THE Deposit Protection Corporation (DPC) says it is confident in its ability to provide deposit insurance coverage in both US dollars and ZiG in the event of a bank failure.
Established in 2003 under the Deposit Protection Act, DPC protects eligible depositors by securing funds in case of such failures.
These funds are generated through premiums collected from deposit-taking institutions, interest on investments, government grants, central bank advances, and other contributions to the Deposit Protection Fund.