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

Overview

BOA Kenya is a medium-sized bank and is ranked 15th out of 42 commercial banks in Kenya by CBK. The bank provides banking services to corporates, SMEs, investment groups as well as individuals. As of December 31, 2019, the bank had total assets valued at 43.996 billion Kenyan shillings (approximately $403.27 million) and shareholders' equity valued at 4.28 billion Kenyan shillings (approximately $39.20 million). As of March 2016, the bank has a customer base of over 100,000 people.

History

The bank has its roots in Calyon Bank (formerly Credit Agricole), which was established in 1981. In April 2004, the African Banking Group (BOA Group) acquired the business of Credit Agricole Indosuez Kenya and merged it into its newly established subsidiary BOA Kenya. The transaction was completed on June 30, 2004.

BOA Kenya invests in BOA Uganda (52.72%) as a subsidiary and holds a 24.1% stake in BOA Tanzania as an associate

• Bank of Africa Group is a subsidiary of Banque Marocaine du Commerce Exterieur in Morocco.

Governance

BOA Kenya is governed by a 10-member board of directors, with Dennis Awori as chairperson and Ronald Marambii as managing director