President Kenyatta expresses confidence on Kenyan Banking Sector.

President Uhuru Kenyatta has expressed confidence in the banking sector following what has transpired in the last nine months where banks have gone under and others reported to be in trouble.Addressing journalists in Berlin Germany,the president stated that he has instructed the Cs in charge of treasury Mr.Rotich to follow up on the matter and ensure that the depositors are protected.

He also stated that he support what central bank of Kenya governor Dr.Njoroge is doing to strengten and remove weaknesses in the Kenyan banking sector.He urged the banks to follow the law.This came as a result of Chase bank being put under receivership by central bank of Kenya where over 55,000 customers are yet to know the fate of their deposits.Chase Bank will be managed by Kenya deposit insurance corporation (KDIC) for 12 months.