DPF Engages CEOs of Contributing Institutions on the review of the Deposit Protection Limit – August 28, 2026
The Deposit Protection Fund of Uganda (DPF) hosted Chief Executive Officers, Managing Directors and senior representatives of Contributing Institutions to a consultative breakfast meeting on the ongoing review of the deposit protection limit.
The engagement was held during the DPF CEOs’ Breakfast Meeting on Friday, August 28, 2026, at Kampala Serena Hotel. This annual event is a platform for DPF and Contributing Institutions to share updates, exchange perspectives and strengthen collaboration in safeguarding depositors and promoting confidence in the financial system.
The engagement comes as the Fund progresses the review of the deposit protection limit, which was last revised in 2019 from UGX 3 million to UGX 10 million. The revised limit is targeted to take effect on January 1, 2027, with the final position expected to be announced by the Minister of Finance, Planning and Economic Development.
Speaking at the meeting, DPF CEO, Dr. Julia Clare Olima Oyet (Mrs.), emphasised the importance of stakeholder participation in the review. “Your participation is therefore of very strategic importance to ensure that the review takes into account the evolving needs of our financial sector and strengthens the effectiveness of deposit protection in Uganda,” Dr. Oyet said.
The meeting featured presentations on the proposed revised protection limit, the Fund’s investments and financial sustainability, as well as updates on the Single Customer View (SCV) guidelines, SACCO onboarding, premium management, depositor payouts and compliance obligations.
The presentations were followed by an interactive discussion during which participants raised key issues, including the effective date and implementation of the proposed revised protection limit, management and replacement of existing communication materials displaying the current limit, the risk profile and readiness of SACCOs joining the deposit protection framework, clarity and alignment of customer identification and KYC requirements, the quality and timeliness of customer information submitted through the Single Customer View (SCV), and the sustainability of the proposed increase without a corresponding increase in premiums.
DPF explained that the proposed revision had been supported by financial modelling and scenario analysis to assess the Fund’s capacity under different protection limits and potential payout scenarios. The Fund also highlighted the importance of accurate customer information in facilitating timely payouts to depositors of failed institutions.
Participants welcomed the engagement and called for continued dialogue and timely information from the Fund, particularly as the proposed limit moves towards implementation.
Mr. Wilbrod Humphreys Owor, the Executive Director of Uganda Bankers Association (UBA) who also represents the sector in the DPF Board, commended the Fund for the engagement and expressed confidence in its team and sustainability. “We have a very wonderful team at DPF, a very solid team,” Mr. Owor said.
DPF Director Communications, Mr. Patrick O. Ezaga, who moderated the meeting, said the Fund was already preparing for the communication and stakeholder engagement required ahead of the formal announcement of the revised limit. The meeting also marked the beginning of stakeholder mobilisation for DPF’s 10th Anniversary celebrations, which will culminate on February 3, 2027.
The CEOs’ Breakfast Meeting reaffirmed the importance of sustained collaboration between DPF and Contributing Institutions in strengthening Uganda’s deposit protection system, supporting financial sector stability and maintaining public confidence.
