Monday 11 July 2011

History of Bank of Africa, Kenya | www.boakenya.com

Bank Name: - Bank of Africa
Establish: - 1982
Location: - Bamako Mali
Home Page: - www.boakenya.com

Bank Vision: -
  • To be the preferred bank to our chosen market

Bank Mission: -
  • To serve our customers with efficiency and courtesy
  • To contribute to the development of all our stakeholders
  • To optimize the growth of Group Bank of Africa through synergies and common development plans
  • To promote the growth and stability of the economies that we operate in

Description: -
The group began its operations in 1982 in Bamako Mali, and has over the years expanded initially in West Africa and recently in East Africa. The Group has its head office in Benin and Mali. It is well established in 10 other countries in Africa namely: Benin, Burkina Faso, Burundi, Ivory Coast, Madagascar, Mali, Niger, Senegal, Tanzania and Uganda. The total turnover in 2008 was Euro 235 million. The Group has over 500,000 banking clients and 2000 staff.

Composition of the Group includes: -
  • 10 Commercial Banks
  • 1 housing finance Institution
  • 3 lease finance companies
  • 1 stockbroker, 2 Investment companies
  • 1 Information Technology support company
  • Major holding in several Life Insurance companies
  • Have more than 170 operating, production branches and offices in 12 African countries

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