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Bank of India (Kenya)

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Bank of India (Kenya)
Company typePrivate
IndustryFinancial Services
Founded1953
HeadquartersBank of India Building
Kenyatta Avenue
Nairobi, Kenya
Key people
Alok Misra
Group Chairman
R.K. Verma
Managing Director and CEO
ProductsLoans, Checking, Savings, Investments, Debit Cards
Total assetsUS$541 million (KES:51 billion (2014)
WebsiteHomepage

Bank of India (Kenya) Limited (BOIK), commonly referred to as Bank of India (Kenya), is a commercial bank in Kenya, the largest economy in the East African Community. It is one of the commercial banks licensed by the Central Bank of Kenya, the national banking regulator.[1]

Overview

As of May 2015, BOIK is a medium-sized financial services provider in Kenya. Its total assets were valued at approximately US$541 million (KES:51 billion).[2]

History

BOIK received its banking license on 6 May 1953.[1] Its first office opened in Mombasa, the same year. In 1954 it opened its first branch in Nairobi, in the Heritage Building. It plans to increase its footprint to eight branches before 1 July 2015.[2][3]

Bank of India Group

By virtue of its shareholding, BOIK is a member of the Bank of India Group (BOIG), a financial services conglomerate whose shares are listed on the Bombay Stock Exchange. The stock of BOIG is 65.9 percent owned by the Government of India and is one of the five largest banks in India, with over 4,000 branches (30 of them outside India) and over 1,650 automated teller machines. The member companies of BOIG include, but are not limited to, the following:[2][4]

Branches

BOIK maintains branches at the following locations:[6]

  1. Kenyatta Avenue Branch - Bank of India Building, Kenyatta Avenue, Nairobi (Main Branch)
  2. Industrial Area Branch - Unit 1D, Block D, Sameer Industrial Park, Nairobi-Mombasa Road, Nairobi
  3. Mombasa Branch - Bank of India Building, Nkrumah Road, Mombasa
  4. Westlands Branch - Progressive Park Towers, Westlands, Nairobi
  5. Kisumu Branch - First Floor, Tuffoam Plaza, Jomo Kenyatta Highway, Kisumu
  6. Eldoret Branch - Tarita Centre, Ronald Ngala Street, Eldoret
  7. Nakuru Branch - Nakuru
  8. Thika Branch - Thika[2]

See also

References

  1. ^ a b CBK, . (2014). "Directory of Commercial Banks And Mortgage Finance Companies In Kenya" (PDF). Central Bank of Kenya (CBK). Retrieved 16 May 2015. {{cite web}}: |first= has numeric name (help)
  2. ^ a b c d Langat, Patrick (14 May 2015). "Bank of India Opens Shop In Kisumu And Eldoret". Business Daily Africa (Nairobi). Retrieved 16 May 2015.
  3. ^ Mwaniki, Charles (15 April 2013). "Bank of India Targets Major Towns In Expansion Plan". Business Daily Africa (Nairobi). Retrieved 16 May 2015.
  4. ^ Nantaba, Eriosi (1 July 2012). "Bank of India Returns to Uganda". East African Business Week (Kampala) via AllAfrica.com. Retrieved 16 May 2015.
  5. ^ "About Bank of India (Botswana)". Bank of India (Botswana). Retrieved 16 May 2015.
  6. ^ BOIK, . (2015). "List of Branches of Bank of India (Kenya)". Bank of India (Kenya) - (BOIK). Retrieved 16 May 2015. {{cite web}}: |first= has numeric name (help)
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