Region

Jurisdiction

Regulator

2001-01-01

Bank of Zambia Circular 29/2001: 2002 Annual Licence Fees

The Bank of Zambia mandates all commercial banks to remit the 2002 annual licence fee of K 4,500,000 pursuant to Statutory Instrument No. 180 of 1995. Banks must settle this amount by 31 January 2002, as the original due date was 1 January 2002. Any outstanding balance after the deadline will be subject to a late payment penalty of 20 percent per month or part thereof.

Zambia

Bank of Zambia

# 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