Zimbabwe: Tetrad Creditors, Depositors to Be Paid $4,2mln

20 October 2017

The Deposit Protection Corporation (DPC) says it is ready to pay out $4.2 million to creditors and depositors of Tetrad Investment Bank.

DPC was appointed the provisional judicial manager of Tetrad on July 1, 2015 after it collapsed in 2014. By the end of 2016, the judicial manager had recovered about $16,2 million from the various debtors, according to a January 2017 update by the central bank.

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