16/04/2026
The Namibia Deposit Guarantee Authority (NDGA) has officially released its 2025 Annual Report, highlighting a significant increase in depositor protection and robust growth of the Deposit Guarantee Fund.
Key Financial and Operational Highlights
�Increased Coverage Limit: To bolster public confidence, the NDGA has doubled the maximum coverage limit from N25,000toN50,000 per depositor. This change follows assessments and public feedback indicating that the previous limit was too low to provide credible protection.�
Fund Growth: The NDGA Fund grew by approximately 32% during the year, reaching a total of N$40.1 millionas of 31 December 2025.��Investment Performance: The Authority’s investment portfolio delivered an annual return of 8.1%, outperforming its benchmark (STeF13) which returned 7.3%.��Strategic Ex*****on: The NDGA concluded its 2023–2025 Strategic Plan with an impressive ex*****on rate of 96.7%.��Economic and Sector Context
The 2025 report was released amid a slowing domestic economy, with growth recorded at 1.7% compared to 3.8% in 2024. This slowdown was primarily driven by declines in the mining, quarrying, and agriculture sectors.
Despite these domestic headwinds, the Namibian banking sector remained profitable, liquid, and well-capitalized. Notably, asset quality improved as the Non-Performing Loans (NPL) ratio fell to 4.3% from 5.6% the previous year.
Forward-Looking Statements
As the Authority concludes its inaugural strategic cycle, it is moving immediately into a new three-year Strategic Plan for 2026–2028.
"The successful ex*****on of our inaugural Strategic Plan... was made possible through strong collaboration and support from all our stakeholders," stated Petrus Shifotoka, Acting Head of the NDGA. "Going forward, the NDGA remains steadfast in pursuit of its mandate."
