Seventeen (17) financial institutions are currently under liquidation in Kenya.
Liquidation is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations as and when they come due. The company’s operations are brought to an end, and its assets are divided up among creditors and shareholders.
The following banks are currently under liquidation in Kenya, some of which payments to customers and shareholders is underway through the Kenya Deposit Insurance Corporation.
|Institution Name||Liquidation Date|
|1.||Post Bank Credit Ltd.||20th May 1993|
|2.||Meridien BIAO Ltd.||15th April 1996|
|3.||Ari Bank Corporation Ltd.||5th December 1997|
|4.||Reliance Bank Ltd.||12th September 2000|
|5.||Trade Bank Ltd.||18th August 1993|
|6.||Thabiti Finance Co. Ltd.||19th December 1994|
|7.||Fortune Finance Co. Ltd.||14th September 2000|
|8.||Daima Bank Ltd.||13th June 2005|
|9.||Dubai Bank Kenya Ltd.||24th August 2015|
|10.||Prudential Building Society||18th January 2005|
|11.||Middle African Finance Ltd.||20th August 1993|
|12.||Pan African Bank Ltd.||18th August 1994|
|13.||Pan African Credit & Finance Ltd.||18th August 1994|
|14.||Kenya Finance Bank Ltd.||29th October 1996|
|15.||Prudential Bank Ltd.||5th May 2000|
|16.||Trust Bank Ltd.||15th August 2001|
|17.||Euro Bank Ltd.||21st February 2003|
Stakeholders can follow up with the Kenya Deposit Insurance Corporation which is located at 1st Floor, CBK Pension House, Harambee Avenue, Nairobi, Kenya. Their website is http://www.depositinsurance.go.ke/.
Those with questions can call the KDIC on Tel. No. 0770 887992. Customers can also contact KDIC on email: [email protected] for more information.