Zenith Bank Approved for Full Takeover of Paramount Bank in Kenya, Expands East Africa Reach

Zenith Bank (NGX: ZENITHBANK), a Nigerian financial institution, has been granted regulatory approval in Kenya to complete the acquisition of Paramount Bank. This move is set to strengthen Zenith's footprint in East Africa's banking sector.

The acquisition signifies Zenith's strategic expansion plans and commitment to growing its operations beyond Nigeria. Paramount Bank, based in Kenya, will now operate under the Zenith brand, enabling the Nigerian bank to tap into the East African market more effectively.