VISION:

TO BE THE MOST RESPECTED AND PREFERRED MID SIZE BANK, STRIVING TO ENHANCE STAKEHOLDERS' VALUE WITH CARE, CONCERN AND COMPETENCE.

MISSION:

TO MAXIMISE CUSTOMER SATISFACTION THROUGH WELL TRAINED STAFF AND STRIVE TO ESTABLISH A MUTUALLY BENEFICIAL AND LONGTERM BUSINESS RELATIONSHIP.

 

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 2017, Bank of Baroda (Kenya) Ltd. has an authorized Capital of Kenya Shillings (Kshs.) 16,909 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), Mpassbook, Debit Card, SMS banking etc.

Achievement during the last 60 years

During the last 65 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 2.90% with an overall 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; 

Bank was able to cross the Kshs. 117 billion marks of business level in its 65th year with a total deposits at Kshs. 73 billion and advances at Kshs. 43.94 billion.

At present, the Bank is operating through 13 branches across the country at strategically located places viz; Nairobi (5 Branches), Mombasa, Kisumu, Eldoret, Nakuru, Kakamega,Thika, Nyali & Meru.

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.                                                   

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, 60 trees were planted in Karura Forest, Nairobi to save the Ecology on the eve of Bank’s 60th anniversary celebration in Kenya as direct participation are few among the initiatives taken by the Bank from time to time.

Recently Bank Distributed Wall clocks to different Places and charitable institutions, The Bank is still committed to increase the participation in such activities in the days to come. 

Awards and Accolades

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

Winner in the Category

Awards by- Think Business

  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

  1. Most Efficient Bank -1st Position
  2. Best Bank in Kenya Tier II(2nd Runner Up)

Banking Awards 2014(East Africa)

  1. Most Efficient Bank -Winner

 Banking Awards 2015

 
  1. Most Efficient Bank -Winner

 Banking Awards 2016

  1. Most Efficient Bank -1st Runner Up

Banking Awards 2018

  1. Most Efficient Bank -1st Runner Up

 Banking Awards 2018

  1. Most Efficient Bank -1st Position
  2. Best Bank in Kenya Tier II(Winner)

 Banking Awards 2019