Brunei Darussalam Deposit Protection Corporation
Last Updated on Thursday, 12 November 2015 08:00
BDPC is a statutory body established under Deposit Protection Order, 2010 (DPO, 2010). BDPC was set up in 2011 to administer the deposit protection scheme aimed at protecting depositors against the loss of their deposit in the unlikely event the member institution (banks/finance companies) unable to meet its obligations to depositors.
- To administer a deposit protection scheme for the member institutions;
- To provide protection against the loss of part or all of the deposits of a member institution;
- To provide incentives for sound risk management in the financial system; and
- To promote or contribute to the stability of the financial system.
BDPC is governed by a Board of Directors appointed by His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam.