The Kenya Deposit Insurance Corporation (KDIC) has released a list of member institutions covered under its Deposit Insurance Scheme for the financial year ending June 30, 2026.
KDIC, which operates as a Resolution Authority under the Kenya Deposit Insurance Act, manages the Deposit Insurance Fund that safeguards depositors’ savings in case a bank fails.
It guarantees the protection of deposits up to a maximum of Ksh500,000 per depositor, ensuring that customers’ money remains safe even in the event of bank liquidation.
According to KDIC, membership in the Deposit Insurance Scheme is mandatory for all licensed deposit-taking institutions in Kenya, including commercial banks, mortgage finance institutions, and microfinance banks.
Each member institution contributes annual premiums to the Deposit Insurance Fund, which finances the reimbursement of depositors in the unlikely event of bank failure.
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The 2025/2026 membership list includes all major commercial banks operating in Kenya, among them ABSA Bank Kenya PLC, Access Bank (Kenya) Public Limited Company, African Banking Corporation Limited, Bank of Africa Kenya Limited, Bank of Baroda (Kenya) Limited, Bank of India, Citibank N.A. Kenya, and Commercial International Bank Limited.
Others are Consolidated Bank of Kenya Limited, Co-operative Bank of Kenya Limited, Credit Bank Limited, Diamond Trust Bank Kenya Limited, DIB Bank Kenya Limited, Ecobank Kenya Limited, Equity Bank Kenya Limited, Family Bank Limited, Guaranty Trust Bank (Kenya) Limited, Guardian Bank Limited, and Gulf African Bank Limited.
Habib Bank A.G. Zurich, Housing Finance Company Limited, I&M Bank Limited, KCB Bank Kenya Limited, Kingdom Bank Limited, Middle East Bank (Kenya) Limited, M-Oriental Bank Limited, National Bank of Kenya Limited, NCBA Bank Kenya PLC, Paramount Bank Limited, and Prime Bank Limited also made it to the list.
The rest are SBM Bank Kenya Limited, Sidian Bank Limited, Stanbic Bank Kenya Limited, Standard Chartered Bank Kenya Limited, UBA Kenya Bank Limited, Victoria Commercial Bank Limited, Spire Bank Limited, Mayfair CIB Bank Limited, and Access Bank Kenya Limited.
In addition to commercial banks, KDIC confirmed that HFC Limited, formerly Housing Finance Company of Kenya, remains the only licensed mortgage finance institution covered under the Deposit Insurance Scheme.
The list also features fourteen licensed microfinance banks, which include Caritas Microfinance Bank Limited, Century Microfinance Bank Limited, Choice Microfinance Bank Limited, Daraja Microfinance Bank Limited, Faulu Microfinance Bank Limited, Kenya Women Microfinance Bank Limited, Maisha Microfinance Bank Limited, and Muungano Microfinance Bank Limited.
Others are Rafiki Microfinance Bank Limited, Salaam Microfinance Bank Limited, SMEP Microfinance Bank Limited, Sumac Microfinance Bank Limited, U&I Microfinance Bank Limited, and Uwezo Microfinance Bank Limited.
KDIC advised depositors to confirm their bank’s membership by checking for the KDIC Certificate of Deposit Insurance Membership displayed in banking halls or at the institution’s main business premises.
KDIC CEO Helen Chepkwony said the corporation’s primary goal is to protect depositors and maintain stability in the financial system.
She noted that publishing the list of insured institutions enhances transparency and allows customers to confirm that their deposits are secure.
KDIC further advised depositors to ensure that all their account documentation, including joint or trust accounts, is accurate and up to date, as this determines eligibility for protection under the insurance scheme.
It also urged the public to remain alert and aware by checking the authenticity of deposit insurance membership stickers displayed in bank branches.
In addition to publishing the list, KDIC has intensified public awareness campaigns across various platforms, including print, broadcast, and digital media.
"To achieve its public policy objective of fostering public confidence and contribute to financial stability. KDIC has continued to partner with banks to sensitize depositors on the importance and benefits of the scheme. The Corporation issues the Deposit Protection Certificates and membership stickers to member banks as part of its wider campaign for member identification.
"It also engages banks and the general public on the multiple media platforms including print, Television, radio and social media to update them on role deposit insurance and its benefits," Chepkwony said.
