Bank of Africa Kenya Limited (BOA Kenya), is a commercial bank in Kenya. It is one of the commercial banks licensed by Central Bank of Kenya, the country’s central bank and the national banking regulator.

Overview

BOA Kenya is a mid-tier bank and is ranked 15th out of the 42 commercial banks in Kenya by the CBK. The bank provides banking services to corporate, SMEsinvestment groups as well as individuals. As at 31 December 2014, the bank’s total assets were valued at KSh77.08 billion (approx. USD771.18 million), with shareholders’ equity valued at KSh8 billion (approx. USD80.04 million. The bank’s customer base is in excess of 100,000, as of March 2016

History

The Bank traces its roots from Calyon Bank (formally Credit Agricole Indosuez) which was founded in 1981.[5] In April 2004, Groupe Bank of Africa (BOA Group) acquired the operations of Credit Agricole Indosuez in Kenya and incorporated them into its newly formed subsidiary BOA Kenya. This transaction was completed on June 30, 2004.

BOA Kenya has invested in BOA Uganda (52.72%), making it a subsidiary and a 24.1% stake in BOA Tanzania, making it an associate.

Ownership

BOA Kenya is a member of the Mali based Bank of Africa Group. As of December 2013, shareholding in the bank’s stock was as depicted below:

RankName of OwnerPercentage Ownership
1Bank of Africa – Benin*31.34
2Netherlands Development Finance Company (FMO)20.00
3AFH-Ocean Indien SA*14.01
4Bank of Africa Madagascar*11.65
5Bank of Africa Ivory Coast*11.00
6Bank of Africa Group SA10.00
7Agora S.A.*2.00
Total100.00

Note:

BranchPlaza
REINSURANCE PLAZA19000
MOMBASA19001
WESTLANDS19002
UHURU HIGHWAY19003
RIVER ROAD19004
THIKA19005
KISUMU19006
BABA DOGO19007
MONROVIA STREET19008
NGONG ROAD19010
ELDORET19011
EMBAKASI19012
About the Author

Sande Kennedy is the founder and Editor in Chief of SandeKennedy.com & Kenyans247.com He is a Kenyan-based Internetprenuer,blogger Political Activist & informer who has an interest in politics, governance, corporate-fraud and human-interest. Kindly drop me a note if you feel aggrieved on any matter that you would want to be highlighted  WhatsApp: +254791890826 Read More about me here