Deposit Protection Corporation

Home Affairs minister, Obert Mpofu, has lost the battle to block the High Court from transferring some of his properties to the Deposit Protection Corporation (DPC) — the liquidator of his now-defunct Allied Bank Limited.
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Home Affairs minister Obert Mpofu has approached the High Court seeking to block the transfer of his three companies to the Deposit Protection Corporation (DPC) — the liquidator of his now-defunct Allied Bank Limited.
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The collapse of several banks in the last few years has cost the Bulawayo City Council more than $1 million in lost savings and consumer transfers.
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The Deposit Protection Corporation (DPC) has started taking legal action against shareholders and directors of banks whose institutions failed due to poor corporate governance.
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The Deposit Protection Corporation is paying demonetisation proceeds to qualifying Zimbabwe Dollar account holders for banks under liquidation, as part of a demonetisation exercise to bring finality to issues of local currency holdings.…
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HARARE - Macro-economic Planning and Investment Promotion Minister Obert Mpofu, has been slapped with a $16 million lawsuit for failing to surrender immovable assets to the liquidator of his now defunct Allied Bank Limited.
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The Reserve Bank of Zimbabwe (RBZ) says defunct Trust Bank Corporation Limited (Trust Bank) shareholders have until April 8, 2015 to secure new investors.
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HARARE - Troubled Interfin Bank (Interfin)’s clients will only be paid their deposits after the High Court has granted the Reserve Bank of Zimbabwe (RBZ) an order to liquidate the financial institution, the Deposit Protection Corporation…
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TRUST Bank is facing liquidation after the Reserve Bank of Zimbabwe cancelled it’s banking licence over allegations of abuse of depositors’ funds and violation of the provisions of the Banking Act.
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