Created by Anna Mileiko 
Established in 1908, Bank of Baroda is now one of the largest banks in India. Bank of Baroda operates as a universal bank offering retail, private, corporate banking products and services to individuals, SMEs, farmers, large companies and institutions.
Bank of Baroda operated as a branch of Bank of Baroda (India).
In 2023, Bank of Baroda achieved the position of 66th largest bank in Belgium with a market share of 0.00%; its total assets dropped by 95.11%.
Additionally, the bank became the 2nd bank in relation to its loans-to-deposits (L/D) showcasing 871.39% L/D ratio in 2023.
Deposits up to 100,000 EUR are covered by Belgian deposit guarantee scheme in Bank of Baroda.
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Bank of Baroda ranked as the 66th largest bank in Belgium by total assets. In 2023 its total assets were 38.65 mln EUR, representing a 0.00% market share.
Guarantee Fund for Financial Services (GFFS)Bank of Baroda protects deposits up to up to 100,000 EUR per depositor through Belgium's deposit guarantee scheme. The scheme applies to current accounts, deposit accounts made by natural persons (Belgian and foreign), legal entities (Belgian and foreign). The bank participates in the Guarantee Fund for Financial Services (GFFS), making regular contributions into it.
Wetstraat, 28, 1040, Bruxelles, Belgium
http://www.bankofbaroda-be.com/Bank of Baroda was located in Bruxelles.
Bank of Baroda provides products and services in the areas of retail banking, business banking. Bank of Baroda offers a range of products including current accounts, deposit accounts, money transfers, business loans, trade finance.
branch mobile appProducts and services offered by Bank of Baroda are available at its branches and via its mobile application.
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UrduIn 2023 total assets of Bank of Baroda were 38.65 mln EUR. Decline compared to the previous period (2022) was -95.11%. The evolution of the total assets of Bank of Baroda is shown at Chart 1 below.
Chart 1. Total Assets of Bank of Baroda.
Recent changes in total assets of Bank of Baroda and its main components are shown in Table 1.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Loans to banks | 752.5 | 38.4 | -94.90% |
| Loans to customers | 32.7 | 0.0 | -100.00% |
| Total Assets | 791.1 | 38.6 | -95.11% |
Table 1. Recent changes in total assets of Bank of Baroda (mln EUR).
Recent changes in total liabilities of Bank of Baroda and its main components are shown in Table 2.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Bank deposits | 677.5 | 0.1 | -99.98% |
| Customer deposits | 56.1 | 4.3 | -92.39% |
| Total Liabilities | 791.1 | 38.6 | -95.11% |
Table 2. Recent changes in total liabilities of Bank of Baroda (mln EUR).
In 2023 Bank of Baroda was ranked the 66th largest bank in Belgiumin terms of total assets, having 0.00% of the domestic market share.
Chart 2. Market share of Bank of Baroda (among banks in Belgium)
Historical changes in Bank of Baroda's domestic rank and market share over 2019-2023 are shown below:
| Year | Rank | Market % |
|---|---|---|
| 2023 | 66 | 0.00 % |
| 2022 | 72 | 0.00 % |
| 2021 | 46 | 0.07 % |
| 2020 | 30 | 0.13 % |
| 2019 | 33 | 0.15 % |
TheBanks.eu identified several banks banks having the market shares and ranks closest to Bank of Baroda listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 65 |  | 0.01% | 136.69 mln EUR (-6.75%) |
| 66 | | 0.00% | 38.65 mln EUR (-95.11%) |
| 67 |  | 0.00% | 36.84 mln EUR (-18.65%) |
Discover key identifiers of Bank of Baroda including its BIC, company number, MFI ID.
BIC: BARBBEBB
The BIC (also known as SWIFT code) for Bank of Baroda is BARBBEBB. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
| Key | Value |
|---|---|
| BIC | BARBBEBB |
| Bank BIC Code | BARB |
| Country Code | BE (Belgium) |
| Location Code | BB |
| Branch Code | - |
Company Registration Number: 0416144648
Bank of Baroda is registered in Belgium under company number 0416144648. In Belgium, Company Registration Number is assigned automatically when registering a company in the Crossroads Bank for Enterprises (CBE). The company registration number is a unique identification number consisting of 10 digits, starting with 0 or 1.
| Key | Value |
|---|---|
| Company Number | 0416144648 |
MFI ID: BE0416144648
Bank of Baroda’s MFI ID, BE0416144648, is assigned by the European Central Bank to identify the institution within the EU's financial system. The first two digits represent Belgium (BE), followed by the institutions's internal ID.
| Key | Value |
|---|---|
| MFI ID | BE0416144648 |
| Country Code | BE |
| MFI Code | 0416144648 |
TheBanks.eu identified several banks similar to Bank of Baroda based on various criteria, including:
