About DPB
The Deposit Protection Board (DPB) is an autonomous statutory body established under the Banking Act Chapter 24:20, to administer
Read more...Our Mission
Mission: To protect deposits, enhance public confidence and stability in the financial system. Vision: To be Africa’s Centre of Excellence in deposit protection.
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WHAT IS DEPOSIT INSURANCE? Deposit Insurance is a system that protects depositors against the loss of their insured deposits placed with banks in the unlikely event of a bank failure. Conventional life and short term insurance companies do not provide deposit insurance cover. Generally , deposit...
Read more...FAQs
What is a deposit? Deposit in this context means monies lodged by the general public with any insured bank
Read more...About DPB
The Deposit Protection Board (DPB) is an autonomous statutory body established under the Banking Act Chapter 24:20, to administer the Deposit Protection Fund (the Fund) .It commenced operations on July 1 2003, and its primary objective is to provide deposit insurance to depositors in registered deposit-taking institutions including Commercial banks, Merchant banks, Finance houses, Discount Houses, and Building Societies.The creation of the Fund is a Government policy response to a growing need to moderate instability in the banking sector and to protect the public, especially the small depositors against the worst consequences of bank failure.
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