Mumbai, Nov 7 (PTI) State-owned lender Bank of Baroda on Saturday announced that its wholly owned subsidiary in Guyana has

Mumbai, Nov 7 (PTI) State-owned lender Bank of Baroda on Saturday announced that its wholly owned subsidiary in Guyana has

Mumbai, Nov 7 (PTI) State-owned lender Bank of Baroda on Saturday announced that its wholly owned subsidiary in Guyana has

Mumbai, Nov 7 (PTI) State-owned lender Bank of Baroda on Saturday announced that its wholly owned subsidiary in Guyana has moved its head office to a new building in Georgetown.

     The bank, the only lender in the South American country, also affirmed that it will help Guyana build unified payment interface (UPI)-based payment capabilities.

     "Our commitment is simple: We want to grow with Guyana, serve its people and contribute to its prosperity," the bank's chief executive and managing director Debadatta Chand said.

     BoB, which has been present in the South American country since 1966, inaugurated its new head office and Georgetown branch in Guyana on Saturday.

     It also opened a "Bank of Baroda Heritage Centre" which showcases its legacy and longstanding association with Guyana, according to an official statement.

     "Following the understanding between India and Guyana, efforts are underway to facilitate UPI-based payment capabilities in Guyana. Bank of Baroda would be keen to contribute to this initiative in coordination with NPCI, the relevant authorities and other stakeholders," Chand said.

     He added that the recently announced USD 500 million Indian credit facility for key development projects in Guyana represents another important milestone in the partnership between the two countries.

     The new building and Heritage Centre were inaugurated by Guyana's President Mohamed Irfaan Ali, in the presence of Ashni Singh, the Senior Minister in the Office of the President with responsibility for Finance, Chand and Chinmoy Naik, the Indian High Commissioner to Guyana.

     BoB operates two branches in the country and has been running as a wholly-owned subsidiary since 1999, the statement said.

     Its total business grew 29 per cent to GYD 51.2 billion in FY26, while the net profit stood at GYD 774 million in the fiscal year.

     The Non-Performing Assets (NPAs) declined sharply to GYD 38 million from GYD 314 million, the statement said.

(This story has not been edited by THE WEEK and is auto-generated from PTI)