Paramount Bank has grown to become a trusted name in Kenya’s banking sector since its establishment in 1993. Initially founded as a non-banking financial institution, the bank transitioned into a full-fledged commercial bank after obtaining its license from the Central Bank of Kenya (CBK) on July 5, 1995. Paramount Bank is particularly recognized for its strong support of small and medium-sized enterprises (SMEs), playing a pivotal role in facilitating their growth through affordable financing solutions.
In recent years, the bank’s commitment to customer service has not gone unnoticed. At the prestigious Think Business Banking Awards, Paramount Bank was celebrated as the Best Bank in Customer Satisfaction and was also ranked the second-best bank for having the lowest tariffs for SMEs. With a strong focus on empowering businesses and maintaining a customer-first approach, Paramount Bank has positioned itself as a go-to financial partner for many entrepreneurs.
The bank’s headquarters is located in Westlands, Nairobi, but its influence extends across the city through various branches, all strategically positioned to offer convenience and accessibility to customers. Below is a detailed list of Paramount Bank’s branches in Nairobi, including their locations and contact information.
Paramount Bank Branches in Nairobi
1. Paramount Bank Head Office
- Location: Sound Plaza – 4th Floor, Woodvale Grove, Westlands, Nairobi
- Contacts:
- Phone: +254 20 4449266
- Mobile: +254 709 935000, +254 723 564254
The headquarters of Paramount Bank is based at Sound Plaza, one of the most prestigious buildings in Westlands. This branch handles corporate banking, executive banking services, and serves as the administrative center for the bank’s operations.
2. Westlands Branch
- Location: Sound Plaza – Ground Floor, Woodvale Grove, Westlands
- Contacts:
- Mobile: +254 723 564254, +254 734 258020
Situated on the ground floor of Sound Plaza, the Westlands branch caters to a wide array of clients, ranging from SMEs to personal account holders. Its prime location makes it accessible for those in Nairobi’s business hub.
3. Parklands Branch
- Location: Diamond Plaza, New Wing – Ground Floor, Masari Road, Highridge
- Contacts:
- Mobile: +254 724 255325, +254 733 600119
Parklands, a neighborhood with a significant business and residential population, is home to this branch. Located in the iconic Diamond Plaza, the Parklands branch offers services to individuals and businesses alike.
4. Koinange Branch
- Location: Cianda House – Ground Floor, Koinange Street, City Centre
- Contacts:
- Phone: +254 20 2215468
- Mobile: +254 732 445508
The Koinange branch is strategically placed in the heart of Nairobi’s central business district, opposite its former location. It serves a diverse clientele, including professionals and businesses operating in Nairobi’s bustling CBD.
5. Industrial Area Branch
- Location: Ambaji House – Ground Floor, Dar es Salam Road, Industrial Area
- Contacts:
- Mobile: +254 723 564254, +254 734 258020
Located in Nairobi’s Industrial Area, this branch caters to businesses involved in manufacturing, logistics, and other industrial operations. Its location on Dar es Salaam Road ensures accessibility to enterprises in one of Nairobi’s key economic zones.
Paramount Bank’s Commitment to SMEs and Customer Satisfaction
Paramount Bank’s focus on SMEs has earned it a reputation as one of the most SME-friendly banks in Kenya. The institution provides a wide range of products tailored to meet the financial needs of small and medium enterprises, including working capital loans, overdrafts, and trade finance solutions. The bank’s recent recognition at the Think Business Banking Awards is a testament to its role in nurturing this critical segment of the economy.
Furthermore, the bank’s dedication to maintaining competitive tariffs for SMEs ensures that businesses can thrive without being burdened by exorbitant fees. This aligns with the bank’s overarching mission of empowering Kenya’s entrepreneurial community through affordable, flexible financial solutions.
Paramount Bank’s Future Plans and Expansion
As Kenya’s banking landscape continues to evolve, Paramount Bank has expressed its commitment to further expansion and enhancement of its services. With Nairobi being a key economic hub, the bank has strategically placed its branches in areas that ensure optimal customer reach. Plans for further expansion are driven by the bank’s vision to continue supporting its diverse clientele while embracing modern banking technologies such as mobile banking and digital platforms.
Paramount Bank’s branches in Nairobi provide customers with convenient access to its comprehensive banking services. From personal banking to corporate banking solutions, the bank’s widespread presence across key locations in the city ensures that customers’ financial needs are met efficiently. With a continued focus on customer satisfaction and affordable banking for SMEs, Paramount Bank remains a trusted financial partner in Kenya.
For more information or inquiries about their services, reach out to any of the branches listed above.
