Deposit Protection Corporation

What Deposit Protection Corporation does

Deposit Protection Corporation (DPC) is an independent statutory body established by the Government of Zimbabwe under the Deposit Protection Act (Chapter 24:29). It commenced operations on 1 July 2003 (originally as the Deposit Protection Board, renamed in March 2012) and operates under the oversight of the Ministry of Finance & Economic Development. DPC's mandate is to administer Zimbabwe's Deposit Protection Scheme, compensating depositors (individuals and businesses) for eligible deposits when licensed contributory institutions fail. Membership is mandatory for all deposit-taking institutions regulated by the Reserve Bank of Zimbabwe, currently covering 27 contributory institutions including commercial banks, building societies (CABS, POSB), IDBZ, and deposit-taking microfinance institutions. Compensation is provided free of charge to depositors up to prescribed limits (USD 1,000 per deposit class per commercial bank; ZWL 1,000,000 per depositor per contributory institution, among others), with a stated 14-working-day claim-processing target following institution closure.

DPC's product surface is narrow and statutory: the Deposit Protection Scheme as the core offering, supplemented by a DPC Portal for claim information and submissions, plus public awareness and financial-literacy programs delivered through social media, trade fairs (ZITF, Manicaland Agricultural Show), Global Money Week, university lectures, and regional workshops. Operational coordination is formalized through Memoranda of Understanding with the Reserve Bank of Zimbabwe and participation in the Multidisciplinary Financial Stability Committee alongside SECZIM and IPEC; DPC is also a member of the International Association of Deposit Insurers (IADI) with the CEO serving as IADI-ARC Vice-Chairman. In October 2024 the Corporation achieved ISO 9001:2015 certification and officially opened its relocated Borrowdale (Harare) Head Office; a Bulawayo regional office covers the southern region.

DPC is wholly funded by mandatory contributions from its 27 member institutions rather than by government budget allocation or depositor fees, and revenue is not publicly disclosed. Its go-to-market is therefore quasi-statutory: 'customers' are the banking institutions (mandated by law) and the downstream depositors it serves (through those institutions). Distribution relies on member-institution branches for awareness, Zimpost branches for claim forms, and DPC's own channels — toll-free line, WhatsApp, online portal, and physical offices in Harare and Bulawayo. The entity is governed by a publicly appointed Board of Directors; the CEO is Mr. Hopewell Zinyau and the Board Chair is Ms. Canan Dube.

Name

Deposit Protection Corporation

Legal name

Deposit Protection Corporation

Website

https://www.dpcorp.co.zw

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Deposit Protection Corporation is a Zimbabwean statutory body, established under the DPC Act (Chapter 24:29), that administers the national Deposit Protection Scheme — compensating individual and corporate depositors when any of its 27 mandatory member institutions fails.

Ownership category

akta.pro rank

Headquarters

HQ city

Harare

HQ country

Zimbabwe

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Contributory Banking Institution Fees: DPC is wholly-funded by Contributory Banking Institutions in Zimbabwe. All licensed deposit-taking institutions regulated by the Reserve Bank of Zimbabwe are mandatory members and fund the Deposit Protection Fund. The Corporation pays compensation to depositors when member institutions fail, with funds drawn from the accumulated Deposit Protection Fund.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Deposit Protection Corporation administers Zimbabwe's statutory Deposit Protection Scheme, providing free automatic compensation to depositors when licensed member banking institutions fail. The corporation manages the Deposit Protection Fund, which is wholly funded by mandatory contributions from 27 contributory institutions including commercial banks, building societies, and deposit-taking microfinance institutions. DPC processes compensation claims within a standard 14 working days timeline, covering eligible deposits up to prescribed limits in USD and ZWL currencies.

Product overview

Deposit Protection Corporation (DPC) is a statutory body that administers Zimbabwe's Deposit Protection Scheme. The organization operates as a single, unified service focused on deposit insurance rather than a multi-product platform. DPC's core offering is the Deposit Protection Scheme, which protects depositors by guaranteeing reimbursement of deposits up to specified limits when member banking institutions fail. The scheme covers deposits held in commercial banks, building societies, microfinance institutions, and other registered deposit-taking institutions. DPC also provides public awareness and financial literacy programs, and operates an online portal for stakeholder access.

