KDIC Delivers Ksh 2.65 Billion Refund to KTDA Farmers following the collapse of Chase Bank and Imperial Bank in liquidation

On 11^th September 2025, at State House Nairobi, the Kenya Deposit Insurance Corporation (KDIC) took part in a significant event presided over by His Excellency Dr. William Samoei Ruto, the President of the Republic of Kenya. During the ceremony, KDIC presented a cheque of Ksh 2.65 billion to the Kenya Tea Development Agency (KTDA). The funds represent payment of protected deposits which is refunds to farmers whose money was lost following the collapse of Chase Bank and Imperial Bank, both of which are in liquidation.

The payment directly benefitted about six hundred thousand farmers spread across the country under KTDA. For many farmers, these were funds that formed part of their daily income and savings. The handover therefore marked an important moment not only for KTDA and the tea value chain, but also for the wider financial sector, where confidence relies on the assurance that customers’ money is protected even in difficult situations.

For KDIC, the refund stands as proof that the Corporation’s role goes far beyond policy and regulation. It is about real people and their financial security. Farmers who rely on tea for their livelihoods can now access funds that had been lost, helping them plan their activities and support their families with greater ease.

The refund also demonstrates the value of a strong deposit protection framework. KDIC continues to improve its surveillance systems, strengthen its collaboration with financial regulators, and create better awareness of how deposit insurance works. The goal is simple: to ensure Kenyans can trust that their money is safe, and that the financial sector remains stable even in the face of bank failures.

Through such interventions, KDIC remains firmly focused on serving the public and supporting a sound financial system for all Kenyans.