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Bank of Baroda (Kenya) Limited is regulated by the Central Bank of Kenya
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Financial Results

 

     Quartely Results 2013

     2012 Financial Statements

     2011 Financial Statements

     2010 Financial Statements

 

Rates of Interests

  Service Charges

List Of Correspondent Banks of Bank Of Baroda (Kenya ) Ltd in Other Countries  

S/N

CURRENCY

BANK NAME

ADDRESS

SWIFT CODE

1

USD

BANK OF BARODA -  NEW YORK

BANK OF BARODA, ONE PARK AVENUE, NEW YORK NY 10016, USA

BARBUS33XXX

2

GBP

BANK OF BARODA -  LONDON

BANK OF BARODA,  32, CITY ROAD LONDON EC1Y2BD UNITED KINGDOM

BARBGB2LXXX

3

EUR

BANK OF BARODA -  BRUSSELS

BANK OF BARODA, 28, RUE DE LA LOI 1040, BRUSSELS, BELGIUM

BARBBEBBXXX

4

JPY

BANK OF INDIA - TOKYO

BANK OF INDIA, MARUNOUCHI NAKADORII BUILDING ,     2-2-3 MARUNOUCHI CHIYODA-KU,    JAPAN.

BKIDJPJTXXX

5

AUD

BANK OF BARODA - SYDNEY

BANK OF BARODA    NEW SOUTH WALES ,    LEVEL 7,   AUSTRALIA.

BARBAU2SXXX

6

CAD

BANK OF MONTREAL - TORONTO ONTARIO

BANK OF MONTREAL , 1ST CANADIAN PLACE, IFI GROUP, 24TH FLOOR, TORONTO, ON  M5X 1A1, CANADA.

BOFMCAT2XXX

7

CHF

UNION BANK OF SWITZERLAND

UBS AG    45 BAHNHOFSTRASSE,    SWITZERLAND, ZURICH

UBSWCHZHXXX

8

INR

BANK OF BARODA - MUMBAI MAIN OFFICE

BANK OF BARODA ,   BANK OF BARODA BLDG ,    NEAR HORNIMAN CIRCLE ,    10/12 MUMBAI SAMACHAR MARG, INDIA

BARBINBBXXX

9

ZAR

BANK OF BARODA -  DURBAN

COWEY PARK  91/121 COWEY ROAD BEREA, DURBAN 4001 REPUBLIC OF SOUTH AFRICA

BARBZAJJXXX

Brief history           

14th December 1953 was a historic day for India’s International Bank, Bank of Baroda.  Bank of Baroda, India started its glorious journey of its Overseas Operations on this day by opening a branch at Makadara Road, Mombasa in Kenya.

Later, on 03rd October 1959, another branch was opened at Digo Road in Mombasa. Subsequently, in 2002 Makadara Branch was merged with Digo Road Branch, Mombasa.

On 21st January 1992 the subsidiary, Bank of Baroda (Kenya) Ltd was incorporated with 86.70% shareholding of the Bank of Baroda, India and 43 local shareholders constitute the remaining 13.3%.

As on 31st December 2012, Bank of Baroda (Kenya) Ltd. has an authorised Capital of Kenya Shillings (Kshs.) 2,000 million with subscribed and paid up capitals of Kshs. 900 million respectively. Bank of Baroda, India is contributing a capital of Kshs. 858 million.

Bank is offering all the Banking services to its customers, enabled with transaction based banking- Internet Banking, RTGS (Domestic) & ready to offer  cross border RTGS among East African Countries through East African Payment System (EAPS).

Achievement during the last 60 years

During the last 60 years, bank has been able to place itself as a dominant player in the industrywith a good public image and customer confidence.

Currently, it enjoys a market share of 2.25% with aoverall ranking of 14 among 43 Banks. Some of the facts of the Bank vis-a-vis Banking Industry in Kenya are provided in the table below;

                                                                                                   [Amount_ Kshs._ Billion]

S/N

Parameters

Sector

Year ended 2010

Year ended 2011

Year ended 2012

1

Deposits

Banking Sector

1,263.70

1,541.80

1,761.10

Bank of Baroda (K) Ltd

25.60

30.26

38.38

Market share of “Baroda”

2.0%

2.0%

2.20%

2

Gross Loans & Advances

Banking Sector

925.60

1,205.50

1,361.30

Bank of Baroda (K) Ltd

13.83

19.74

22.35

Market share of “Baroda”

1.50%

1.60%

1.60%

3

Total Business

Banking Sector

2,201.60

2,747.30

3,122.40

Bank of Baroda (K) Ltd

39.43

50.00

60.74

Market share of “Baroda”

