The Deposit Protection Corporation (DPC) has released its fifth Annual Report for the fiscal year 2024-25, providing comprehensive disclosure of the corporation's financial performance, operating activities, and key achievements.
Background and Mandate
Established under the Deposit Protection Corporation Act, 2016, DPC operates as a subsidiary of the State Bank of Pakistan (SBP). Its mandate includes compensating depositors of member banks in the event of a bank failure, as notified by SBP, and providing financial support for the resolution of problem banks.
Key Highlights of the Report
The report reveals that DPC has doubled the coverage for all eligible depositors of its member banks to PKR 1,000,000 per depositor per bank. This marks the second upward revision in coverage within six years of its establishment.
As of June 30, 2025, there are 91.78 million depositors across all scheduled banks, of which 90.83 million are eligible depositors. Their deposits are now protected up to the current protected deposit amount of PKR 1 million per depositor per bank.
Financial Strength
DPC's deposit protection fund has surpassed PKR 200 billion, reflecting the corporation's strong financial position to fulfill its mandate. The report also highlights amendments to the DPC Act 2016, particularly focusing on the enhanced role of the corporation's support function in resolving member problem banks.
Comprehensive Financial Review
Additionally, the report includes a comprehensive financial review featuring five-year comparative analyses, the independent auditor's report, and audited financial statements for the fiscal year 2024–25.
