Regulatory Alerts2021-09-01
Added · Updated
Commencement of Payment of Protected Deposits for Charter House Bank Limited (In Liquidation)
The Kenya Deposit Insurance Corporation has commenced payments of protected deposits for Charter House Bank Limited (In Liquidation) by requiring eligible depositors to submit verified claim forms. Insured deposits up to Ksh 500,000 will be disbursed immediately via RTGS once forms are processed at designated offices or online starting 3 June 2021. Balances exceeding the insured threshold and other creditor claims will be distributed equitably as the liquidator accumulates sufficient funds from the ongoing liquidation process.
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