2009-12-18 | 671703223

Banking Circular No 11 of 2009 - Disclosure of Deposits to Deposit Protection Fund Board

The letter is addressed to financial institutions in Kenya, informing them of the need to disclose all deposit products to the Deposit Protection Fund Board (DPFB) for adequate protection and insurance cover. Member institutions must correctly restate their deposits and list any deposit-like products, such as foreign currency deposits and transaction accounts, for insurance premium assessment. Inter-bank placements are excluded from insured deposits and will not be considered in determining protected deposit cover.

Kenya

Central Bank of Kenya

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