Bank of baroda

Shareholder
Shareholding (in Percentage)
Bank of Baroda
100
The board of the company comprises V. K. Seth, (Managing Director), A.C. Mahajan, R.K. Garg, K.N. Manvi, M.L. Luhanga
and M. G. Raval.
The audited financial position of the company for the last three financial years is as under:
(Rs. in million)
Particulars
Year ended December 31, 2004*
Equity Share Capital
271.62
Reserves & Surplus
(2.86)
Total Income
18.81
Total Expenditures
21.67
Profit after tax
(2.86)
Book value per share (Rs.)
41.35
Earnings per share (Rs.)
-ve
* The company was incorporated in December 2003.
Bank of Baroda (Uganda) Limited
BOB Uganda was incorporated on November 1, 1969. It carries out the activity of banking.
The shareholding pattern of the said company as of March 31, 2005 is as under:
Shareholder
Shareholding (in Percentage)
Bank of Baroda
80
Local shareholders
20
The board of the company comprises K.K. Shukla (Managing Director), K.K. Agarwal, V.K. Sheth, Joseph R.B. Kanyike, F.F.
Magezi, and S. Rajappa.
The audited financial position of the company for the last three financial years is as under:
(Rs. in million)
Particulars
(1)
Year ended
Year ended
Year ended
December 31,
December 31,
December 31,
2002
2003
2004
Equity Share Capital
103.40
93.79
100.13
Reserves & Surplus
252.59
299.74
423.44
Total Income
399.06
453.00
462.89
Total Expenditures
246.19
260.40
244.91
Profit after tax
92.86
132.10
147.09
Book value per share (Rs.)
6.45
7.86
11.05
Earnings per share (Rs.)
2.32
3.30
3.68
(1)
Figures derived from the consolidated financial statement of Bank of Baroda (Uganda) Limited and its subsidiary,
Baroda Capital Markets (Uganda) Limited

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Promise vs. Performance
BOB Uganda undertook a public offer for 20% of its equity shares in Sepetmeber 2002 to comply with the obligations
under the agreement signed with the Government of Uganda wherein it was undertaken that the Bank shall divest at
least 20% of its holding in BOB Uganda to broaden the ownership of BOB Uganda and develop the local capital markets.
As the public offer constituted an offer for sale by the Bank, there were no promises made in relation to the use of
proceeds from such public offer.
Baroda Capital Markets (Uganda) Limited
BOB Capital Markets (Uganda) is a subsidiary of Bank of Baroda (Uganda) Ltd. It was incorporated on 23rd April, 1997. The
company has been licensed by Capital Markets Authority (CMA) to provide brokerage and investment advisory services.
The shareholding pattern of the said company as of March 31, 2005 is as under: