Bank of Zambia Circular 6/1997: Publication of Monthly Financial Statements

# BANK OF ZAMBIA

Tel. 228888/228903-20

P.O. Box 30080 Lusaka  
10101

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**22 September 1997**

**CB Circular No. 6/97**

**TO : ALL COMMERCIAL BANKS**

Dear Sirs

## PUBLICATION OF MONTHLY FINANCIAL STATEMENTS

Further to CB Circular No.5/97 of 29 July 1997, kindly be advised that the presentation format of the monthly financial statements as prescribed by section 61(4) of the Banking and Financial Services Act 1994, has been amended as per attached format.

With effect from 30 September 1997, the publishing requirements will be for the quarterly positions **ONLY** on all the statements. The quarterly positions refer to the calendar quarter ends i.e 31 March, 30 June, 30 September and 31 December of each year. Thus the 1st quarter statements will show the cumulative positions for the months of January, February and March inclusive and so on.

These statements should be published at the latest, 30 days after the end of each quarter month i.e July 1997, 31 October 1997 etc.

Take note that as per attached format, all the published statements shall notify the public that the month-on-month financial statements in the prescribed format are available upon request at every branch of the bank.

Yours faithfully

Jonathan M Muke  
DIRECTOR – FINANCIAL SYSTEM SUPERVISION

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# MONTHLY STATEMENTS

Published in accordance with sections 61(4) of the Banking and Financial Services Act, 1994)

> Take note that the financial statements on a month-on-month basis are available on request at every branch of our bank.

**K'MILLION**

**STATEMENT OF ASSETS AND LIABILITIES as at**

| | 31 March 19__ | 30 June 19__ | 30 September 19__ | 31 December 19__ |
|---|---|---|---|---|
| **ASSETS** | | | | |
| Notes and coins | | | | |
| Balances held with BoZ | | | | |
| Balances held with Commercial banks | | | | |
| Balances held with banks abroad | | | | |
| GRZ securities | | | | |
| Other investments in Zambia | | | | |
| Treasury Bills issued by GRZ | | | | |
| Bills of exchange | | | | |
| Loans and advances | | | | |
| Balances with Branches | | | | |
| Fixed Assets | | | | |
| Other Assets | | | | |
| **Total Assets** | | | | |
| **LIABILITIES** | | | | |
| Demand deposits | | | | |
| Savings deposits | | | | |
| Time deposits | | | | |
| Amounts owing to other banks | | | | |
| Amounts owing to banks abroad | | | | |
| Bills payable | | | | |
| Amounts owing to branches | | | | |
| Amounts owing to BoZ | | | | |
| Other liabilities | | | | |
| Capital | | | | |
| Reserves | | | | |
| **Total Liabilities** | | | | |

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# MONTHLY STATEMENTS

(Published in accordance with section 61(4) of the Banking and Financial Services Act, 1994)

> Take note that the financial statements on a month-on-month basis are available on request at every branch of our bank.

**K'MILLIONS**

**STATEMENT OF CAPITAL POSITION**

| | Quarter ending |
|---|---|
| | *31 March 19__* |
| | *30 June 19__* |
| | *30 September 19__* |
| | *31 December 19__* |

**PRIMARY (Tier 1) CAPITAL**

(a) Paid-up common shares  
(b) Eligible preferred shares  
(c) Contribution surplus  
(d) Retained earnings  
(e) General reserves  
(f) Statutory reserves  
(g) Minority interests (common shareholders’ equity)  
(h) Sub-total  

SS

Goodwill and intangible assets  
(i) Investments in unconsolidated subsidiaries and associates  
(k) Lending of a capital nature to subsidiaries and associates  
(l) Holding of other banks’ or financial institutions’ capital instruments  
(m) Assets pledged to secure liabilities  
Sub-total (A) (items i to m)  

**OTHER ADJUSTMENTS**

Provisions for loan losses  
Assets of little or no realizable value  
Other adjustments  
(n) Sub-total (B)  
(Sub-total A above + Other adjustments)  
(o) Total primary capital (b-n)  

**MINIMUM REQUIRED**  
(Larger of K2,000 or 5% of risk based assets)  

**EXCESS (DEFICIENCY)**  

**CONDARY (Tier 2) CAPITAL**

(a) Eligible preferred share reserves  
(b) Eligible subordinated term debt  
(c) Eligible loan stock/capital  
(d) Revaluation reserves (Max. = 40% of m)  
(e) Total secondary capital (items (a) to (c))  

