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2023-01-01

CB Circular No. 35/2023 - 2024 Submission Calendar for Prudential, CMMP, Financial Statements and Bank Charges Returns

The Bank of Zambia has issued Circular No. 35/2023 establishing the official submission calendar for commercial banks covering monthly Prudential Returns, Credit Market Monitoring Programme returns, Quarterly Financial Statements, and Bank Charges for 2024. The directive specifies precise monthly and quarterly due dates extending through January 2025, mandates electronic submission via the Bank Supervision Application System for Prudential and CMMP returns, and requires email delivery of Bank Charges Returns. Financial penalties of K500 per day apply to delayed or incorrect Prudential, CMMP, and Bank Charges submissions, while Quarterly Financial Statements incur a K1,500 daily penalty for failures to obtain prior approval, use incorrect formats, or publish inaccurate data.

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Bank of Zambia

OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS

BOZ/EXEC/DGO/bsd/bp

December 18, 2023

CB Circular No. : 35/2023

To : All Heads of Commercial Banks

CALENDAR FOR SUBMISSION OF PRUDENTIAL RETURNS, CREDIT MARKET MONITORING PROGRAMME RETURNS, QUARTERLY FINANCIAL STATEMENTS AND BANK CHARGES FOR PERSONAL, CURRENT ACCOUNTS AND OTHER GENERAL SERVICES RETURNS

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, Quarterly Credit Market Monitoring Programme Returns and the Quarterly Bank Charges for Personal, Current Accounts and other General Services Returns for 2024 are as follows:

1. PRUDENTIAL RETURNS

MonthDue Date
January12 February 2024
February14 March 2024
March11 April 2024
April13 May 2024
May12 June 2024
June12 July 2024
July13 August 2024
August11 September 2024
September10 October 2024
October12 November 2024
November11 December 2024
December13 January 2025

...2/-

CB Circular No. 35/2023 - 2 - December 18, 2023

2. BASEL II PILLAR 1 CAPITAL ADEQUACY RETURNS

MonthDue Date
January19 February 2024
February21 March 2024
March18 April 2024
April20 May 2024
May19 June 2024
June19 July 2024
July20 August 2024
August18 September 2024
September17 October 2024
October19 November 2024
November18 December 2024
December20 January 2025

3. INTERNAL CAPITAL ADEQUACY ASSESSMENT DOCUMENTS

The Internal Capital Adequacy Assessment (ICAAP) documents for the year ended 31 December 2023 are to be submitted by 30 September 2024.

4. CREDIT MARKET MONITORING PROGRAMME, QUARTERLY FINANCIAL STATEMENTS AND BANK CHARGES

1st Quarter11 April 2024
2nd Quarter12 July 2024
3rd Quarter10 October 2024
4th Quarter13 January 2025

The Monthly Prudential Returns and Credit Market Monitoring Programme (CMMP) 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 K500.00 per return per day will be charged for any delayed submissions or incorrect Prudential, CMMP 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:

...3/-

CB Circular No. 35/2023 - 3 - December 18, 2023

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

(Signature)

Francis Chipimo (PhD) DEPUTY GOVERNOR – OPERATIONS

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