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2016-01-01

Calendar for Submission of Prudential Returns, Quarterly Financial Statements and Bank Charges for Personal Current Accounts and Other Services

The Bank of Zambia issued Circular No. 01/2016 to establish the official 2016 submission calendar for commercial banks regarding prudential returns, quarterly financial statements, and bank charges. The directive specifies monthly and quarterly due dates, mandates online or email submissions through designated channels, and imposes daily penalties of K500 for prudential and charge returns or K1,500 for financial statements in cases of delay, missing approval, or incorrect formatting. All commercial bank heads must adhere to these deadlines and reporting standards to ensure regulatory compliance throughout the year.

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[Logo: Bank of Zambia]

Bank Of Zambia

OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS

BOZ/EXEC/DGO/banksup/bp

4 January 2016

CB Circular No. : 01/2016

To : All Heads of Commercial Banks

CALENDAR FOR SUBMISSION OF PRUDENTIAL RETURNS, QUARTERLY FINANCIAL STATEMENTS AND BANK CHARGES FOR PERSONAL, CURRENT ACCOUNTS AND OTHER SERVICES

Further to CB Circular No. 01 of 1998 and CB Circular No. 04 of 2000, please be informed that the due dates for submission of Prudential Returns, Quarterly Financial Statements and the Quarterly Bank Charges for Personal, Current Accounts and other General Services Returns for 2016 are as follows:

PRUDENTIAL RETURNS

MonthDue Date
January10 February 2016
February10 March 2016
March12 April 2016
April12 May 2016
May10 June 2016
June12 July 2016
July10 August 2016
August12 September 2016
September12 October 2016
October10 November 2016
November12 December 2016
December11 January 2017

.....2/-

Bank Square, Cairo Road P.O. Box 30080, Lusaka, Zambia Tel: 260-211-226844, 228888 Fax:260-211-237070 E-mail:dgo@boz.zm.Web: http://www.boz.zm

CB Circular No. 01/2016 - 2 - 4 January 2016

QUARTERLY FINANCIAL STATEMENTS AND BANK CHARGES

QuarterDue Date
1st Quarter12 April 2016
2nd Quarter12 July 2016
3rd Quarter12 October 2016
4th Quarter11 January 2017

The Monthly Prudential Returns, Foreign Exchange Exposure and Placements Returns should be submitted through the Bank Supervision Application System via https://mail.boz.zm/bsav30 while a soft copy of the Bank Charges Returns should be submitted to banksupervision@boz.zm.

A penalty of K500.00 per return per day will be charged for any delayed submissions or incorrect Prudential and Bank Charges Returns.

In case of Quarterly Financial Statements, a penalty of K1,500.00 per return per day shall be incurred in any of the following circumstances:

  • Failure to submit the quarterly financial statements;
  • Failure to obtain Bank of Zambia approval prior to publication;
  • Publication of financial statements using incorrect formats; and
  • Publication of incorrect information

[Signature]

Bwalya K. E. Ng’andu (Dr) DEPUTY GOVERNOR – OPERATIONS

Bank Square, Cairo Road P.O. Box 30080, Lusaka, Zambia Tel: +260-211-226844/228888/9 Fax: +260-211-237070 Email: bngandu@boz.zm. http://www.boz.zm

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