JODIC's Objectives
 

The Corporation aims to protect depositors by insuring their deposits with the banks according to the provisions of JODIC’s Law in order to encourage savings, enhance confidence in the banking system, and contribute to maintaining banking and financial stability in the Kingdom.

      

The Corporation's main objectives are:


 
  • To provide full protection for the vast majority of depositors in the banking system.
  • To exhibit a high level of financial capacity, operational readiness, and to build up an adequate level of reserves.
  • To manage the reimbursement and the liquidation processes efficiently and effectively.
  • To contribute to the resolution of any bank that faces problems with core effect on its financial position.
  • To contribute in raising risk management awareness culture in the banking sector.
  • To promote public awareness of the deposit insurance system in the Kingdom.