The Kenya Deposit Insurance Corporation (KDIC) is mandated to protect depositors against the loss of their insured deposits in the unlikely event of failure of a member bank.
Kenyans have in the recent years seen banks like Imperial Bank and Chase Bank go under hence people losing their deposits. KDIC, established by an Act of Parliament becomes an important institution to protect Kenyans, hence knowing which financial institutions are members is critical.
As at September 1, 2022, the following financial institutions are insured by KDIC, ensuring that depositors’ assets are safe. They are;
Commercial Banks
1 ABSA Bank Kenya Public Limited Company
2 Access Bank (Kenya) Public Limited Company
3 African Banking Corporation Limited
4 Bank of Africa Kenya Limited
5 Bank of Baroda (K) Limited
6 Bank of India Limited
7 Citibank N.A Kenya
8 Consolidated Bank of Kenya Limited
9 Co-operative Bank of Kenya Limited
10 Credit Bank Limited
11 Development Bank of Kenya Limited
12 Diamond Trust Bank Kenya Limited
13 DIB Bank Kenya Limited
14 Ecobank Kenya Limited
15 Equity Bank Kenya Limited
16 Family Bank Limited
17 First Community Bank Limited
18 Guaranty Trust Bank (K) Limited
19 Guardian Bank Limited
20 Gulf African Bank Limited
21 Habib Bank A.G Zurich
22 I & M Bank Limited
23 KCB Bank Kenya Limited
24 Kingdom Bank Limited
25 Mayfair – CIB Bank Limited
26 Middle East Bank (K) Limited
27 M-Oriental Bank Limited
28 National Bank of Kenya Limited
29 NCBA Bank Kenya Plc
30 Paramount Bank Limited
31 Prime Bank Limited
32 SBM Bank Kenya Limited
33 Sidian Bank Limited
34 Spire Bank Limited
35 Stanbic Bank Kenya Limited
36 Standard Chartered Bank Kenya Limited
37 UBA Kenya Bank Limited
38 Victoria Commercial Bank Limited
Mortgage Finance Institutions
HFC Limited
Microfinance Banks
1 Branch Microfinance Bank Limited
2 Caritas Microfinance Bank Limited
3 Choice Microfinance Bank Limited
4 Daraja Microfinance Bank Limited
5 Faulu Microfinance Bank Limited
6 Kenya Women Microfinance Bank Limited
7 LOLC Microfinance Bank Limited
8 Maisha Microfinance Bank Ltd
9 Muungano Microfinance Bank Limited
10 Rafiki Microfinance Bank Limited
11 SMEP Microfinance Bank Limited
12 Sumac Microfinance Bank Limited
13 Salaam Microfinance Bank Limited
14 U & I Microfinance Bank Limited
