The Deposit Protection Corporation (DPC) has announced the first meeting of creditors and members of ZB Building Society following the institution’s placement under liquidation last month.
In a public notice, the DPC said ZB Building Society was placed under liquidation with effect from June 4, 2026, in terms of the Insolvency Act (Chapter 6:07).
The Corporation was appointed liquidator, while Bulisa Mbano of Grant Thornton (Zimbabwe) was appointed liquidator agent.
The first meeting of creditors and members is scheduled for July 29, 2026, at 9:30am at the Master’s Offices in Harare. The meeting will consider proof of claims, the liquidator’s report and the appointment of a committee of creditors.
The DPC has directed any individual or entity owed money by the company to complete affidavits of proof of claim in duplicate and lodge them with the Master of the High Court at least 48 hours before the meeting.
Claim forms must be submitted by 4pm on July 27, 2026.
The Corporation said creditors requiring assistance or clarification on the liquidation process can contact either the DPC or Grant Thornton using the details provided in the public notice.
“If you are owed money by the company for any reason whatsoever, you are required to complete an affidavit of proof of claim.
“You will be required to complete these forms in duplicate and lodge them with the Master of the High Court, at the Master’s office, Corner Sam Nujoma (Second Street) and Herbert Chitepo Harare, at least 48 hours before the scheduled creditors’ meeting.
“In other words, your claim forms must be lodged with the Master of the High Court by Monday, the 27th of July 2026 at 1600hrs before the meeting scheduled for Wednesday, the 29thof July 2026 at 0930hrs,” the notice stated.
The liquidation follows the cancellation of ZB Building Society’s operating licence as part of a restructuring process.
When the Deposit Protection Corporation announced the cancellation of the building society’s membership from the Deposit Protection Scheme in January, it stressed that the licence withdrawal was not the result of insolvency.
The DPC said ZB Building Society had sufficient assets to meet its obligations to depositors and that all deposits and related banking liabilities had been transferred to ZB Bank.
The Corporation also assured depositors at the time that their eligible deposits remained protected through ZB Bank under the Deposit Protection Corporation Act and that no compensation was payable because the institution had not failed due to insolvency.
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