Regulatory Alerts2025-01-01
Calendar for Submission of Prudential Returns, Credit Market Monitoring Programme Returns, Quarterly Financial Statements and Bank Charges
The Bank of Zambia establishes the 2025 submission deadlines for monthly prudential returns, quarterly credit market monitoring reports, financial statements, and bank charges across commercial banks and deposit-taking institutions. Submissions must be filed via the Bank Supervision Application System or designated email by specified monthly and quarterly dates, incurring a ZMW 500 penalty for late or uncorrected filings. Quarterly financial statements carry a ZMW 1,000 penalty for non-submission or lack of prior approval, alongside a daily ZMW 1,000 charge for statements remaining outstanding or published with errors.
[Logo: Bank of Zambia]
Bank of Zambia OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS
BOZ/EXEC/DG/prs/bp
January 22, 2025
CB Circular No. : 05/2025
To : All Heads of Commercial Bank and Deposit Taking Non-Bank Institution
CALENDAR FOR SUBMISSION OF PRUDENTIAL RETURNS, CREDIT MARKET MONITORING PROGRAMME RETURNS, QUARTERLY FINANCIAL STATEMENTS AND BANK CHARGES FOR PERSONAL, CURRENT ACCOUNTS AND OTHER SERVICES
In accordance with Section 60 of the Banking and Financial Services Act, 2017, please be informed that the due dates for submission of Prudential Returns, Quarterly Financial Statements, Quarterly Credit Market Monitoring Programme and Quarterly Bank Charges for Personal, Current Accounts and other General Services Returns for 2025 are as follows:
1. PRUDENTIAL RETURNS
| Month | Due Date |
|---|---|
| January | February 12, 2025 |
| February | March 13, 2025 |
| March | April 10, 2025 |
| April | May 13, 2025 |
| May | June 11, 2025 |
| June | July 14, 2025 |
| July | August 13, 2025 |
| August | September 10, 2025 |
| September | October 10, 2025 |
| October | November 12, 2025 |
| November | December 10, 2025 |
| December | January 13, 2026 |
2. INTERNAL CAPITAL ADEQUACY ASSESSMENT PROCESS DOCUMENTS
The Internal Capital Adequacy Assessment Process documents for the year ended December 31, 2024, are to be submitted by September 30, 2025.
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Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia Tel:+260-211-399303, 399300, E-mail: dgo@boz.zm. Web: http://www.boz.zm
CB Circular No. 05/2025 - 2 - January 22, 2025
3. CREDIT MARKET MONITORING PROGRAMME, QUARTERLY FINANCIAL STATEMENTS AND BANK CHARGES
| 1st Quarter | April 10, 2025 |
| 2nd Quarter | July 14, 2025 |
| 3rd Quarter | October 10, 2025 |
| 4th Quarter | January 13, 2026 |
The Monthly Prudential Returns and Credit Market Monitoring Programme Returns should be submitted through the Bank Supervision Application System via https://bsa.boz.zm/bsa while a soft copy of the Bank Charges Returns should be submitted to banksupervision@boz.zm.
A penalty of Five Hundred Kwacha (ZMW500) per return for non-submission shall be imposed. The Bank of Zambia shall impose an additional penalty of Five Hundred Kwacha (ZMW500) for each day that the Return remains outstanding after the due date or remains uncorrected.
In case of Quarterly Financial Statements, a penalty of One Thousand Kwacha (ZMW1,000) shall be imposed in any of the following circumstances:
(i) Failure to submit the quarterly financial statements, (ii) Failure to obtain Bank of Zambia approval prior to publication, (iii) Publication of financial statements using incorrect formats, and/or (iv) Publication of incorrect information.
The Bank of Zambia shall impose an additional penalty of One Thousand Kwacha (ZMW1,000) for each day the financial statement remains outstanding after the due date, or remains published:
(i) Without the approval from the Bank of Zambia, (ii) In an incorrect format, and/or (iii) With incorrect information.
[Signature] Francis Chipimo (PhD) DEPUTY GOVERNOR
Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia Tel:+260-211-399303, 399300, E-mail: dgo@boz.zm. Web: http://www.boz.zm