52 Banks and Micro Finance Institutions Where Customer Deposits Are Insured [LIST]

The Kenya Deposit Insurance Corporation (KDIC) has published a list of 52 banks and microfinance institutions that have insured the deposits of their customers.

KDIC stated that the financial institutions had insured their deposits till June 2026.

The insurance coverage ensures that depositors are guaranteed protection of their deposits up to a maximum of Ksh500,000, which is reimbursed from the scheme fund immediately a bank fails and is placed under liquidation.

"KDIC embraces alternative resolution tools to resolve troubled banks, including the realization of assets on a timely basis. This layer of protection enables depositors to maximize recovery of their deposits from failed banks above the guaranteed deposits of Ksh500,000. The amounts above the guaranteed are paid to depositors upon recovery of debts and realization of assets of the failed bank.

"To benefit from this KDIC protection, a bank must be a member of the Deposit Insurance Scheme. Currently, the scheme comprises 52 member institutions, including 37 commercial banks, 1 mortgage finance institution, and 14 microfinance banks," read the statement in part.

The categories of deposits covered under this scheme include current accounts, savings accounts, fixed deposit accounts, foreign currency deposits, and all trust accounts

Here are the 37 Banks That Have Insured Deposits

1. ABSA Bank of Kenya Ltd

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

7. Citibank N.A Kenya

8. Commercial International Bank Limited

9. Consolidated Bank of Kenya Limited

10. Co-operative Bank of Kenya Limited

11. Credit Bank Limited

12. Development Bank of Kenya Limited

13. Diamond Trust Bank Kenya Limited

14. DIB Bank Kenya Limited

15. Ecobank Kenya Limited

16. Equity Bank Kenya Limited

17. Family Bank Limited

18. Guaranty Trust Bank (K) Ltd

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. Middle East Bank (K) Limited

26. M-Oriental Bank Limited

27. National Bank of Kenya Limited

28. NCBA Bank Kenya Plc

29. Paramount Bank Limited

30. Premier Bank Limited

31. Prime Bank Limited

32. SBM Bank Kenya Limited

33. Sidian Bank Limited

34. Stanbic Bank Kenya Limited

35. Standard Chartered Bank Kenya Limited

36. UBA Kenya Bank Limited

37. Victoria Commercial Bank Limited

Mortgage Finance Institutions

1. HFC Limited

Microfinance Banks

1. Branch Microfinance Bank Limited

2. Caritas Microfinance Bank Limited

3. Choice Microfinance Bank Limited

4. Faulu Microfinance Bank Limited

5. Kenya Women Microfinance Bank Limited

6. LOLC Microfinance Bank Limited

7. On It Microfinance Bank Ltd

8. Muungano Microfinance Bank Limited

9. Rafiki Microfinance Bank Limited

10. Salaam Microfinance Bank Limited

11. SMEP Microfinance Bank Limited

12. Sumac Microfinance Bank Limited

13. U & I Microfinance Bank Limited

14. Umba Microfinance Bank Limited

Kenyans were advised to ensure that the documentation used in opening their account is up to date to ensure that they can get their money back in the event that the bank collapses.

"The depositor is required to maintain up-to-date information such as contact details (registered phone, email address, and postal address) and next of KIN details where applicable," read the advisory in part.

"Further, as a depositor, you should ensure that the accounts opening documents are complete, comprehensive, and accurate. Where you operate an account with a trust relationship, you should provide proper documents, including the trust deed or agreement for the trust accounts."

Kenyans were also advised to look out for the KDIC Certificate of Deposit Insurance and membership stickers displayed in the banking hall or designated business areas whenever they visit their bank.

In recent years, several banks of collapsed with depositors losing close to Ksh21 billion. Some of the banks that collapsed in Kenya include and they include Dubai Bank, Pan African Credit, Pan African Bank, Trade Bank, Daima Bank, Middle East Africa Finance, and Chase Bank.