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...
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What is a deposit? Deposit in this context means monies lodged by the general public with any insured bank
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