Zimbabwe

The Deposit Protection Corporation(DPC), Zimbabwe

About DPC

The Deposit Protection Corporation, Zimbabwe (DPC) is a statutory body established on 1 July 2003 under the name Deposit Protection Board. It was established through the Banking Act [Chapter 24:20] as read with Banking (Deposit Protection) Regulations, Statutory Instrument 29 of 2003.

On 16 March 2012, it assumed the name Deposit Protection Corporation in terms of the Deposit Protection Act [Chapter 24:29], No. 7/2011. DPC’s current mandate is derived from section 5 of the DPC Act and includes; participation in the resolution of failing or failed banks, compensation of insured depositors and liquidation of closed banks.

In the event of a bank failure, DPC will compensate depositors part or all of their funds that were in the closed bank up to the maximum cover limit prevailing at the time of bank closure.

Vision

Distinguished deposit protection contributing to financial system stability by 2025.

Mission

To protect depositors, enhance public confidence and stability in the financial system by promoting sound business practices and speedy resolution of failed contributory institutions.

Core values

  • Accountability: We are answerable for our actions as we dutifully carry out our mandate as enshrined in the Deposit Protection Corporation Act [Chapter 24:29]

  • Innovation: We approach and embrace the demands of our fast-changing environment with an open mind, maintaining a high level of awareness and sensitivity to the need to embrace change in the manner we conduct our business.

  • Teaming: We are cooperative. We are open to different views, and we value diversity. We listen and share ideas. We recognize and work with partners to accomplish our goals. We continually raise our interpersonal skills and positively interact to deliver breakthrough results.

  • Integrity: Truthfulness, honesty and reliability defines our work ethic so as to deliver on our mandate.

  • Excellence: We are exemplary and model the way in our business. We exceed expectations. We are committed and always give our best. We develop a reputation for excellence in all we do. In this endeavor, mediocrity is not tolerated.

DPC Key Stakeholders

Mr. Hopewell Zinyau
Mr. Agmos Moyo
Chief Executive Officer
Board Chairman

 

List of Board Members

  • Mr. Philip T. Madamombe, Non-Executive Director
  • Mr. Amos Manzai, Non-Executive Director
  • Mrs. Annah Mashingaidze, Non-Executive Director
  • Ms. Sithembile P. Pilime, Non-Executive Director
  • Mrs. Judith J. Rusike, Non-Executive Director
  • Mr. Hopewell Zinyau, Chief Executive Officer

 

Names, titles and contacts of Executive Management Members/Heads of Departments

NAME DESIGNATION CONTACTS
 Mr. Hopewell Zinyau  Chief Executive Officer  hzinyau@dpcorp.co.zw
 Mr. Gift Chirozva  Business Operations Director  gchirozva@dpcorp.co.zw
 Ms. Kiitumetsi Zawanda  Corporate Secretary/ Legal   Counsel  kzawanda@dpcorp.co.zw
 Mr. Alfred Chaavure  Finance and Administration   Director  achaavure@dpcorp.co.zw

 

Contact information

  • Physical address : Evelyn House, 26 Fife Avenue/Corner Blakiston Street, Harare, Zimbabwe
  • Phone Number : +263 242 250900-1, 252336, 251040-44
  • Email address : info@dpcorp.co.zw
  • Website : www.dpcorp.co.zw