Bank of Baroda Kenya Denies Reports of Planned Shutdown
Bank of Baroda Kenya has rejected reports of an impending shutdown, reaffirming that its banking operations remain active as attention grows around a separate court dispute involving the lender.
Bank of Baroda (Kenya) Limited has rejected reports that it is closing its operations in Kenya, saying the information circulating about an alleged shutdown is false and misleading.
The bank issued the clarification on Friday, September 18, asking customers, employees, business partners, and members of the public not to rely on unverified reports about its operations. It said the bank continues to operate normally in Kenya.
The statement comes days after a court enforcement order against the lender drew attention to its position in the Kenyan market. The High Court had authorized the attachment of the bank’s movable assets in connection with a commercial dispute involving Infinity Industrial Park.
Why the Bank Issued the Clarification
The timing of the statement is significant because the closure reports appeared as the court dispute was gaining wider attention.
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Bank of Baroda did not announce any withdrawal from Kenya in its statement. Instead, it directly addressed the reports and said stakeholders should distinguish verified information from claims circulating outside its official communication channels.
The bank also pointed customers and other stakeholders towards communications from the institution and relevant regulatory authorities when seeking confirmation about its operations.
Bank Maintains Its Kenyan Operations
Bank of Baroda said its business in Kenya remains active and that it continues to serve customers and support businesses and households across the country.
The lender has maintained a presence in Kenya since 1953, giving it more than seven decades of operating history in the market. In its statement, the bank reaffirmed its commitment to Kenya rather than indicating any plan to leave the country.
Court Dispute Remains Separate
The closure reports should also be separated from the legal dispute involving Infinity Industrial Park.
The High Court proceedings concern a commercial claim against Bank of Baroda and the enforcement of a judgment. The September 15 warrant authorised Moran Auctioneers to attach sufficient movable property to recover the amount covered by the court order if it remains unpaid.
Bank of Baroda’s September 18 statement does not say that the legal proceedings have been resolved. Its message is narrower: reports that the bank is closing its Kenyan operations are not true.
For customers and businesses dealing with the lender, that distinction is important. The court dispute is a legal matter, while the alleged shutdown is a separate claim that the bank has now publicly rejected.
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