Regulatory Alerts2013-01-01
Bank of Zambia Circular 23/2013 on New Capital Adequacy Framework Compliance
The Bank of Zambia issued Circular 23/2013 to report on compliance progress regarding the new minimum primary capital requirements for commercial banks by the December 31, 2013 deadline. The regulator confirmed that 14 of 19 operating banks have met or exceeded their respective capital thresholds, while four others have been granted extended recapitalization timelines under strict formal agreements. Consequently, all banks are deemed compliant and authorized to participate in interbank market trading.
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