Posted inBanking

Deposit Protection Fund proposes doubling insured deposits to Shs20m

The Deposit Protection Fund (DPF) has proposed increasing the deposit insurance limit from Shs10 million to Shs20 million per depositor per financial institution in a move aimed at strengthening public confidence in Uganda’s banking sector. The proposal was presented on Thursday during a meeting between Finance Minister Henry Musasizi and the DPF board and management, […]

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