File image of KDIC CEO Hellen Chepkwony.
Kenya Deposit Insurance Corporation (KDIC) has urged all Kenyans affected by the liquidation of any financial institution to reach out to the institution to enable payment of supported claims.
KDIC CEO Hellen Chepkwony said they have paid Sh90 billion to affected customers who had deposited money in the liquidated financial institutions.
"Towards this end, any depositor who was affected by the collapse of the 19 financial institutions in liquidation, is encouraged to reach out to us for updates on pending payout," Chepkwony said in a press release dated December 30.
"So far we have paid more than Sh90 billion to affected customers and remain committed to promptly settling all outstanding supported claims," she added.
The Corporation said it has put in place policies and strategies that are geared towards enhancing the Corporation's mandate and strengthening the financial sector in 2025.
"It is envisioned that implementation of these strategies contained in the Corporation's new Strategic Plan (2023-2028) will enable KDIC to achieve its vision of becoming a reliable, effective deposit insurer and resolution authority," Chepkwony said.
She added that KDIC has identified four key results areas to prop up the achievement of the state agency's vision.
The four include: Deposit Insurance, Risk Minimisation, Resolution of Problem Banks and Institutional Capacity Development.
She said the Corporation shall remain steadfast in executing its mandate of protecting depositors and supporting the stability of the financial system.
