CB Circular 05/2013 Calendar for Prudential Returns

BANK ofZ~IA DEPUfY GOVERNOR - OPERATIONS January 16,2013 CB Circular No: 05/2013 To All Commercial Banks CALENDAR FOR SUBMISSION OF PRUDENTIAL RETURNS, QUARTERLY FINANCIAL STATEMENTS AND BANK CHARGES FOR PERSONAL, CURRENT ACCOUNTS AND OTHER GENERAL SERVICES Further, to circular No 10f 1998 and 4 of 2000, please be informed that the due dates for submission of Prudential Returns, Quarterly Financial Statements and the Quarterly Bank Charges for Personal Current Accounts and Other General Services Return for 2013 are as follows:- PRUDENTIAL RETURNS Month Due Date January February March April May· June July August September October November December 8 February 2013 11 March 2013 9 April 2013 9 May 2013 10 June 2013 10 July 2013 9 August 2013 9 September 2013 8 October 2013 8 November 2013 9 December 2013 9 January 2014 QUARTERL Y FINANCIAL STATEMENTS AND BANK CHARGES 1stQuarter 2 nd Quarter 3 rd Quarter 4thQuarter 9 April 2013 10 July 2013 8 October 2013 9 January 2013 ........ 2/- Bank Square. Cairo Road P.O. Box 30080. Lusaka. Zambia. Tel:+260- 211-226844. 228888. Fax: +260-211-237070. E-mail: bngandu@boz.zm, http://boz.zm /

CB Circular No. 05/2013 2 January 16,2012 The Monthly Prudential Returns, Foreign Exchange Exposure and Placements Returns should be submitted through the Bank Supervision Application System via https:llmail.boz.zm/bsav30 while a soft copy of the Bank Charges return 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 and Bank charges Returns. In the case of the 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. Further, kindly note that in view of the Re-denomination of Currency (Act No.8 of 2012), the Bank of Zambia wishes to inform all commercial banks that effective 1st January, 2013, Prudential Reporting will now be in Kwacha Thousands instead of Kwacha millions. In this regard, enclosed is a copy of the rebased Monthly Prudential Returns and the weekly Foreign Exchange Exposure and Placements Returns. Bwa a K. E. Ng'andu (Dr) DEPi;TY GOVERNOR - OPERATIONS Bank Square, Cairo Road P.O. Box 30080, Lusaka, Zambia Tel: 260-211-226844, 228888/9 Fax: 260-211-237070 E-mail: bngalldu@boz.zm. http://www.boz.zm