Associate Members

Associate Members


Name of Institution
Joint Stock Company "Fund of Problem Loans"

Country
Republic of Kazakhstan

Institution at a Glance
JSC "FPL" was established on 11 January 2012. The core activities of the Fund are to acquire preliminary information, examine and assess the loan, determine the loans registry to be purchased, purchase, and then complete the buy-back transaction.

Shareholders 
100% shares belong to the National Bank of the Republic of Kazakhstan

Key Officers
Daulet Bakbergen, Chairman
Dina Temirgaliyeva, Deputy Chairman
Yerlan Kenzhebekov, DeputyChairman

Contact Us
Joint Stock Company "Fund of Problem Loans"
Address: 160, av. Dostyk, Almaty, 050051, Republic of Kazakhstan 
Telephone: (727) 278-81-04
Email: info@fpl.kz
Website: http://fpl.kz/home/




Name of Institution
Korea Deposit Insurance Corporation (KDIC)

Country
Republic of Korea (South Korea)

Institution at a Glance:

Korea adopted an explicit deposit insurance system by establishing the Korea Deposit Insurance Corporation (KDIC) under the Depositor Protection Act (DPA) in 1996 in order to provide effective deposit insurance. The KDIC is an integrated deposit insurer that provides protection to financial institutions of six different types - banks, life insurers, non-life insurers, financial investment companies (e.g. securities firms and asset management companies), merchant banks and mutual savings banks. Membership is mandatory; each financial institution becomes a member of the deposit insurance system as soon as it receives a license from the Financial Services Commission (FSC). The KDIC, a special corporation established with no capital to carry out the public policy objective of depositor protection, is a public corporation overseen by the FSC.

 

Shareholders

Financial Services Commission

 

Key Officer

Wi Seongbak, Chairman and President        

 

Contact Us
Korea Deposit Insurance Corporation
Address: 30 Cheonggyechun-no, Jung-gu, Seoul
Telephone:+82-2-758-1122~5
Fax:+82-2-758-1120
Website: www.kdic.or.kr

 

 

Name of Institution
Deposit Protection Agency (DPA)

Country
Thailand

Institution at a Glance:
The Deposit Protection Agency (DPA) is a public agency established by law via the Deposit Protection Agency Act BE. 2551 (2008). Its objectives are to provide protection for deposits in insured financial institutions, enhance confidence and stability in the financial institution system, manage financial institutions subject to control under the Financial Institution Business Act B.E.2551 (2008), and liquidate financial institutions whose banking licenses have been revoked. More specifically, retail depositors are the main target of this scheme as they may not have sufficient access to financial information and rely on bank deposits for their livelihoods.

Mission

  • To enhance the understanding of the deposit protection system for depositors, financial institutions, as well as other parties domestically and internationally.
  • To closely cooperate with related authorities in order to maintain financial stability of the financial system.
  • To establish an appropriate premium collection system and sound management of the Deposit Protection Fund.
  • To develop an effective information system to ensure fairness of the deposit protection scheme, inclusive of accurate and rapid reimbursement.
  • To manage with efficiency according to good governance principles, and to appropriately comply with international standards established by the International Association of Deposit Insurers.
 
In the event that a financial institution fails, insured depositors shall be reimbursed under the stipulated coverage amount with a certain period of time. Deposits exceeding the coverage amount can be claimed during the liquidation process. At the current coverage limit of THB 25 million, approximately 99% of depositors are covered.

As of July 2015, there are 35 financial institutions insured by the Deposit Protection Agency, comprising 30 commercial banks, two finance companies, and three credit foncier companies.

 

Key Officer

Songpol Chevapanyaroj, President                           


Contact Us
Deposit Protection Agency
349 SJ Infinite I Business Complex
25-27th Floor, Vibhavadi-rangsitRoad,
Chompol, Chatuchak, Bangkok 10900 Thailand
Telephone +66 2272 0300
Website: http://www.dpa.or.th

  

 

Name of Institution
Perbadanan Insurans Deposit Malaysia (PIDM)

Country
Malaysia

Institution at a Glance:
Malaysia Deposit Insurance Corporation (MDIC) is a statutory body established in 2005 under the Malaysia Deposit Insurance Act (MDIC Act) to protect certain financial consumers. MDIC reports to Parliament through the Minister of Finance and is governed by nine-member Board of Directors. As an integral financial safety net system. MDIC administers the Deposit Insurance System (DIS) and the Takaful and Insurance Benefits Protection System (TIPS). MDIC insures depositors and protects takaful certificate and insurance policy owners in the event of a member institution failure up to the limits as set out in the MDIC Act.

Vision

To be a best practice financial consumer protection and resolution authority

Mission

We strive to promote and contribute to public confidence in the stability of the nation's financial system by:

  • to protect islamic and conventional deposits;
  • protecting takaful and insurance benefits; and
  • fulfilling our financial consumer protection mandate in an effective and efficient manner, having regard to the interests of our key stakeholders and our employees

 

Key Officer

Rafiz Azuan Abdullah, Acting Chief Executive Officer                           


Contact Us
Malaysia Deposit Insurance Corporation (MDIC)
Level 12, Axiata Tower (formerly known as Quill 7)
No. 9 Jalan Stesen Sentral 5,
Kuala Lumpur Sentral
50470 Kuala Lumpur, Malaysia
Telephone +603 2173 7436/2265 6565
Website: http://www.pidm.gov.my