Bank of Baroda's UAE operations posted a net profit of Dh39.376 million for 2004 - a 26.6 per cent growth over that of the previous year.
While the deposits grew by 15.7 per cent to Dh1.797 billion during this period, the operating profit witnessed a growth of 18.5 per cent to Dh69.5 million.
Established in 1908, Bank of Baroda currently operates from 19 countries.
It is the only Indian bank to have a branch presence in the UAE with six branches spread over the UAE. BoB is heading for further expansion in the UAE and a few other countries.
The bank has upgraded its UAE operations with new technology.
It currently offers a variety of customer oriented products such as salary linked personal loans, overdrafts, vehicle loans, etc.
The other facilities include ATM service with UAE Switch connectivity, tele-banking, I-BoB facility to view the accounts in designated Indian branches, account statements by e-mail and quick remittance facilities.
