Uganda, Dec. 15 -- The Deposit Protection Fund (DPF) has indicated that deposits of at least 20.9 million account holders are now insured and can fully be paid in the unlikely failure of the banking system.

While presenting a status update of the DPF at a media breakfast sensitisation meeting in Kampala at the weekend, Mr Patrick Ezaga, the DPF director communications, said the Fund had developed enough capacity to at least pay 20.9 million accounts out of the 21.4 million accounts in the banking sector in case of any failures.

However, he indicated that it was very unlikely that the banking system would experience such a huge failure that would warrant payment of such a large number of accounts.

The 20.9 million accounts, according to...