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2018-01-01

Bank of Zambia Circular 14/2018: 2019 Submission Calendar for Prudential Returns, Financial Statements, and Bank Charges

The Bank of Zambia issued Circular 14/2018 to establish mandatory submission deadlines for commercial banks' monthly prudential returns, quarterly financial statements, credit market monitoring programme reports, and bank charges disclosures throughout 2019. Regulated entities must file these documents via the Bank Supervision Application System or designated email channels according to the published schedule. Non-compliance triggers daily penalties of K500 for late or inaccurate prudential and charges returns, and K1,500 for delayed, incorrect, or improperly published quarterly financial statements.

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Bank Of Zambia OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS

BOZ/EXEC/DGO/bsup/km

7 December 2018

CB Circular No. : 14/2018

To : All Heads of Commercial Banks

CALENDAR FOR SUBMISSION OF PRUDENTIAL RETURNS, CREDIT MARKET MONITORING PROGRAMME RETURNS, QUARTERLY FINANCIAL STATEMENTS AND BANK CHARGES FOR PERSONAL AND CURRENT ACCOUNTS AND OTHER SERVICES

Further to CB Circular No.1 of 1998 and CB Circular No.4 of 2000, please be informed that the due dates for submission of Prudential Returns, Quarterly Financial Statements, Quarterly Credit Market Monitoring Programme Returns (CMMP) and the Quarterly Bank Charges for Personal and Current Accounts and other General Services Returns for 2019 are as follows:

PRUDENTIAL RETURNS

MONTHDUE DATE
January12 February 2019
February14 March 2019
March10 April 2019
April13 May 2019
May12 June 2019
June12 July 2019
July13 August 2019
August11 September 2019
September10 October 2019
October12 November 2019
November11 December 2019
December13 January 2020

QUARTERLY FINANCIAL STATEMENTS, CMMP AND BANK CHARGES

1st Quarter10 April 2019
2nd Quarter12 July 2019
3rd Quarter10 October 2019
4th Quarter13 January 2020

...2/-

Bank Square, Cairo Road P .O. Box 30080, Lusaka, Zambia Tel: 260-211-226844, 228888 Fax:260-211-237070 E-mail:dgo@boz.zm Web: http://www.boz.zm

The Monthly Prudential Returns and Credit Market Monitoring Programme (CMMP) Returns should be submitted through the Bank Supervision Application System via https://bsa.boz.zm/bsa while a soft copy of the Bank Charges Returns should be submitted to banksupervision@boz.zm.

A penalty of K500.00 per return per day will be charged for any delayed submissions or incorrect Prudential, CMMP and Bank Charges Returns.

In case of Quarterly Financial Statements, a penalty of K1,500.00 per return per day shall be incurred in any of the following circumstances:

  • Failure to submit the quarterly financial statements;
  • Failure to obtain Bank of Zambia approval prior to publication;
  • Publication of financial statements using incorrect formats; and
  • Publication of incorrect information.

[Signature]

p.p. Bwalya K. E. Ng’andu (Dr) DEPUTY GOVERNOR – OPERATIONS

cc Governor Deputy Governor – Administration Director – Bank Supervision

Bank Square, Cairo Road, P. O. Box 30080, Lusaka, Zambia Tel: +260-211- 226844/228888/9 Fax: +260-211-237070 Email: dgo@boz.zm. Web: http://www.boz.zm

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