1.80%

1.80%

1.90%

4

Aggregate Balancesheet

Banking Sector

1,692.60

2,046.30

2,354.00

Bank of Baroda (K) Ltd

32.33

36.70

46.14

Market share of “Baroda”

1.90%

1.80%

2.0%

5

Capital Adequacy

Banking Sector

20.80%

19.40%

21.90%

Bank of Baroda (K) Ltd

23.60%

21.40%

23.50%

6

Gross NPAs to Gross Loans

Banking Sector

6.20%

4.40%

4.50%

Bank of Baroda (K) Ltd

3.70%

3.30%

2.60%

7

Net NPAs to Gross Loans

Banking Sector

2.20%

1.50%

1.50%

Bank of Baroda (K) Ltd

0.90%

0.30%

0.70%

 An overall “Strong” rating has been assigned to the Bank for last three years by the regulator (Central Bank of Kenya).

Bank has also the distinction of opening the “First All Women Employee” branch at Nyali in the year 2012, which is also the First All Women Employee Branch. 

Bank was able to cross the Kshs. 65 billion marks of business level in its 60th year with a total deposits at Kshs. 41.87 billion and advances at Kshs. 24.06 billion.

At present, the Bank is operating through 10 branches across the country at strategically located places viz; Nairobi, Mombasa, Kisumu, Eldoret, Nakuru, Kakamega & Thika.

Bank’s contribution in the Kenya’s Economic and Social Development

Historically, In Kenya Industry & Manufacuring Sectors contribute little towards overall economic development, which is presently only 16% of GDP. This exerts pressure on Current Account Deficit of the country due to higher imports of goods.

Since the opening of branch in Kenya, Bank is contributing in a big way towards socio-economic upliftment of the country over the years. The ten operational units are committed to deliver in all the vital sectors of the economy particularly a significant contribution has been made by the Bank (through lending) in Manufacuring & Trading sectors. More than 50% lending of the Bank is towards these sectors.                                                   

                                                                                 [Bank’s percentage lending to various sectors]

Sector

Year

2010

2011

2012

Nov 2013

Agriculture

3.24%

3.32%

3.11%

2.65%

Manufacturing

26.82%

30.49%

27.81%

25.18%

Building & Construction

5.24%

6.86%

8.80%

12.20%

Mining & Quarrying

0.81%

0.78%

1.16%

2.17%

Energy & Water

0.72%

0.50%

0.42%

0.35%

Trade

26.17%

25.41%

28.44%

29.06%

Tourism, Restaurant & Hotels

7.03%

7.13%

5.23%

4.43%

Transport & Communication

7.18%

5.44%

7.70%

5.70%

Real Estate

17.88%

16.91%

14.48%

15.36%

Financial Services

0.15%

0.33%

0.28%

0.22%

Social, Community & Personal Households

4.85%

2.92%

2.92%

2.68%

Total

100%

100%

100%

100%

Beyond Banking

Bank is not only confined to the traditional way of doing Banking, but is also fostering to play active role in discharging the Corporate Social Responsibilities (CSR) in an effective manner with the philosophy of “give back to society”.

Bank has ensured over the years to serve the social cause by contributing its share towards many philanthropic activities to the advantage of the deprived section of people. Donations to the Kenya Red Cross Society for serving the poorer in indirect way, donations of Wheel chairs through Kenya Womens Society, donations to Oloose Girls Secondary School for purchase of books, computers, water tanks etc as direct participation are few among the initiatives taken by the Bank from time to time.

Recently, 60 trees were planted in Karura Forest, Nairobi to save the Ecology on the eve of Bank’s 60th anniversary celebration in Kenya.   The Bank is still committed to increase the participations in such activities in the days to come. 

Awards and Accolades

The performance of the Bank has been acknowlegded by the Industry from time to time. Table below depicts the same;

Winner in the Category

Awards by- Think Business

For the Year

Most Efficient Bank – 1st position

Banking Awards 2011

2010

Most efficient Bank -2nd position

Banking Awards 2012

2011

  1. Best Bank in Kenya (Tier III)
  2. Most Efficient Bank -3rd position
  3. Most Efficient Bank -1st Runner Up
  4. Best Bank in Kenya Tier II (2nd Runner Up)

Banking Awards 2013

2012

 

Banking Awards 2014 (East Africa)

2013

Board ofdirectors

Regislation office

Company Secretary

Auditors

Legal Advisors

Principal offices

Branch Heads

Correspondent Banks