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Home » DPC eyes regional investments…expects fund to hit US$102 million by 2032
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DPC eyes regional investments…expects fund to hit US$102 million by 2032

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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THE Deposit Protection Corporation (DPC) says it is looking at investment opportunities in regional markets in an effort to grow its fund and ultimately increase cover limits.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…

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