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Dubai Bank placed under receivership for 12 months
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murchr
#41 Posted : Monday, June 13, 2016 6:59:33 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Intelligentsia wrote:
And MD has fled to India.
Kenya Deposit Insurance Corporation (KDIC) appointed as receiver.

Twas a long time coming..too many shenanigans been happening there.
Will depositors get their cash back?


"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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murchr
#42 Posted : Wednesday, August 03, 2016 10:24:03 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
http://www.businessdaily...29680-2l7m9rz/index.html
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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kmucheke
#43 Posted : Wednesday, July 01, 2020 12:13:18 PM
Rank: Member


Joined: 3/16/2019
Posts: 313
Mainat wrote:
You get a Ksh100k and then get in the queue of losers to await whatever can be gleaned from the sale of assets with the deposit scheme being the first in the queue.

You also learn a valuable lesson in life.

Angelica _ann wrote:
Why only up to 100k. If my deposit is more than that what happens?





Quote:
Kenya Deposit Insurance Corporation — an independent agency that manages the deposit refund in collapsed banks — says the increase from Sh100,000, which has remained constant since 1989, will cover about 99 percent of the depositors from the current 90 percent.


https://www.businessdail...585748-wisdkq/index.html
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