The Deposit Protection Fund is a government agency that provides protection to customers of deposit taking institutions licensed & regulated by Bank of Uganda.
Joined September 2020
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Congratulations to the winners of the inaugural DPF Higher Institutions Quiz - @SorotiUniversi1.
#DPFquiz
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Deposit Protection Fund of Uganda (DPF) retweeted
@DPFUganda
#Yourdepositsareprotected
Kumi Talent
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Deposit Protection Fund of Uganda (DPF) retweeted
π CHAMPIONS! π
Congratulations to our indomitable students for emerging winners of the Deposit Protection Fund Higher Institutions Quiz in Mbale! πΊπ¬
#SorotiUniversity #Champions #FinancialLiteracy
π And the winner isβ¦
Congratulations to @SorotiUniversi1 - Champions of the inaugural DPF Higher Institutions Quiz! πΒ
A huge thank you to all participating universities and every student who showed up with passion, knowledge, and competitive spirit.
@BusitemaUni, @iuiuac, @KUMI_University, @SorotiUniversi1Β
#DPFquizΒ
#Yourdepositsareprotected up to UGX 10m
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Deposit Protection Fund of Uganda (DPF) retweeted
Pictorial Focus πΈ
The Islamic University in Uganda (IUIU) proudly emerged as the first runner-up in the DPF Higher Institutions Quiz Competition held at the Wash and Willz Hotel in Mbale.
Congratulations to the team. @OIC_OCI @iufckabojja
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You put up a spirited πͺ fight @BusitemaUni
Happening Now: @BusitemaUni is fully participating in the 1st Annual Higher Education Quiz Sessions organised by the @DPFUganda hosted at @washandwills in Mbale.
The Eastern Cluster Session has attracted Students Participants from @iuiuac, Kumi University and @SorotiUniversi1.
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Congratulations @SorotiUniversi1 ππ
Soroti University is proud to participate in the @DPFUganda Higher Institutions Quiz in Mbale alongside @BusitemaUni, @iuiuac and Kumi University.
Wishing our students success as they enhance their knowledge of financial literacy, deposit protection, and financial management π΄
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Pure talent indeedππΎ!
Thank you @KUMI_University
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π And the winner isβ¦
Congratulations to @SorotiUniversi1 - Champions of the inaugural DPF Higher Institutions Quiz! πΒ
A huge thank you to all participating universities and every student who showed up with passion, knowledge, and competitive spirit.
@BusitemaUni, @iuiuac, @KUMI_University, @SorotiUniversi1Β
#DPFquizΒ
#Yourdepositsareprotected up to UGX 10m
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A word from our CEO - Dr. Julia Oyet to all depositors today:
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Bank only with regulated financial institutions.
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Keep your NIN & contact details up to date with your banker.
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Don't spread rumors about bank closures... Always verify information with credible institutions.
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Be an ambassador - encourage others to bank with confidence.
#DPFQuiz | #Yourdepositsareprotected up to UGX 10m
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DPF CEO: Today's students are tomorrow's bankers, regulators & policymakers.
By reaching them early, we're investing in a financially informed generation.
That's exactly why DPF brought the Higher Institutions Quiz to Eastern Uganda's universities - because financial literacy starts now.
#DPFQuiz | #Yourdepositsareprotected up to UGX 10m
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Deposit Protection Fund of Uganda (DPF) retweeted
Happening Now: @BusitemaUni is fully participating in the 1st Annual Higher Education Quiz Sessions organised by the @DPFUganda hosted at @washandwills in Mbale.
The Eastern Cluster Session has attracted Students Participants from @iuiuac, Kumi University and @SorotiUniversi1.
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The DPF Higher Institutions Quiz Season 1 is officially underway! ππFour universities from the East. One stage. One winner.
Cheer on your university and follow along here: youtube.com/live/npJOcem1iEEβ¦
@BusitemaUni, IUIU Mbale @iuiuac, @KUMI_University, @SorotiUniversi1
#DPFquiz
#Yourdepositsareprotected up to UGX 10m
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Deposit Protection Fund of Uganda (DPF) retweeted
Jun 12
It's a great previlage today attending a brain cracking quiz organized by @DPFUganda , and of which Busitema University has fully availed herself and ready for the win
@Busitema_Guild_
@KOnesmus73648
@BusitemaUni
@DPFUganda
@ConvoBU
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Deposit Protection Fund of Uganda (DPF) retweeted
Jun 12
Today, I lead a delegation of our students to participate in the Higher Institutions Quiz of Eastern Uganda organised by @DPFUganda . We are ready to take Charge as the Eastern Giants. @BusitemaUni @ProfPaulWaako @Saphinabiira @ConvoBU @Busitema_Guild_ @EngJonard
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It's happening TODAY! The DPF Higher Institutions Quiz Season 1 begins at 10:00am! π
Four universities from the East. One stage. One winner. Cheer on your university and watch the live event here: youtube.com/live/npJOcem1iEEβ¦
#DPFquiz | #Yourdepositsareprotected up to UGX 10m.
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Hello Emmanuel, thank you for your valuable insights. The protected limit is progressive and, until 2019 it was UGX 3 million.
Discussions with the relevant parties are underway on the revision. These are informed by international & regional benchmarks, prevailing macroeconomic factors and coverage adequacy (with the current limit, 98% of depositors are fully covered), among others.
So yes, the conversation is happening and in due time, the public will be informed.
Thank you for the clarification.
So UGX 10 million is guaranteed, and the rest depends on asset recovery.
That sounds less like deposit protection and more like a recovery process.
Shouldnβt the protected limit evolve with the economy to give depositors greater confidence in the banking system?
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β³The clock is ticking!
The DPF Higher Institutions Quiz - Season One is almost here. Four universities are gearing up to compete for the top spot.
Will it be (@BusitemaUni), IUIU Mbale (@iuiuac), Kumi University(@KUMI_University) or Soroti University (@SorotiUniversi1)? Who will be crowned champions?π
Follow the buzz: #DPFquiz
#Yourdepositsareprotected up to UGX 10m
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Hello Emmanuel,
Thanks for engaging. As per DPF's statutory mandate, reimbursement up to the protected limit (currently UGX 10m) is guaranteed to a depositor of an institution that has been closed by Bank of Uganda for liquidation - in your example one that has collapsed. 1/2
Dear @BOU_Official , @stanbicug , @UgEquityBank @pearlbank_ug @CentenaryBank @AbsaUganda, and all commercial banks in Uganda,
I have a serious question.
If I save UGX 100 billion in a bank and that bank collapses, gets robbed, or fails, why does the Deposit Protection Fund only guarantee UGX 10 million?
Are we being told that UGX 99.99 billion of my money is my own problem?
How can we build trust in savings, investment, and financial inclusion when depositors carry almost all the risk?
I deserve answers.
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Deposits above the protected limit (in your example, UGX 99.99 billion) are paid by the liquidator after the assets of the closed Institution have been sold off. The amount paid will depend on the recoveries made. 2/2
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