As the regulator for the banking sector, Central Bank is pleased to be associated with the achievements of the banks we regulate, particularly where these developments lead to increased access to banking services for the Kenyan public. In this regard, Bank of India, Kenya certainly has made its mark on the Kenyan market.
Ladies and gentlemen: Bank of India, Kenya Branch, was established in Mombasa in 1953, it has four branches. With regard to its performance, I note that as at February 2013, the bank had a total asset base of Ksh.27 billion. Net Loans and Advances stood at Ksh.11.5 billion while customer deposits were Ksh.20.8 billion, supported by a core capital base of Ksh.3.9 billion.