**ELIGIBLE SECONDARY CAPITAL**  
is limited to 100% of primary capital)  

**ELIGIBLE TOTAL CAPITAL (I(o) + II)**  
(Regulatory capital)  

**MINIMUM TOTAL CAPITAL REQUIREMENT**  
(10% of total on and off balance sheet risk-weighted assets or K2,000 whichever is higher)  

**EXCESS (DEFICIENCY)**  
(IV minus V)  

**Risk Based Assets**

* Delete whichever is not applicable

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# MONTHLY STATEMENTS

(Published in accordance with section 61(4) of the Banking and Financial Services Act, 1994)

> Take note that the financial statements on a month-on-month basis are available on request at every branch of our bank.

**K'MILLIONS**

**STATEMENT OF INCOME AND EXPENSES**

| | *1st Quarter ending (31 March 19__)* | *2nd Quarter ending (30 June 19__)* | *3rd Quarter ending (30 September 19__)* | *4th Quarter ending (31 December 19__)* | **Year to date** |
|---|---|---|---|---|---|
| **Interest Income from:** | | | | | |
| Loans & overdrafts | 0 | 0 | 0 | 0 | 0 |
| Securities (TBs & GRZ Bonds) | 0 | 0 | 0 | 0 | 0 |
| Other | 0 | 0 | 0 | 0 | 0 |
| **Interest expense:** | | | | | |
| on deposits | 0 | 0 | 0 | 0 | 0 |
| deposits of banks | 0 | 0 | 0 | 0 | 0 |
| liabilities other than deposits | 0 | 0 | 0 | 0 | 0 |
| **Net Interest Income** | | | | | 0 |
| **Provision for Loan Losses** | | | | | 0 |
| **Net interest Income after Loan Losses provision** | | | | | 0 |
| **Non-interest income** | | | | | 0 |
| Commission/fees | 0 | 0 | 0 | 0 | 0 |
| Fees on foreign exchange transactions | 0 | 0 | 0 | 0 | 0 |
| Lease rentals | 0 | 0 | 0 | 0 | 0 |
| investments | 0 | 0 | 0 | 0 | 0 |
| other income | 0 | 0 | 0 | 0 | 0 |
| **Non-interest expenses** | | | | | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Other expenses | 0 | 0 | 0 | 0 | 0 |
| **Net income after taxation** | | | | | 0 |

* Delete whichever is not applicable

---

# MONTHLY STATEMENTS

(Published in accordance with section 61(4) of the Banking and Financial Services Act, 1994)

> Take note that the financial statements on a month-on-month basis are available on request at every branch of our bank.

**K'MILLIONS**

**STATEMENT OF LIABILITIES**

| | Quarter ending |
|---|---|
| | *31 March 19__* |
| | *30 June 19__* |
| | *30 September 19__* |
| | *31 December 19__* |

**(i) LIABILITIES TO THE PUBLIC**

1. Demand deposits  
2. Savings deposits  
3. Time deposits  
4. Bills payable  

**Total Liabilities to the Public**

**(ii) LIABILITIES TO THE PUBLIC AT THE END OF THE PREVIOUS MONTH**

**(iii) LIQUID ASSETS**

1. Gold coins & bullion  
2. Notes & coins which are legal tender in Zambia  
3. Balances at BoZ  
   (a) Current account  
   (b) Statutory deposits account  
   (c) Other balances  
4. Treasury bills issued by GRZ  
5. Money at call with any other bank  
6. Bills of exchange and promissory notes eligible for discount at BoZ  
7. Local registered securities which are issued or guaranteed by GRZ and which have a final maturity date of not more than six years (at book value) and such any other securities as Minister may have approved  
8. Items in transit between banks, between branches of banks and between branches and head office of banks  
9. Other assets approved by Minister under paragraph (1) of subsection (3) of s 21 of the Banking Act, 1971  

**TOTAL LIQUID ASSETS**

**(iv) RATIOS**

1. Liquid assets (items 2,3(a) and 4) as a percentage of total liabilities to the public  
2. Total liquid assets as a percentage of total liabilities to the public  
3. Total liquid assets as a percentage of total liabilities to the public at the end of the previous month  

* Delete whichever is not applicable