Brunei Darussalam Deposit Protection Corporation

Read more about BDPC

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  • Administer

    To administer a deposit protection scheme for the member institutions.

  • Protection

    To provide protection against the loss of part or all of the deposits of a member institution.

  • Incentives

    To provide incentives for sound risk management in the financial system.

  • Stability

    To promote or contribute to the stability of the financial system.

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. BDPC is governed by a Board of Directors appointed by
His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam.

Member Institutions

Mandatory Membership

Membership is mandatory to every financial institution licenced under Section 4 or 23 of the Banking Order, 2006, Section 4 or 23 of the Islamic Banking Order, 2008 and Section 3 of the Finance Companies Act (Chapter 89).