Regulatory Alerts2020-07-01
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KDIC Press Statement on COVID-19 Market Interventions June 2020
The Kenya Deposit Insurance Corporation issued this June 2020 statement to outline three market interventions supporting banks during the COVID-19 pandemic. The Corporation implemented an increased deposit coverage limit of Kshs 500,000 effective July 1, extended annual premium payments for member banks until December 2020, and deferred the risk-based premium model by one year to preserve cash flows. These measures strengthen financial stability, protect depositors against potential bank failures, and maintain public confidence in Kenya’s banking system.
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