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John Chikura

Tetrad creditors hopeful of bank revival

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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Interfin Bank creditors meet

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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DPC pays for Zim dollar in final wrap-up

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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AfrAsia depositors receive $1,4m

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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