DPC pays out $139 million

THE Deposit Protection Corporation Zimbabwe (DPC) has so far paid a total of about $139 million to creditors of six failed banks under liquidation.

DPC public relations manager Allen Musadziruma told NewsDay Business on the sidelines of the International Association of Deposit Insurers (IADI) Africa regional committee conference and annual general meeting being held in Victoria Falls that creditors received 92 cents per dollar.

“On the liquidation front, total recoveries in cash, treasury bills and properties were $355 million as at 30 June 2022,” he said.

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