[2] The bank is an active member of the MoneyGram money transfer network.
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).
[3][4] As of August 2014[update], Paramount Universal Bank is a privately held company whose owners are not publicly known.
The bank maintains a network of branches at the following locations, as of January 2015:[5]