Regulatory Alerts2012-01-01
Annual General Meetings May 2012
The Bank of Tanzania mandates all community banks to present six key operational reports, covering capital position, profitability, and asset quality, at their annual general meetings. The regulator requires institutions to invite central bank representatives twenty-one days prior to each meeting and submit the accompanying agenda. Additionally, banks must forward the minutes of their 2011 annual general meetings and confirm expected dates for current year gatherings within fourteen days of this directive.
S. A. Kazimoto A. N. Holay DIRECTORATE OF BANKING SUPERVISION Yours faithfully, BANK OF TANZANIA Your early response will be highly appreciated.
- Capital position- indicating adequacy and trend;
- Profitability- extent ;
- Asset qualify- NPL level and trend;
- Annual returns and Annual reports filed with BRELA;
- Governance- Directors' attendance in meetings; and •· 6. Litigation- nature of litigation and the amount involved. In addition to the normal agenda items for AGMs. the following reports should be presented to the AGM: Further, from now onwards, you are directed to invite Bank of Tanzania representatives to attend AGMs of your institution twenty one days prior to the meeting. The invitation should be accompanied with the agenda for the meeting. Bank of Tanzania would like to know the dates and issues discussed at your AG Ms conducted during the year ended 31.12.2011 and the expected dates for the AGM to be held in this year. In this regard you are required to submit within fourteen days from the date of this letter, minutes of the AGMs conducted during the year ended 31.12.2011. •• Reference is made to the above captioned subject. RE: ANNUAL GENERAL MEETINGS (AGM) To All Community Banks 4thMay, 2012 { Kwnhukumhu} Ref.No. FB.237 /293/016 Anuani ya Simu " BENKUU" BANK OF TANZANIA P.0.BOX 2939 DAR ES SALAAM TANZANIA Phone:2234494/2234495 2234497/2235481 Facimile: 2234192 CABLE "BENKUU" BENKI KUU YA TANZANIA S.L.P. 2939 DAR ES SALAAM TANZANJA Simu ya mdomo: 2234494/2234495 2234497/2235481
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