The Ethiopian Deposit Insurance Fund (EDIF) has announced that it collected more than Birr 2 billion in premiums during the first three months of the 2025/26 fiscal year, reflecting strong growth in the country’s deposit base.

According to the Fund, total premiums collected since its establishment have now reached Birr 15.93 billion. The Fund, created to protect depositors in banks and microfinance institutions, provides insurance coverage in the event of institutional failure, refunding up to Birr 100,000 per depositor.

The latest report indicates that the Fund collected Birr 2.08 billion in premiums from member financial institutions in the first quarter of the 2025/26 fiscal year. This represents an increase of 26.8 percent compared to the same period last year, attributed mainly to the continued growth in deposits across the banking and microfinance sectors.

Of the total premiums collected to date, Birr 14.51 billion came from regular deposits, while Birr 1.42 billion originated from interest-free deposit accounts.

The Fund stated that the premiums collected are invested primarily in government treasury bills and Mudarabah savings accounts. Its total investment portfolio has now reached Birr 16.49 billion, with Birr 15.05 billion placed in treasury bills and the remaining Birr 1.44 billion held in Mudarabah savings investments.

Looking ahead, the Ethiopian Deposit Insurance Fund announced plans to collect Birr 3.02 billion in premiums during the 2025/26 fiscal year, as part of its effort to strengthen financial stability and depositor protection within Ethiopia’s growing financial sector.