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More Kenyan banks affected as De La Rue stops printing chequebooks

De La Rue’s offices

British multinational printer De La Rue’s offices in Ruaraka, Nairobi, in March 2012. 

Photo credit: File | Nation Media Group

What you need to know:

  • Banks urged customers to stockpile chequebooks as they looked for alternative vendors.
  • Equity Bank already said it was sourcing another vendor to tender similar services.

The disruption caused by the decision of banknote printer De La Rue to freeze its Kenyan operations has widened as more banks urged customers to stockpile chequebooks as they looked for alternative vendors.

In the latest development, Citi Bank has notified its clients that De La Rue intends to cease printing cheques for the bank starting April. This comes about a week after Equity Bank issued a similar notice to its customers, giving those in need of huge stocks up to February 15 to make sufficient orders.