The Deposit Insurance Corporation (DIC) recently concluded a series of awareness workshops for front-line staff of commercial banks held in Mzuzu, Lilongwe, and Blantyre on 15, 16, and 22 April 2025, respectively. These sessions aimed to strengthen the understanding of the
As we join the world in celebrating #GlobalMoneyWeek2025, did you know that: - Deposit Insurance Corporation (DIC) fully covers 93% of the depositors in Malawi and; - Coverage is up to K3,000,000 per depositor per bank. During #GlobalMoneyWeek2025, discover how deposit
The Deposit Insurance Corporation (DIC) would like to announce that the Deposit Insurance coverage limit has been adjusted from MK1,000,000.00 to MK3,000,000.00 per depositor per bank! This increase strengthens our commitment to protecting depositors and enhancing confidence in Malawi’s banking sector.
On January 31, 2025, the Deposit Insurance Corporation (DIC) spearheaded a tree-planting initiative at Namwanje Primary School in Blantyre, led by our Board Chairperson, Dr. Gabriella Chiutsi Phiri. During the event, 1,000 trees were planted to contribute to environmental restoration and
On October 18, 2024, the Deposit Insurance Corporation (DIC) hosted the Economics Society of the UNIMA to a workshop focusing on the operationalization and economic rationale of the DIC. The DIC’s Director General, Chitani Chigumula and Manager, Operations, Lowina Mwasigala led insightful
Malawi has taken a significant step towards strengthening financial sector stability with the successful launch of the Deposit Insurance Corporation (DIC) on 10th October 2024. The establishment of the DIC is a landmark achievement for the country, aimed at protecting depositors
Bungwe la Deposit Insurance Corporation (DIC) likudziwitsa anthu onse kuti nduna ya zachuma, Wolemekezeka a Simplex Chithyola Banda MP, pa 10 October 2024, adzakhazikitsa bungweli ku Bingu International Convention Centre ku Lilongwe. DIC ndi bungwe la boma lokhazikitsidwa ndi lamulo la
The Deposit Insurance Corporation (DIC) wishes to inform the general public that the Minister of Finance and Economic Affairs, Honourable Simplex Chithyola Banda MP, will on 10th October, 2024 launch the DIC at the Bingu International Convention Centre in Lilongwe. The
