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Paramount Bank
Paramount Bank, is a commercial bank in Kenya. It is one of the forty-four commercial banks licensed by the Central Bank of Kenya, the national banking regulator. Paramount Bank is a small retail bank in Kenya. , the bank was ranked number 37, by assets, out of 43 licensed commercial banks in the country. The bank is an active member of the MoneyGram money transfer network. History The bank was established in 1993, as a deposit-taking, non-bank financial institution called Combined Finance Limited. The company's share capital at that time was approximately US$300,000 (KES:25 million). In 1995, after increasing its share capital and following the issuance of a commercial banking license, the company rebranded to Paramount Bank Limited, and began banking operations. In 2000, Paramount Bank merged with Universal Bank Limited to form Paramount Universal Bank. Ownership , Paramount Universal Bank is a privately held company whose owners are not publicly known. Branch network The ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-bank Financial Institution
A non-banking financial institution (NBFI) or non-bank financial company (NBFC) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFC facilitate bank-related financial services, such as investment, risk pooling, contractual savings, and market brokering. Examples of these include insurance firms, pawn shops, cashier's check issuers, check cashing locations, payday lending, currency exchanges, and microloan organizations. Alan Greenspan has identified the role of NBFIs in strengthening an economy, as they provide "multiple alternatives to transform an economy's savings into capital investment which act as backup facilities should the primary form of intermediation fail." The term ''non-bank'' likely started as non-deposit taking banking institution. However, due to financial regulations adopted from English speaking countries, non-English speaking countries took "non-bank" as a s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Nairobi
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Kenya
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Kenya
The Economy of Kenya is a market-based economy with a few state enterprises, it is also an emerging market and an averagely industrialised nation ahead of its East African peers. Kenya is a middle income nation and plans to be a newly industrialised nation in 2030. Major industries include agriculture, forestry, fishing, mining, manufacturing, energy, tourism and financial services. As of 2020, Kenya had the third largest economy in Sub-Saharan Africa, coming behind Nigeria and South Africa. The government of Kenya is generally investment-friendly and has enacted several regulatory reforms to simplify both foreign and local investment, including the creation of an export processing zone. An increasingly significant portion of Kenya's foreign financial inflows are remittances by non-resident Kenyans who work in the United States, the Middle East, Europe and Asia. As of September 2018, economic prospects were positive, with above 6% gross domestic product (GDP) growth expected. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Kenya
This is a list of notable commercial banks in Kenya ; Licensed commercial banks # ABC Bank (Kenya) # Absa Bank Kenya # Access Bank Kenya # Bank of Africa # Bank of Baroda # Bank of India # Citibank # Consolidated Bank of Kenya # Cooperative Bank of Kenya # Credit Bank # Development Bank of Kenya # Diamond Trust Bank # Dubai Islamic Bank # Ecobank Kenya # Equity Bank Kenya # Family Bank # First Community Bank # Guaranty Trust Bank Kenya # Guardian Bank # Gulf African Bank # Habib Bank AG Zurich # Housing Finance Company of Kenya # I&M Bank # Imperial Bank Kenya (In receivership) # Kingdom Bank Limited # Kenya Commercial Bank # Mayfair Bank # Middle East Bank Kenya # M Oriental Bank # National Bank of Kenya # NCBA Bank Kenya # Paramount Universal Bank # Prime Bank (Kenya) # SBM Bank Kenya # Sidian Bank # Spire Bank # Stanbic Holdings Plc # Standard Chartered Kenya # United Bank for Africa # Victoria Commercial Bank ; Representative offices of foreign banks # HDFC Bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eldoret
Eldoret is a principal town in the Rift Valley region of Kenya and serves as the capital of Uasin Gishu County. The town was referred to by white settlers as Farm 64, 64 and colloquially by locals as 'Sisibo'. As per the 2019 Kenya Population and Housing Census, Eldoret is the fifth most populated urban area in the country after Kenya's 4 cities of Nairobi, Mombasa, Kisumu and Nakuru. Lying south of the Cherangani Hills, the local elevation varies from about at the airport to more than in nearby areas. The population was 289,380 in the 2009 Census, and it is currently the fastest growing town in Kenya with 475,716 people according to 2019 National Census. Eldoret was on course to be named Kenya's fourth city, but was edged out by Nakuru in 2021. Etymology The name "Eldoret" is based on the Maasai word "eldore" meaning "stony river"; a reference to the bed of the Sosiani River (a tributary of the Nile), that runs through the city. History Eldoret and the plateau around it h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mombasa
