KDIC reopens paying depositors in collapsed banks

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Chase Bank customers mill around the closed bank along Mama Ngina Street in Nairobi. FILE PHOTO | EVANS HABIL | NMG

The Kenya Deposit Insurance Corporation (KDIC) has lined up further payments for depositors who lost money more than a decade ago following the collapse of Daima Bank, Thabiti Finance Company and Trade Bank.

The claimants who include both insured and uninsured depositors and creditors are due for their sixth, third and second payments respectively with the window running for the next 12 months from Thursday.

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