DPC increases deposit protection cover to ZWL1 million

HARARE – The Deposit Protection Corporation (DPC) has increased the deposit protection cover to a maximum of ZWL1,000,000, up from ZWL120,000 in an effort to cushion depositors from the prevailing macroeconomic challenges. DPC is mandated to control the deposit protection fund whose objective is to compensate depositors in part or full for losses incurred in the event of insolvency by contributing…

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