Zenith Bank Expands into Kenya with Paramount Bank Acquisition

Nigeria’s second-largest bank by assets, Zenith Bank Plc, is making its move into East Africa with a planned acquisition of Kenya’s Paramount Bank. The acquisition is expected to complete in January 2026, pending regulatory approval from the Central Bank of Nigeria (CBN) and the Central Bank of Kenya (CBK). This strategic move marks Zenith Bank’s entry into the Kenyan market for the first time.