Bank of Baroda inaugurates new Head Office and Branch in Guyana

Bank of Baroda (Guyana) Inc, a wholly owned subsidiary (WOS) of Bank of Baroda (BoB), has inaugurated its new Head Office and Georgetown branch, along with the BoB Heritage Centre. Interestingly, just six years ago, the bank was considering exiting the Guyanese market.

Guyana (officially the Co-operative Republic of Guyana) is a sovereign country on the northern mainland coast of South America.

The branch was inaugurated by President Dr. Mohamed Irfaan Ali. Earlier, it was located at the Corner of Avenue of the Republic and Regent Street (closed October 16, 2026).

Alongside the new branch and head office, the bank opened the Bank of Baroda Heritage Centre to mark 60 years of operations in Guyana. The bank is also working with the National Payments Corporation of India (NPCI) and local authorities to help roll out UPI-based payment capabilities in Guyana.

BoB in Guyana

BoB’s WOS operates two branches in the South American country. It is the only Indian bank with a presence in Guyana.

The Bank of Baroda (Guyana) Inc. was one of the earliest overseas branches of the Bank of Baroda. It was established in Georgetown, Guyana on March 31, 1966, less than a year after the formation of the Bank of Guyana, and prior to Guyana’s independence.

Guyana attained independence nearly two months later on May 26, 1966. In 1999 the overseas branch in Guyana was converted to a wholly owned subsidiary of the Bank of Baroda. In 2012 the bank established a branch in Mon Repos on the East Coast of Demerara. It now has two branches in Guyana.

Turnaround

The inauguration comes after a major strategic shift. When President Ali took office in 2020, Bank of Baroda was actively executing a plan to completely exit the Guyanese market. Presidential and ministerial interventions successfully convinced the bank to stay. The decision paid off, with total local business growing by 29% to GYD 51.2 billion in fiscal year 2026. Net profit grew to GYD 774 million, while non-performing assets plummeted from GYD 314 million down to GYD 38 million.

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What BOB MD&CEO said?

Debadatta Chand, Managing Director & CEO, BoB, said, “Our relationship with Guyana is older than its independence. We have grown alongside this country and have been part of its economic and financial journey. As an Indian bank with deep roots in Guyana, Bank of Baroda is proud to be a financial bridge connecting these two friendly nations.”

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Chand said digital payments is a key area of focus for BoB’s WOS, particularly in view of Guyana’s introduction of real-time payment system. He said, “Following the understanding between India and Guyana, efforts are underway to facilitate UPI-based payment capabilities in Guyana.”

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“Bank of Baroda would be keen to contribute to this initiative in coordination with NPCI, the relevant authorities and other stakeholders. The recently announced US$500 million Indian credit facility for key development projects in Guyana represents another important milestone in this partnership… We want to grow with Guyana, serve its people and contribute to its prosperity.”

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