BANK OF ZAMBIA

OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS

Tel : 260-1-228888/228903 P O Box 30080 LUSAKA 10101

4 December 2001
CB Circular No. 29/2001

TO : ALL COMMERCIAL BANKS

Dear Sirs/Madam

YEAR 2002 ANNUAL LICENCE FEES

We wish to remind you that in accordance with Statutory Instrument No. 180 of 1995, the annual licence fees for the year 2002 are due on 1 January 2002 and, the deadline for payment of the fees is 31 January 2002.

As you are aware, late payment of annual licence fees attracts a penalty of 20% per month or part thereof of any outstanding amount of the licence fee.

Accordingly, you are advised to ensure that the fee of K 4,500,000 for banks is paid before 31 January 2002

We look forward to your usual co-operation in this matter.

Yours faithfully

Abraham Mwenda (Dr)
DEPUTY GOVERNOR-OPERATIONS