The Namibia Depository Gurantee Fund has grown to N$40.1 million as at 31 December 2025.
This is from N$30.3 million at the end of 2024.
The fund’s annual report, launched yesterday, shows the growth came from different investments.
Premium contributions amounted to N$6.4 million during the year, while portfolio returns enhanced asset accumulation, the report states.
“The portfolio continued to outperform its benchmark, the Alexander Forbes short-term fixed interest three-month index (STeFI3) delivered an excess return of 83.5 basis points in 2025,” the report reads.
During the year, the fund also increased the coverage limit per depositor per member institution.
“The board regularly reviews this guaranteed coverage threshold, which was increased from N$25 000 to N$50 000, effective 10 February 2026,” says fund head Florette Nakusera.
She says in cases where a depositor holds multiple deposits in a failed bank or building society, the value of all deposit accounts held there by the depositor would be consolidated and the claimant would be compensated up to the maximum coverage limit.
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