The deposit insurance fund, which covers customer deposits in banks, grew by 16.7 percent to Sh179.8 billion as of December last year, pointing to the enhanced protection of depositors.
The growth in the fund is attributable partly to rising bank deposits, which were up by 6.83 percent to Sh4.8 trillion from Sh4.5 trillion previously, prompting an increase in contributions to the insurance fund by member banks.
