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

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.

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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