The Deposit Protection Fund of Uganda (DPF) is a government agency that provides deposit insurance to customers of deposit-taking institutions licensed by Bank of Uganda.
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 Act Cap. 57. Prior to this, DPF was managed by Bank of Uganda.
The process of operationalizing the Fund commenced….
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Once again, we are the Deposit Protection Fund of Uganda (DPF), a government agency that provides protection to…
The Deposit Protection Fund of Uganda (DPF) has been executing its mandate of paying depositors of EFC Uganda Limited and Mercantile Credit Bank Limited up to the protected limit of UGX 10million, following their closure by Bank of Uganda. However, there are still a number of depositors who held Individual, Company, Joint, Registered Trusts, Minors’, SACCOs or Investment club accounts who have not yet made claims for payment of their protected deposits. The DPF therefore informs the general public as follows;
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On behalf of the Board of Directors of the Deposit Protection Fund of Uganda (DPF), I am pleased to release the Fund’s Integrated Annual Report June 30, 2025. As the Fund reaches the midpoint of its five-year Strategic Plan (2022–2027), it is a pleasure to report that it has remained steadfast and resilient in its operations.
The report was submitted to the Minister of Finance, Planning and Economic Development within the statutory period stipulated in Section 111D of the Financial Institutions Act, Cap. 57. The Auditor General issued an unqualified opinion on the Fund’s financial statements, affirming that they were presented fairly, in all material respects.
During the reporting period, the Fund’s total assets grew by 17%, rising from UGX 1,622 billion as of June 30, 2024, to UGX 1,890 billion as of June 30, 2025. This growth was primarily driven by increased investments in treasury instruments, which rose from UGX 1,595 billion to UGX 1,866 billion over the same period. Meanwhile, total reserves grew by 17%, increasing from UGX 1,563 billion in FY 2023/2024 to UGX 1,830 billion in FY 2024/2025. Additionally, the Fund’s comprehensive income improved significantly, rising from UGX 213 billion to UGX 267 billion. These achievements highlight the Fund’s commitment to sustainable growth, prudent financial management, and operational efficiency.
As we embark on the new financial year, embracing technological advancements remains a key priority for the Fund, as it seeks to modernize its systems and processes to meet the evolving demands of the financial landscape.
I extend my sincere gratitude to the Board of Directors for their steadfast guidance and unwavering stewardship. I also commend the Management and Staff of the Fund for their relentless commitment, passion, and drive. To all our stakeholders, your continued collaboration and support have been instrumental to the positive strides we have made.
Dr. Julia Clare Olima Oyet (Mrs.)
Chief Executive Officer