Mombasa ( ; ) is a coastal city in southeastern Kenya along the Indian Ocean. It was the first capital of the British East Africa, before Nairobi was elevated to capital city status. It now serves as the capital of Mombasa County. The town is known as "the white and blue city" in Kenya. It is the country's oldest (circa 900 AD) and second-largest List of cities in Kenya, cityThe World Factbook . Cia.gov. Retrieved on 17 August 2013. after the capital Nairobi, with a population of about 1,208,333 people according to the 2019 census. Its metropolitan region is the second-largest in the country, and has a population of 3,528,940 people. Mombasa's location on the Indian Ocean made it a historical trading centre, and it has been controlled by ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parklands, Nairobi
Parklands is a neighbourhood in the city of Nairobi, the capital and largest city in Kenya. It is divided into numbered avenues. The name arises from the proximity of the area to City Park, Nairobi. Location Parklands is located approximately , by road, north-northwest of the central business district of Nairobi. The coordinates of Parklands are:01 15 36S, 36 49 05E (Latitude:-1.2600; Longitude:36.8180). Overview During Kenya's colonial days, the British demarcated the area as a residential neighbourhood for civil servants. During the 1940s and 1950s Parklands was one of the most congested suburban areas of the Nairobi metropolitan area. In the second decade of the 2000s Parklands is a mixed commercial/residential neighbourhood. The relative availability and comparatively reasonably priced land in the area attracts business and residential real estate development, away from the relative lack and exorbitant pricing of real estate in Nairobi's central business district, to the so ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Westlands
Westlands is an affluent, mixed-use commercial and residential neighbourhood in Nairobi. Location Westlands is located approximately , by road, northwest of the central business district of Nairobi. The geographical coordinates of the neighbourhood are: 01°16'01.0"S, 36°48'42.0"E (Latitude:-1.266944; Longitude:36.811667). Overview Westlands was a residential district during the colonial period which ended in 1963. Then, it housed mainly Kenyan Asians of Indian descent. During the 1990s and early 2000s, as land and office space became scarce and exorbitantly priced in the central business district, more businesses have relocated to Westlands and Upper Hill, where land and office space are more readily available and less expensive. Westlands was initially considered part of the Parklands area and straddled what is now Waiyaki Way, originally the Kenya-Uganda Railway. The area has been nicknamed Westie by the youth of Nairobi. It is nowadays typically inhabited by a signif ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paramount Bank
Paramount Bank, is a commercial bank in Kenya. It is one of the forty-four commercial banks licensed by the Central Bank of Kenya, the national banking regulator. Paramount Bank is a small retail bank in Kenya. , the bank was ranked number 37, by assets, out of 43 licensed commercial banks in the country. The bank is an active member of the MoneyGram money transfer network. History The bank was established in 1993, as a deposit-taking, non-bank financial institution called Combined Finance Limited. The company's share capital at that time was approximately US$300,000 (KES:25 million). In 1995, after increasing its share capital and following the issuance of a commercial banking license, the company rebranded to Paramount Bank Limited, and began banking operations. In 2000, Paramount Bank merged with Universal Bank Limited to form Paramount Universal Bank. Ownership , Paramount Universal Bank is a privately held company whose owners are not publicly known. Branch network The ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MoneyGram
MoneyGram International, Inc. is an American cross-border Peer-to-peer, P2P payments and electronic funds transfer, money transfer company based in the United States with headquarters in Dallas, Dallas, Texas. It has an operations center in St. Louis Park, Minnesota and regional and local offices around the world. MoneyGram businesses are divided into two categories: Global Funds Transfers and Financial Paper Products. The company provides its service to individuals and businesses through a network of agent (law), agents and financial institutions. In 2014, MoneyGram was the second largest provider of money transfers in the world. The company operates in more than 200 countries and territories with a global network of about 347,000 agent offices. History MoneyGram International formed as a result of two businesses merging, Minneapolis-based Travelers Express and Denver-based Integrated Payment Systems Inc. MoneyGram was first established as a subsidiary of Integrated Payment Sy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
