DPC targets US$106m fund as deposit cover expands
The target, equivalent to 2% of total banking sector deposits, comes as the corporation accelerates efforts to grow the fund through investment income.
By Blessed Ndlovu
18h ago
DPC triples bank deposit cover to US$3,000, quadruples microfinance protection to US$2,000
The DPC would continue seeking opportunities across various asset classes in line with its approved investment framework, says chairman Canaan Dube
By Blessed Ndlovu
Jun. 19, 2026
DPC fund surges 89% to US$28,8m on premium, investment gains
Premium contribution rates for both ZiG and USD deposits remained pegged at 0,3% of annual average deposits eligible for premium assessment.
By Business Reporter
Jun. 18, 2026
DPC doubles compensation fund to US$33m, clears legacy claims
With an estimated US$2,5 billion circulating in the informal sector, the DPC is also seeking to draw unbanked funds into formal channels by reinforcing depositor confidence.
By Blessed Ndlovu
Apr. 17, 2026
SecZim, DPC seal MoU to strengthen financial sector stability
“This MoU establishes a structured framework for cooperation, enabling us to better coordinate efforts in promoting market integrity, financial stability and sector resilience,” Berejena said.
By Blessed Ndlovu
Apr. 10, 2026
DPC compensates depositors from nine collapsed banks
“Deposit protection is designed to ensure that depositors do not lose their money when a banking institution fails, in so doing maintaining trust and stability within the financial system.”
By MUSA MAKINA
Mar. 27, 2026
DPC cancels licences following landmark bank mergers
According to DPC, FBCBS ceased to be a member of the Deposit Protection Scheme following the cancellation of its operating licence on December 30, 2025.
By Business Reporter
Jan. 27, 2026
More funds for DPC as US$ premium income rise 74%
According to DPC, funding for the corporation is derived from premium levies, rentals, money markets and equity investment income.
By Tatira Zwinoira
Jun. 16, 2025
DPC eyes high-yielding asset classes in diversification drive
Established under the Deposit Protection Corporation Act, DPC serves as a safety net for depositors, compensating them in the event of a financial institution’s insolvency.
By Blessed Ndlovu
Mar. 14, 2025
