A Great Future is built on a Glorious Past.
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%.
During the last 68 years, bank has been able to place itself as a dominant player in the industry with a good public image and customer confidence.
Currently, it enjoys a market share of about 3.00% with an overall ranking of 10th among 42 Banks. Some of the facts of the Bank vis-a-vis Banking Industry in Kenya are provided in the table below;
Bank was able to cross the Kshs.186.15 billion marks of business level in its 68th year with a total deposit at Kshs. 135.00 billion and advances at Kshs. 51.15 billion.
At present, the Bank is operating through 14 branches across the country at strategically located places viz; Nairobi (6 Branches), Mombasa, Kisumu, Eldoret, Nakuru, Kakamega,Thika, Nyali & Meru.
Bank also recently donated Kshs. 20.12 mn to the National Covid – 19 fund to help fight the pandemic in the country.
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), Mpassbook, Debit Card, SMS banking, Mobile banking etc.
Maharaja Sayajirao Gaekwad III
The founder of Bank of Baroda
The bank was founded by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III on
20 July 1908. The bank, along with 13 other major commercial banks of India, was
nationalised on 19 July 1969, by the Government of India and has been designated as a
profit-making public sector undertaking (PSU).