both Nigeria and Kenya, all of which have now been secured.
