The subsidiary was inaugurated by BoB Chairman and Managing Director, A K Khandelwal, in the presence of J S Sapra, India's High Commissioner to that country.

 

Bank of Baroda announces the opening its Bank in Trinidad & Tobago

Port of Spain, Oct. 22, 2007
Rana Partap Singh

Bank of Baroda has pleasure in announcing the opening of its wholly owned subsidiary in Trinidad & Tobago at Port of Spain. Dr. Anil K. Khandelwal, Chairman & Managing Director of the Bank, inaugurated the subsidiary, today. H.E. Mr. J.S. Sapra, High Commissioner of India to Trinidad & Tobago was the Guest of Honour. Mr. Enill Conrad, Hon'ble Minister of Finance, Govt of Trinidad & Tobago also graced the occasion. The other dignitaries present were Mr. Kenneth Valley,Trade and Commerce Minister, Mrs. Joan John-Deputy Governor, Mr. Barry Sinanan- Speaker of the House and many of the top Corporate Clients, Bureaucrats, CEO's. With this office, Bank's global footprints now extend to 65 overseas offices in 23 countries spread over all the continents.

Bank of Baroda (Trinidad & Tobago) shall offer full range of banking products and services to its customers including Personal banking, Global Trade finance, SME financing, Wholesale banking, Remittances, NRI services etc. The subsidiary is equipped with state of the art technology and shall be connected through CBS Platform besides offering facility of Alternate e- channels to ensure customer convenience and comfort. Opening of this subsidiary with full service banking operations is expected to facilitate channelizing of investment and co-operation between India and Trinidad & Tobago in a significant way.

Trinidad & Tobago is a land of beautiful beaches, sand & sea and flora & fauna. People of Trinidad & Tobago are also known for their passion for cricket. Besides, it is one of the most prosperous countries in the Caribbean on account of its rich resources such as oil, petroleum and natural gas. Tourism is also a growing sector of its economy.

Bank of Baroda with its wide experience in International banking and presence in world's major financial centers such as London, Brussels, New York, Dubai, Hong Kong & Singapore shall give its customers global reach and connectivity. Moreover, its long presence in Guyana, Bahamas, and USA, shall also help to contribute in the development of Trinidad & Tobago besides promoting the regional synergy of its operations and providing benefits to its customers through integrated network and efficient delivery model.

Ref: S.P.Bhanot, Dy. General Manager, (International Operations) Date: 17.10.2007

 

 

 

 

 

• It has significant international presence with a network of 62 offices in 21 countries including 42 branches of the Bank, 17 branches of its six Subsidiaries and three Representative Offices in Malaysia, China & Thailand. The Bank also has one Joint Venture in Zambia with 9 branches.
• The Bank has presence in world’s major financial centers i.e. New York, London, Dubai, Hong Kong, Brussels and Singapore.
• The "round the clock around the globe", Bank of Baroda is further in the process of identifying/opening more overseas centers for increasing its global presence to serve its 29 million global customers in still better way.
• The Bank has recently upgraded its operations in Hong Kong on 2nd April 2007 and now offers full banking service through its two branches at Central and Tsim Sha Tsui. It would also be upgrading its operations to full banking service in China and through JV in Malaysia shortly.
• The Bank has plans to open new offices in Trinidad & Tobago, Australia and Ghana for which permissions / in principle approvals from host country regulators have been received. It is also in process of establishing offices in Canada, New Zealand, Isle of Man, Sri Lanka, Qatar, Bahrain, Saudi Arabia, Mozambique, Russia etc. Besides this, it has plans to extend its reach in existing countries of operations in UK, UAE, South Africa, Tanzania, and Botswana.