About KDIC

About KDIC

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The Kenya Deposit Insurance Corporation (formerly Deposit Protection Fund Board) is a significant player in the financial sector as it provides a safety-net for the savings, banking and payments systems in the Republic of Kenya.

KDIC plays the role of protecting depositors against loss of all their deposits in case of a bank failure, by providing payments of insured deposits thereby ensuring depositors remain confident enough to continue keeping their savings within the banking and payments system.

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Deposit Insurance

What is Deposit Insurance?

logoA deposit insurance Scheme is a financial guarantee to protect depositors in the event of a bank/deposit taking financial institution failure and to offer a measure of safety for the banking system. It serves as a complementary supervisory agency employed by the monetary authority/CBK or Ministry of Finance for effective management and orderly resolution of problems associated with both failed and failing institutions.

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Risk & Resolutions

Liquidations

logoLiquidation of failed financial institutions is one of the measures undertaken by Kenya Deposit Insurance Corporation to resolve distress in the financial sector and protect depositors when other resolution options have failed. It is the orderly and painless winding up of the affairs of a financial institution, realization of its assets and settlement of claims against the financial institution.

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Annual Report

Annual Report

logoKenya Deposit Insurance Corporation Annual Report reviews major developments in the banking sector, provides information on insured banks and highlights the activities of the Board during the year under review. The Annual Report is made available on the website for convenient reference. The printed publication is the official version of the Annual Report.

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Additional information