Welcome to The Africa Regional Committee Meeting and Annual Conference 2019

ESTABLISHMENT

The Deposit Protection Fund of Uganda (DPF), which is also referred to as the Fund, was established as a separate legal entity following the enactment of the Financial Institutions (Amendment) Act, 2016. Prior to this, DPF was managed by Bank of Uganda.

The process of operationalizing the Fund commenced in April 2017 with the inauguration of the Board of Directors by Honourable Minister of Finance, Planning and Economic Development.

Mandate of the DPF

  • To contribute to financial stability through building depositor confidence by ensuring that depositors are paid in time in the event of failure of a Contributing Institution. A contributing institution is one, which is licensed by Bank of Uganda and periodically makes a financial contribution to the DPF. These include; Commercial Banks, Credit Institutions and Microfinance Deposit-taking Institutions (MDIs).
  • To act as a receiver or liquidator of any closed Contributing
    Institution if appointed by Bank of Uganda.
  • To perform other functions as conferred upon it by the law.

Corporate Slogan

“Your deposits are protected”

Vision Statement

Excellence in Deposit Protection for Public Confidence.

Mission

To foster public confidence in the financial system through protection of depositors of contributing institutions.

Strategic Objectives

  • Enhance Depositors Confidence
  • Develop and Improve a System for Payment of Insured
  • Deposits.
  • Increase Public Stakeholder engagement.
  • Enhance Financial Performance.
  • Improve Efficiency of Processes.
  • Build Strategic partnerships.
  • Improve Board and Staff Knowledge and skills.

Core Values

  • Transparency; We communicate honestly and share relevant information with our customers and stakeholders.
  • Integrity; We perform our work with diligence and endeavour to do the right thing under all circumstances. Each individual employee must demonstrate
    trustworthiness and honesty.

Excellence

As a team, we passionately strive to Deliver quality services in a timely and cost effective manner, and seek continuous improvement through feedback and innovation.

Visit DPF