About DPC
The Deposit Protection Fund (The Fund) was established in 2003 in terms of Section 66 of the Banking Act Chapter 24:20 as read with section 4 of the Deposit Protection Corporation Act [Chapter 24:29]no 7/2011. The primary objective of the fund is to compensate depositors for losses incurred in...
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Mission: To protect deposits, enhance public confidence and stability in the financial system. Vision: To be Africa’s Centre of Excellence in deposit protection.
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WHAT IS DEPOSIT INSURANCE? Deposit Insurance is a system that protects depositors against the loss of their insured deposits placed with banks in the unlikely event of a bank failure. Conventional life and short term insurance companies do not provide deposit insurance cover. Generally , deposit...
Read more...FAQs
What is a deposit? Deposit in this context means monies lodged by the general public with any insured bank
Read more...About DPC
The Deposit Protection Fund (The Fund) was established in 2003 in terms of Section 66 of the Banking Act Chapter 24:20 as read with section 4 of the Deposit Protection Corporation Act [Chapter 24:29]no 7/2011.
Finance News
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Banks getting away with murder
Economic News
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