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Home » DPC assures depositors
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DPC assures depositors

written by Mishma Chakanyuka, Staff Writer 0 comments
The DPC is a free deposit insurer, designed to repay depositors in the event of a bank failure. Money to cover these deposits comes from premiums paid by all deposit-taking institutions, interest earned on its investments, borrowings, government grants and funds advanced by the central bank.
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https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-309737.mp3?cb=1735919353.mp3THE Deposit Protection Corporation (DPC) says it is confident in its ability to provide deposit insurance coverage in both US dollars and ZiG in the event of a bank failure. Established in 2003 under the Deposit Protection Act, DPC protects eligible depositors by securing funds in case of such failures. These funds are generated through…

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