Bank of Baroda Clarifies Reports of Closing Down Operations in Kenya

Bank of Baroda (Kenya) Limited has dismissed social media reports claiming that it is closing down its operations in Kenya. 

In a statement on Friday, September 18, the bank refuted the reports, describing them as false and misleading.

The bank assured its customers, employees, business partners and members of the public that it continues to operate normally in the country.

“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.

“The Bank continues to operate normally in Kenya and remains fully committed to serving its customers and supporting businesses and households across the country,” read the statement. 

Established in Kenya in 1953, the Bank of Baroda said it is among the longest continuously operating banks in the country and has served Kenyan customers for over 70 years.

The bank also said its latest regulatory disclosures reflect a strong capital position, growth in its loan book and a stable balance sheet, which it said underscore its financial strength and resilience in Kenya.

“The Bank remains focused on prudent risk management, regulatory compliance, sound governance and sustainable business growth, while continuing to strengthen its relationships with customers and other stakeholders,” the statement added. 

Further, the lender urged its customers and stakeholders to rely only on official communications issued by the bank and relevant regulatory authorities for accurate and verified information.

“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 stated. 

The clarification comes days after the High Court issued a warrant to recover nearly Ksh.2.9 billion owed to Infinity Industrial Park Limited by the bank. 

The court directed Moran Auctioneers to attach movable property belonging to the bank unless the amount due, together with attachment costs, is paid.

Further, the auctioneers were directed to report back to the court by October 15, 2026, and explain how the warrant was executed or why it could not be executed.