John Chikura

By Jacob Kudzayi Mutisi Zimbabwe’s problems started in the banking service when a total of 20 Banks closed in the last 20 years. That is one bank every year!!! Zimbabwe’s currency has changed several times with the latest being the…
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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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Creditors of closed Tetrad Investment Bank (TIB) are hopeful the financial institution can be revived and that they will become shareholders in the institution, which owes them over $50 million. TIB was closed by the Reserve Bank of…
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HARARE - Creditors of the now-defunct Interfin Bank will next week meet the bank’s liquidator, the Depositors Protection Corporation (DPC), at the Master of the High Court’s offices to finalise compensation. DPC chief executive John…
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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 - The Depositor Protection Corporation (DPC) has so far disbursed over $1,4 million to AfrAsia Bank (AfrAsia) — formerly Kingdom Bank — depositors, with about $2 million still outstanding, businessdaily has established.
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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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