By Bank of Baroda (Kenya) Limited said it continues to operate normally in Kenya, rejecting reports that it was closing its operations and advising customers to rely on official communications for information about the bank.
In a clarification circulated publicly, the bank said reports alleging the closure of its Kenyan operations were “false and misleading” and urged customers, employees, business partners and members of the public not to rely on unverified information.
The statement comes as the bank faces legal proceedings in Kenya involving a Sh2.996 billion judgment in favour of Infinity Industrial Park Limited, with the High Court issuing a warrant allowing the attachment of the lender’s movable assets to recover the amount.
The legal dispute has contributed to increased attention around the bank in recent weeks, but the court proceedings do not amount to an order closing Bank of Baroda’s banking operations in Kenya.
The bank said it remains committed to serving customers and supporting businesses and households across the country.
“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 statement said.
Bank of Baroda Kenya said its latest regulatory disclosures showed a strong capital position, growth in its loan book and a stable balance sheet.
It also said it had recorded strong year-on-year profitability, which it described as evidence of the institution’s financial strength and resilience.
Bank of Baroda’s Kenyan operations are subject to regulation by the Central Bank of Kenya. The regulator’s July 2026 directory of licensed commercial banks lists Bank of Baroda (Kenya) Limited as a medium-sized commercial bank, licensed since July 1, 1953. The directory lists 15 branches.
The bank’s own website says its Kenyan operation began in December 1953, when Bank of Baroda opened its first overseas branch on Makadara Road in Mombasa. It says the institution has operated in Kenya for seven decades.
The Central Bank of Kenya also identifies Bank of Baroda Kenya among foreign-owned institutions that are locally incorporated.
The clarification comes days after the High Court moved the bank’s dispute with Infinity Industrial Park into an enforcement phase.
On Sept. 15, the High Court issued a warrant directing Moran Auctioneers to attach Bank of Baroda’s movable and attachable property to recover Sh2,996,003,000.
The amount comprises the Sh2.996 billion judgment together with additional costs and collection fees, according to the court warrant reported by Kenyan media.
The judgment arose from a commercial dispute between the bank and Infinity Industrial Park concerning the development of an industrial project along Nairobi’s Eastern Bypass.
According to court reporting, Bank of Baroda had provided Infinity with a loan facility of about Sh1.977 billion in 2019 to finance the industrial park. Infinity later sued the bank, alleging that issues involving the release of land and related financing affected the development of the project.
The bank disputed aspects of Infinity’s claims and subsequently sought to have a default judgment against it set aside.
On July 31, Justice Peter Mulwa dismissed the bank’s application to set aside the judgment. Court records show that the bank had entered appearance and had been given an opportunity to file its defence but did not comply with the court’s timeline.
The bank has since returned to court seeking a review of that decision. Business Daily reported on Sept. 10 that the lender was challenging the ruling that left it facing the Sh2.99 billion judgment.
The distinction between the court proceedings and the bank’s operating status is significant.
The Sept. 15 warrant concerns enforcement of a monetary judgment arising from the commercial dispute. It authorises the attachment and possible sale of movable property to recover the judgment debt.
It does not, by itself, direct the closure of Bank of Baroda Kenya’s branches or terminate its banking licence.
The bank’s latest clarification therefore addresses a separate issue: reports circulating that the institution had stopped or was about to stop operating in Kenya.
Bank of Baroda said it remains focused on “prudent risk management, regulatory compliance, sound governance and sustainable business growth”.
It also advised customers and other stakeholders to obtain information from official communications issued by Bank of Baroda Kenya and relevant regulatory authorities.
The bank’s website continues to list banking services for individuals and businesses, while its corporate information describes Bank of Baroda Kenya as a Kenyan-incorporated banking institution operating under the Banking Act.
Bank of Baroda Kenya’s history dates back to 1953, when its parent institution established its first Kenyan branch in Mombasa. The Kenyan subsidiary was incorporated in 1992.
