Bank of Baroda (Kenya) Limited has issued a public statement refuting reports circulating about the alleged shutdown of its operations in the country, describing the claims as “false and misleading”. The bank released the clarification to reassure customers, employees, and business partners that its branches continue to function normally and that its full range of banking services remains available to both households and corporate clients. “Bank of Baroda (Kenya) Limited wishes to clarify that reports circulating regarding the alleged closure of the Bank’s operations in Kenya are false and misleading. Customers, employees, business partners and members of the public are advised not to rely on such unverified information.”Bank of Baroda’s History and Current Standing Established in Kenya in 1953, Bank of Baroda is among the longest-serving financial institutions in the country, having operated continuously for over 70 years. Management used the clarification as an opportunity to reaffirm the bank’s long-standing presence and its enduring commitment to the Kenyan economy. The statement also addressed the bank’s financial position, noting that its latest regulatory disclosures reflect a strong capital base, a stable balance sheet, and considerable growth in its loan portfolio. The institution further reported robust year-on-year profitability, which management said demonstrates its underlying financial health amid a difficult operating environment for the broader banking sector.
Bank Urges Public to Rely on Official Channels Executives stressed that the bank’s operations are guided by prudent risk management, regulatory compliance, and sound governance practices. “Bank of Baroda (Kenya) Limited remains firmly committed to the Kenyan market and continues to focus on serving its customers and supporting the country’s economic development,” the bank said in its statement. The institution urged all stakeholders, including customers and business partners, to seek information exclusively from its official communication channels and relevant regulatory authorities rather than relying on unverified sources. What did the court say about Bank of Baroda? The High Court in Kenya ordered the bank to pay KSh 2.9 billion in a long-running dispute involving the Kenya Industrial Estates and the stalled Nairobi Industrial Park project. The court found the bank liable for failing to honour its obligations under a financial arrangement tied to the project, which had been intended to boost industrial development. The ruling brought an end to a case that had dragged on for years, with the judge faulting the bank for its role in the collapse of the financing deal.
