There are two types of deposit insurance premiums: initial premiums which have to be paid by newly licensed banks (0.3% of initial capital) upon commencement of their membership in DIFK and on-going premium which all member institutions have to pay regularly on a quarterly basis.
DIFK calculates differential premiums among institutions, differing levels of risk based on the CBK examination ratings that are assigned to banks. Member banks pay insurance premiums proportionate to their relative risk that pose to the Deposit Insurance Fund (DIF), i.e., higher premium, for higher risk profile of member.
Current differential annual nominal premium rates
| Examination Ratings | Premium (%) p.a. |
|---|---|
| grade 1 banks | 0.75% |
| grade 2 banks | 0.95% |
| grade 3 banks | 1.20% |
| grade 4 banks | 1.45% |
| grade 5 banks | 1.50% |