KDIC Lists Commercial Banks, Mortgage Finance Institutions, and Microfinance Banks Under Deposit Protection Scheme

The Kenya Deposit Insurance Corporation (KDIC) has released an updated list of member financial institutions covered under its deposit protection scheme. The announcement, made on Tuesday, October 14, 2025, confirms that 52 institutions — including 37 commercial banks, one mortgage finance institution, and 14 microfinance banks — are currently members of the scheme.

KDIC, established under the Kenya Deposit Insurance Act (Cap 487C), serves as the Resolution Authority mandated to protect depositors and promote stability in the country’s banking sector. The Corporation’s main role is to provide deposit insurance, enhance risk management, and ensure the timely resolution of troubled banks.

According to the public notice, the deposit insurance scheme is designed to protect customers against the loss of their deposits in the event of a bank failure. Under the guaranteed deposit protection framework, depositors are insured up to a maximum of Sh500,000. This amount is reimbursed immediately when a bank fails and is placed under liquidation.

KDIC also operates an Early Warning System (EWS) to monitor the performance of banks and detect risks early for timely intervention. In addition, it employs alternative resolution tools, such as the realization of assets, to help depositors recover amounts exceeding the guaranteed limit once the bank’s debts and assets are settled.

Only member institutions benefit from KDIC protection. Depositors covered include those with current accounts, savings accounts, fixed deposit accounts, foreign currency accounts with verified mandates, and designated trust accounts. The cost of the insurance is fully borne by member banks through annual premiums — depositors do not pay any charges for the protection.

KDIC noted that its principal objective is to safeguard depositors’ funds and contribute to financial stability in line with Kenya’s Vision 2030, which seeks to create a vibrant and globally competitive financial sector. The Corporation emphasized that a strong deposit insurance system helps prevent panic withdrawals and maintains public confidence in the financial system.

Member Institutions Under KDIC

Commercial Banks

1. ABSA Bank Kenya Ltd
2. Access Bank (Kenya) Plc
3. African Banking Corporation Ltd
4. Bank of Africa Kenya Ltd
5. Bank of Baroda (K) Ltd
6. Bank of India
7. Citibank N.A. Kenya
8. Commercial International Bank Ltd
9. Consolidated Bank of Kenya Ltd
10. Co-operative Bank of Kenya Ltd
11. Credit Bank Ltd
12. Development Bank of Kenya Ltd
13. Diamond Trust Bank Kenya Ltd
14. DIB Bank Kenya Ltd
15. Ecobank Kenya Ltd
16. Equity Bank Kenya Ltd
17. Family Bank Ltd
18. Guaranty Trust Bank (Kenya) Ltd
19. Guardian Bank Ltd
20. Gulf African Bank Ltd
21. Habib Bank A.G Zurich
22. I&M Bank Ltd
23. KCB Bank Kenya Ltd
24. Kingdom Bank Ltd
25. Middle East Bank (K) Ltd
26. M-Oriental Bank Ltd
27. National Bank of Kenya Ltd
28. NCBA Bank Kenya Plc
29. Paramount Bank Ltd
30. Premier Bank Ltd
31. Prime Bank Ltd
32. SBM Bank Kenya Ltd
33. Sidian Bank Ltd
34. Stanbic Bank Kenya Ltd
35. Standard Chartered Bank Kenya Ltd
36. UBA Kenya Bank Ltd
37. Victoria Commercial Bank Ltd

Microfinance Banks

1. Branch Microfinance Bank Ltd
2. Caritas Microfinance Bank Ltd
3. Choice Microfinance Bank Ltd
4. Faulu Microfinance Bank Ltd
5. Kenya Women Microfinance Bank Ltd
6. LOLC Microfinance Bank Ltd
7. On It Microfinance Bank Ltd
8. Muungano Microfinance Bank Ltd
9. Rafiki Microfinance Bank Ltd
10. Salaam Microfinance Bank Ltd
11. SMEP Microfinance Bank Ltd
12. Sumac Microfinance Bank Ltd
13. U & I Microfinance Bank Ltd
14. Umba Microfinance Bank Ltd

Mortgage Finance Institution

1. HFC Ltd