Home Business State insurer to pay fallen banks’ depositors Sh250m

State insurer to pay fallen banks’ depositors Sh250m

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Business Daily | by Constant Munda


Depositors and creditors in collapsed Dubai Bank, Euro Bank and Kenya Finance Bank will start getting payments as the State moves closer in winding up the lenders, the Kenya Deposit Insurance Corporation (KDIC) announced Tuesday.

KDIC—the agency which manages deposit insurance schemes for banks — said it has concluded the recovery and sale of assets in the three collapsed lenders, paving the way for payments of about Sh250 million…

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