Differentiator

Problem solved

Functional benefit

Products and services

• Deposit Protection Scheme The core statutory deposit protection service that safeguards depositors' funds in registered deposit-taking institutions, providing free automatic compensation up to prescribed limits (USD 1,000 per deposit class per commercial bank, USD 500 per deposit class per microfinance institution, ZWL 1,000,000 per depositor) when member banks fail. Targeted at all depositors - both individuals and businesses - holding funds at the 27 licensed member institutions in Zimbabwe.
• DPC Portal Online portal providing depositors with access to information, downloadable claim forms, and member institution details. Supports self-service claim submissions and digital access to deposit protection services for depositors of member banks in Zimbabwe.

Quantifiable outcome

• Compensation paid within 14 working days after claim submission for closed bank depositors
• +2 more outcomes

Named customers16 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Zimswitch Technologies (Pvt) LtdcoreTechnology or Integration · 14 November 2025DPC and Zimswitch signed a landmark Memorandum of Understanding to enhance public awareness about deposit protection and digital financial services, promote financial inclusion for underserved communities, strengthen digital innovation in financial technologies, and foster public confidence in Zimbabwe's financial system. The partnership aims to ensure every Zimbabwean can interact with the financial system confidently and securely.
• Reserve Bank of Zimbabwe (RBZ)coreStrategic or Co-development PartnerInformation sharing and coordination formalized through Memorandum of Understanding between RBZ and DPC. DPC participates in Multidisciplinary Financial Stability Committee that meets quarterly alongside SECZIM, IPEC, and other financial safety-net participants.
• International Association of Deposit Insurers (IADI)coreStrategic or Co-development PartnerDPC is a member of IADI, the global standard setter for deposit insurance. The organization aligns with IADI Core Principles for Effective Deposit Insurance Systems. DPC CEO serves as Vice-Chairman of IADI Africa Regional Committee.
• Consumer Protection Commission of Zimbabwe (CPCZ)minorStrategic or Co-development PartnerDPC participated in the inaugural CPCZ Annual Consumer Conference at ZITF 2025, collaborating on consumer protection initiatives and market integrity discussions.
• Ministry of Finance, Economic Development and Investment PromotioncoreStrategic or Co-development PartnerDPC operates under the Ministry's oversight and participates in national development initiatives aligned with National Development Strategy 2 (NDS2) and Vision 2030. The Ministry's Finance Minister officially launched DPC's new head offices.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Canada Deposit Insurance Corporation (CDIC): Canadian federal deposit insurer providing protection on eligible deposits at member institutions. Direct peer in mandate, funding model, and IADI-aligned operating principles.
• Korea Deposit Insurance Corporation (KDIC): Korean statutory deposit insurer with mandatory membership and fund-based depositor compensation. Direct peer in mandate, governance, and reliance on a contributory funding model.
• Deposit Insurance Corporation of Japan: Japan's statutory deposit insurer providing protection for depositors at member institutions. Direct functional peer — same mandate of administering deposit insurance within a national banking safety net.

Broad incumbents

• South African Reserve Bank (SARB) — Prudential Authority: South Africa's integrated prudential supervisor handling bank oversight and, historically, deposit protection arrangements. Larger and broader in scope, but operates an overlapping financial stability function within SADC.
• Financial Services Compensation Scheme (FSCS): UK's statutory compensation scheme for deposits, investments, and insurance. Same depositor-protection function, broader product scope, and similar contributory funding model.
• Federal Deposit Insurance Corporation (FDIC): U.S. federal deposit insurer and the global benchmark for statutory deposit insurance schemes. Same core function — protecting depositors up to prescribed limits at member banks — but vastly larger scale.

Regional players

• Tanzania Deposit Insurance Board (TDIB): Tanzania's statutory deposit insurer with mandatory membership for licensed banks and similar deposit-taking institutions. Comparable East/Southern African regulatory context and emerging-market operating environment.
• Kenya Deposit Insurance Corporation (KDIC): Kenya's statutory deposit insurer with mandatory membership and a similar contributory funding model. Comparable in scale, mandate, and East African regulatory environment.
• Reserve Bank of Malawi — Deposit Protection Fund: Malawi's deposit protection framework administered by the central bank. Conceptually parallel to Zimbabwe's DPC in providing depositor protection within a small, banking-sector-concentrated economy.
• Nigeria Deposit Insurance Corporation (NDIC): Africa's largest national deposit insurer covering Nigerian banks and similar deposit-taking institutions. Closest regional peer to DPC by mandate structure, contributory funding model, and emerging-market operating context.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/DpcZW
• YouTubeyoutube.com/@DpcorpZw/videos
• Facebookfacebook.com/DpcZw
• LinkedInlinkedin.com/company/deposit-protection-corporation

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Deposit Protection Corporation